{"id":118192,"date":"2025-09-04T02:10:10","date_gmt":"2025-09-04T02:10:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/118192\/"},"modified":"2025-09-04T02:10:10","modified_gmt":"2025-09-04T02:10:10","slug":"do-you-feel-canadian-salaries-are-keeping-up-with-rising-living-costs","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/118192\/","title":{"rendered":"Do you feel Canadian salaries are keeping up with rising living costs?"},"content":{"rendered":"

How much do you need to make to live comfortably in Canada? The age-old question is back in the spotlight after recent data from Statistics Canada<\/a> revealed that average weekly earnings across the country rose in 2025.<\/p>\n

This comes while the cost of living continues to climb across housing, groceries and gas prices, with Canadians seeing their earnings fall short.<\/p>\n

Yahoo News Canada wants to hear from you:<\/p>\n

Canadian wages are up \u2014 but what does that mean in real terms?<\/p>\n

The latest data<\/a> from Statistics Canada revealed that average weekly salary for Canadians soared to $1,302 in June 2025. That marked a 3.7-per-cent year-over-year increase with the upward trend also continually seen on a month-over-month basis recently.<\/p>\n

The hourly wage has also seen an increase<\/a> over the years with the 2024 average in Canada at $35.20 \u2014 a 5 per cent increase from 2019 following inflation adjustment and an 18 per cent gain since 2006.<\/p>\n

What constitutes an average salary is closely tied to the regional cost of living and varies from province to province.<\/p>\n

While the national averages are climbing, the picture varies deeply by region. Statistics Canada’s Job Vacancy and Wage Survey reveals<\/a> that average hourly wages range from $30 in Manitoba to over $43 in Ontario and British Columbia.<\/p>\n

In some areas, earnings are reportedly higher<\/a>, such as the Northwest Territories \u2014 where the per hour rate averages north of $59.52. However, in remote regions expenses are also much higher. So, a bigger paycheque doesn’t necessarily mean more financial comfort.<\/p>\n

Cost of living: The growing squeeze<\/p>\n

On the other hand, Canadians face more steep living expenses. According to this report<\/a>, a single person needs between $2,800 to $4,500 per month, depending on where they live and their lifestyle, to cover basic expenses. That range is closer to between $5,000 and $8,000 for a family of four with ballooning housing, childcare and transportation driving costs factored in.<\/p>\n

More specific data<\/a> suggests in order to cover comfortable living standards, the household income for a family of four should fall between $85,000 and $120,000 annually \u2014 peaking higher in cities like Toronto and mid-range in the Maritimes.<\/p>\n

What\u2019s your biggest monthly expense right now? How has the cost of living affected your financial planning this year? Share your views on the issue in our Google Form.<\/p>\n

More on wages and the cost of living:<\/p>\n

Canadians preparing for retirement believe they need one million dollars to retire comfortably<\/a><\/p>\n

This is the average wage in Canada and here’s how Ontario compares to every other province<\/a><\/p>\n

Kevin O\u2019Leary reveals why Americans are fleeing to Canada<\/a><\/p>\n

If you enjoy participating in Yahoo polls and making your voice heard, we’d love to hear from you for upcoming polls. Stay tuned!<\/p>\n

Joy Joshi is a senior editor and writer at Yahoo News Canada.<\/p>\n","protected":false},"excerpt":{"rendered":"How much do you need to make to live comfortably in Canada? The age-old question is back in…\n","protected":false},"author":2,"featured_media":118193,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[65865,45,49,48,10262,46,50],"class_list":["post-118192","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-average-weekly-earnings","tag-business","tag-ca","tag-canada","tag-cost-of-living","tag-economy","tag-statistics-canada"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/118192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=118192"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/118192\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/118193"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=118192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=118192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=118192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}