Question

In: Economics

Why would ordinary Canadians be interested in the cost of living?

Why would ordinary Canadians be interested in the cost of living?

Solutions

Expert Solution

Canada is country which has highest expense to live.In Canada cost of living changes between regions.  it is a northern American country. Cost of living in Canada is higher.Canadian cities have aa high ranks to live . Cities are  considered as the most best places when compare to the other countries. Almost half salary of Canadians is used to speed for household from their average salary.   Canadians spend about 35% to 55 % of income of people in housing . Rent for home and utilities is high. Heating house and electricity cost id large . Distribution of population  and climatic differences and the size of the country determines the living cost in the country.

Canada have high standard of living. The people off country spend mote in entertainment and luxury living. Canadians are too interested in spending money for entertainment compared to the people in other countries. They also spend money for traveling. Consumer spending id veery high in Canada . because the standard of living in Canada is very high. Thus most of people spend money for buying standardized goods. Canadians are interested in making online purchases. They usually consumes quality products.

Rent, public transportation,education, internet usage, Mobile recharge plans and food are the major expenses in the country. Rent of the house in cities is much higher. Other related utility cost including heat , electricity and water also reasons to the higher cost. In Canada house heating is mostly done using electricity or Natural gas.. Oil are also used for some houses. Electronic equipment , appliances also requires electricity. For cities in Canada there is payment for water imposed by municipality.  . IT is about $900 or more. Nutritious meals have higher cost. Adult spend $ 371 for diet. Internet access and mobile recharge plans are higher. Cable television payments differs with the cable or satellite provider.

  


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