Canadians Burdened By Soaring Food Rent Costs Poll

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Опрос: высокая стоимость продуктов питания и арендная плата обременяют канадцев
Опрос: высокая стоимость продуктов питания и арендная плата обременяют канадцев from

Canadians Burdened by Soaring Food, Rent Costs: Poll

Key Findings of the Poll

Rising Food Costs

The poll, conducted by Angus Reid, found that Canadians are increasingly concerned about the rising cost of food. 49% of respondents said that food prices are a financial burden, up from 39% in a similar poll conducted in May 2022. The increase in food costs is being driven by a number of factors, including:

Rising Rent Costs

Canadians are also facing rising rent costs. 45% of respondents said that they are struggling to afford their rent or mortgage, up from 38% in May 2022. Rent increases have been particularly sharp in major cities. The average rent for a one-bedroom apartment in Toronto is now over $2,000 per month. In Vancouver, the average rent for a one-bedroom apartment is over $2,500 per month. The rising cost of rent is due to a number of factors, including:

Impact on Canadians

The rising cost of food and rent is having a significant impact on Canadians. Nearly one-quarter (23%) of Canadians have cut back on essential expenses like food and medicine due to financial constraints. Others are taking on additional debt to make ends meet. A recent report by the Canadian Payroll Association found that the average Canadian household is now carrying over $20,000 in debt. The rising cost of living is also having a negative impact on mental health. A recent study by the Mental Health Commission of Canada found that over half of Canadians are now experiencing anxiety or depression. The study also found that those who are struggling financially are more likely to experience mental health problems.

Government Response

The Canadian government has taken some steps to address the rising cost of living. In April 2022, the government introduced a number of measures, including: The government has also announced plans to invest in affordable housing and to increase the supply of housing.

Conclusion

The rising cost of food and rent is a major challenge for Canadians. The government has taken some steps to address the issue, but more needs to be done to help Canadians make ends meet.