By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. "Lots of kids go to school hungry and don't have proper meals. Still, the booze and gas is still significantly lower in the US. Doesnt Canada have a active consumer affairs industry? Real estate investors see the markets strength, and they know that their money will be safe in a long-term Canadian real estate investment. The resilience of housing markets during the pandemic has been a surprise to those who had forecast declining sales and prices. (Top 10 Reasons). Raising the de minimis would be a savage disruption. 2 years ago in Ontario, they instituted an HST tax of 13%, I think 95% of the people in Ontario didnt even know it was in legislation, let alone passed. With the COVID-19 Pandemic, the Canadian job market took a bit of a hit. I can still travel to most countries in the world and still feel safer wearing my Canadian Pin, even in the US. I think youre right about price gauging on the US retailers part, but as a business owner in Onatario, I can also tell you that Canada charges a premium to do business up here. It was formed in 2017 whenItaly's Luxottica owner of Ray-Ban and Oakley glasses mergedwith France's Essilor, owner of Crizal, Transitions, Clearly and other brands. Whats up with Canadians? Your email address will not be published. Rates in Toronto were about double that figure. Because the cost is all the foregoing data, flippedaround. As you can see, there are lots of good reasons behind the price of Canadian real estate being so high. Sneakers I have been known to bring home to Northern BC a suitcase full of cheese. Which, requires buying a lot of groceries. This means that more and more older people are staying in their homes and aging in place. There are a lot of different aspects that make it living in Canada, doing business there, or even shipping items to the country extremely expensive. automobiles in Canada versus those in the United States. When there is not much job security and higher unemployment, people like the fact that a rental can always be changed or even shared with friends. All of this, however, ignores one significant reason why some prices in Canada are higher than those in the United States: government policy. "We don't have any roads or railways from the south so all goods have to be flown up every day," says Madeleine Redfern, mayor of the capital, Iqaluit. Most of these taxes are not all that high when you look at taxes around the world, but there are quite a few fees involved with the purchase of a home. The problem with low interest rates is that it sometimes makes people purchase homes that they will never be able to pay off, and that is unfortunate. To think a government is remotely capable of collecting and properly collating this type of comparative information assumes a degree of specific knowledge that governments do not possess, as it would be impossible to track the millions of business decisions that are made on a daily basis. This also reduces for land availability. I hope it does become a platform issue. Please note that CBC does not endorse the opinions expressed in comments. When homes are first built, these high-quality building materials are going to be higher in price. I have been drinking these since I was young, and the raspberry flavor along with the peach are my favorite flavors. Would you pay C$28 (US$27; 18) for a cabbage? We lose five to six times more food during transport to the north than we do down south. Here, in part, is the case made by Canadian retail against pulling down any border walls. The main takeaway is clear: raising the de minimis would be terrifically disruptive to the Canadian economy. Additionally, Canada has three of the Greediest Unions in the world! And government policy is to blame. Colorado Vs. California (Whats The Difference? If you are a Home delivery print subscriber, unlimited online access is. We do pay too much for consumer goods and food here. You can visit it, but you can't live it. If you are thinking of moving to Canada or selling your home in Canada, these are all tips and thoughts that you are going to want to consider. Plus, the number of Canadians who now use a post-box in the States so that they can save the cost of shipping on their online purchases is staggering. But, a can of Campbells Mushroom soup was up to $2.18 US vs $0.49 0.69 CDN here. If you are in an area to which people are continually migrating, you can charge much more for a home for sale. However, it does make the upfront cost of the home quite a bit higher. $65 for a bag of chicken? Who isn't sick of the yo-yo value of our dollar? The unfortunate part is that, on a macro-level, this type of shopping habit will wreak havoc on the economy of bordering Canadian cities. When probed, the Canadian automobile industry suggested that part of the reason for higher prices in Canada was the cost of translation. If you're looking for a top-quality and healthy sparkling water, you'll want to try Clearly Sparkling. Here is yet another reason that supply and demand remain an issue in Canadian real estate. This would all translate in cost increases for businesses and, in the end, customers. A typical store in the north will use $686,000 (430,140) worth of electricity in a year. If you are thinking of purchasing a home in Canada, be prepared for it to be expensive. The website says that the geology from the last ice age provides filtration and minerals, making Clearly Canadian water taste incredibly fresh, pure, and classic. Any number of factors could explain the difference. The publishing and textile industries are two examples of this. Thus, a continental market in airline travel would serve passengers if an American airline could compete head-to-head with Canadian airlines on domestic routes. Some of the most popular soft drinks in Canada are Pepsi and Coca Cola. Development charges have gone up by approximately 878% since 2004 adding at least $150,000 to an average new-build condos price. Until people start to think of Canada as a place to move away from, we probably wont see too much of a change in real estate pricing. We have offices in Calgary, Halifax, Montreal, Toronto, and Vancouver. Development charges have gone up by approximately 878% since 2004 adding at least $150,000 to an average new-build condos price. Can you tell us where that extra cost goes? WebSummary: The reason for the higher price is that it contains natural ingredients and does not contain any unwanted elements that can be harmful to your health. When people have confidence in their job and the ability to get another job should they lose one, they will be more likely to invest in a house. Perhaps there are inherent differences in the demographics and economic structures of the two countries to help explain this widening price gap. This makes it ideal for those who are health-conscious and are looking for a delicious and pure sparkling water option. Mineral water is naturally occurring and full of essential vitamins and minerals that are vital for all organs in the body. WebThe main reason why Canada Post prices are so expensive is because they have to cover so much geographic area with their service. Fuel is expensive. Clearly Canadian is committed to being as eco-friendly as possible. According to the UCLA analysis, Warby Parker was still able to maintain a profit margin while charging approximately $125 Cdnless than Luxottica through working directly with lens and frame suppliers and avoiding the licensing costs that come with the brand names offered by the competing eyewear giant (such as Prada). The Americans also have the support of Canadian businesses that import from the U.S., and are sick, as are many of us, of our sclerotic border and the taxes and the duties. Prescription eyeglasses can range anywhere from the mid-$200s to more than $1000 a pair in Canada. Recently, I flew out of Syracuse to San Diego for $400 vs. $825 from Ottawa. The United States and Canada do not allow for full competition, but Americans benefit from a bigger market given their much larger population. Canada Goose jackets are famous and loved by celebrities. I dont understand. What is the most popular soft drink in Canada. Last but certainly not least, homes are expensive in Canada because it is a popular place to live. However, I consider those a minor inconvenience. Quinte West is a popular tourist destination Kenora is a city in Northwestern Ontario, Canada. Another problem with investors is that they go into these homes that would potentially need a bit of work, clean them up, and then flip them for a high profit. (Or, for that matter, why would anyone who has a choice?). The city has a population of approximately 45,000 people and is situated on the Bay of Quinte. My kids like to eat Chex cereal, it retails between $4.99 and $5.99 in Canada, its about $2.99 in the states and you can often get it on sale for $1.99. The study goes on. What really gets my goat is the fact that: as Canadians, we are forbidden from trading in USA brokerages and we pay 2 to 3 times more for an online trade commission with a Canadian Brokerage than our US counterparts. 3. Plus, every bottle of Clearly Canadian sold helps support environmental causes through our 1% for the Planet membership. You will find English, Scottish, Irish, Indians, Italians, and many other nationalities here living peacefully together. In a related paper, Glaeser and co-authors investigated why Manhattan was so expensive. Yes, it is true that Canadian e-tailers can ship tax- and duty-free to, say, a customer in New York City, whereas brick-and-mortar retailers there must charge both state and city sales tax on purchases made in their stores. It's easy to ask why, if Canada and the U.S. are supposed to be a trading bloc, American consumers can buy from Canada easily and with virtually no government-imposed costs or interference, while our government sees to it that purchasing from an American retailer quickly becomes impossibly expensive for Canadians. In the U.S. we complain all the time about taxes, price of gas and food, etc. The cost of using the better materials will certainly pay off in the long run. Its harsh, northern climate This is hard to do and not a realistic option for most people. In times of higher interest rates, the total prices of the homes have to stay a little lower. That is more than 18 teaspoons of added sugar, according to the American Heart Association. As was a rack of lamb from Australia. Canadians are very serious about their education system, and therefore, those who are educated through that system tend to have an easier time getting higher-paying jobs. Foraging and hunting for so-called country foods are important, says Ms Redfern, but it can hard for people to get hold of them. Despite this, there is a high demand for housing, a shortage of available houses and apartments, expensive because the demand for housing exceeds the supply. What sets this sparkling water apart is that it contains no nitrates and is naturally enriched with calcium and magnesium. BMO economists believe residential investments are set to remain robust in 2021.. In the United States, almost all bottled water comes from three sources: municipal tap water, spring water, and groundwater. It's awfully easy to take that view; I just did, didn't I? The health plan I had through my employer in the States was hands down, better than the coverage I get up here. These fluctuations have occurred due to the recent pandemic. The BMO report, though, questions the assumption that supply constraints are behind the rapid house price inflation in Canada. And while specific numbers on EssilorLuxottica's dominance in Canada are not available,British newspaper The Guardian reported in 2018 that Essiloralone controlled more than half the world's prescription lens market. Over 30 years, a homeowner will pay a large amount of interest. 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