Last Updated On 14 November 2023, 8:14 AM EST (Toronto Time)
The new Vancouver living wage 2023 revealed by the Living Wage for Families BC shows a surge of 6.6% to $25.68 from $24.08 in 2022.
There is a difference of $8.93 between this living wage rate in Metro Vancouver and the general provincial minimum wage raised on June 1, 2023.
According to the Canadian Centre for Policy Alternatives’ research, one-third of Metro Vancouver’s two-parent households do not earn the living wage to meet their household ends.
The living wage in Greater Victoria is $25.40 an hour, while in Kelown it is now $24.60 per hour.
These results follow the release of the most recent Labour Force Survey from Statistics Canada, which revealed that one in three Canadian households is having financial difficulties.
Basic necessities such as housing, food, childcare, transportation, health care costs not covered by the provincial medical services plan, phone and internet, clothing, and education were all taken into consideration for the living wage report.
It also examines emergency savings and supplemental costs, such as household supplies and toiletries.
The costs of paying off debt or interest, saving for a down payment on a house, retiring, or sending a child to college are not included in the calculations.
Furthermore, it does not account for taking care of a sick family member, which has led some to contend that making a livable wage is not the same as making enough money to live comfortably in real life.
Metro Vancouver: $25.68 Clayoquot Sound: $26.51 Columbia Valley $22.63 Comox Valley: $22.02 Cowichan Valley $25.20 Daajing Giids: $26.25 Dawson Creek $20.64 Fraser Valley: $20.66 Golden $25.78 Kamloops $20.91 Kelowna $24.60 Nanaimo $22.87 Nelson $21.14 Powell River $25.06 Prince George: $22.09 Revelstoke $24.60 Sunshine Coast: $25.61 Trail $21.55 Victoria $25.40 Agility Technologies Corporation Arch Engineers Aunt Leah’s Place BC Moving and Storage LTD Bee’s Knees Garden and Landscape Briteweb Brood Care Inc. Central Park Farms Chandos Construction Computrol Fuel Systems Inc. DLP Electrical Ltd. East River Gardens Energy Network Services Entre Nous Femmes Housing Society Habetin Homes Ltd. Hi-Performance Distributors Hogan’s Alley Society Kontur Geotechnical Consultants Inc. Koome Urban Forestry Ltd. Lìonra Agency Inc McCuaig & Associates Engineering Ltd. Provincial Moving & Storage (2022) Ltd. Savage Society SES Consulting Signal West Contracting Ltd. Smart Investments & Insurance Services Ltd Sol-Mar Landscaping Stay Wild natural Health Sunshine Coast Botanical Garden Society Tectonic Architecture The Grounds Guys of Abbotsford The North Shore Restorative Justice Society United Way Southern Vancouver Island Uptown Moving WATSON Advisors Inc. 221A Artist Run Centre Society Allevato Quail & Roy ASPECT BC Bakau Consulting Inc. Bardel Entertainment Inc Bath Investments Ltd.
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The Living Wage for Metro-Vancouver has risen to $25.68 for 2023. Calculations have shown that a family would have to spend $4,000 extra on the same basket of goods compared to last year. https://t.co/1Bi8T4AKSR #livingwage #costofliving #livingwageweek #metrovancouver pic.twitter.com/kv5pDaMHyg