2024 Cost Of Living Increase Canada 2024. That’s more than twice the increase for renting and owning a residence, a. The report says a living wage in nova scotia is $26.53 and $22.76 in prince edward island, while minimum wage in each province is respectively $15.20 and $15.40 per hour.

Cost of living in canada example costs by city. With two months of data still pending, current estimates suggest a 2.57% cola increase for 2025, which would add about $50 per month to benefits, according to the detroit free press.