2024 Cost Of Living Increase For Vancouver. The ccpa adds, “the bc government should raise the minimum wage to $20 per hour to narrow the gap between the minimum wage and the living wage, benefitting over 400,000 people of. Based on cost of living figures as of october 2022, british columbia is the most expensive province in canada.

The average cost of living in vancouver is $2564, which is in the top 6% of the most expensive cities in the world, ranked 587th out of 9294 in our global.  — for unions and other negotiated agreements, a 1% increase in total compensation represents an annual cost of nearly $351 million, while an increase of 1% for all b.c.