A report out today tells us what we already know – it’s becoming even more expensive to live in Metro Vancouver.
The Canadian Centre for Policy Alternatives calculates the region’s living wage at $20.68/hr.
That’s up 58 cents from the year before.
The living wage is what two working parents with two children need to earn to meet basic needs, such as rent, child care, food and transportation.
The report says the 2.9% jump in living wage is higher than inflation, at 1.1%.
And it is also climbing faster than living wages for other regions, including the Fraser Valley at $17.27/hr.