What's going to cost you more — and less in 2021
Jan 1st 2021, 10:39 pm
#1
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What's going to cost you more — and less in 2021
Article is BC specific but some of the costs probably be seen elsewhere and other areas may have similiar articles.
What is expected to cost more in 2021 and less.
Food will cost more- Rising prices for bread, meat and vegetables are expected to lead the overall food price increase of three to five per cent. (there is a reason people with limited food budgets tend to skip vegetables, they are quite pricey these days and only going up each year.)
Car insurance for many is expected to go down as ICBC restructured the way it operates, average savings of $400 per year. (takes effect May 1)
Fares with BC Ferries are set to increase by 2.3 per cent on average.
Translink 2.3-per-cent fare increase in July in expected for public transit, BC transit elsewhere in the province does not yet know if fares will increase.
0.61-per-cent rate decrease that is effective retroactively to April 1, 2020 will give on average BC Hydro customers a $4 savings, BC Hydro also plans to increase rates in April by 1.16%.
Fortis BC electricity customers can expect to see a 4.36% rate increase. (glad we live on the BC Hydro side of the bridge)
Fortis BC natural gas customers will see anywhere from 5% to 8% depending on where they live.
Various city's expected to raise property taxes.
https://www.cbc.ca/news/canada/briti...2021-1.5853608
What is expected to cost more in 2021 and less.
Food will cost more- Rising prices for bread, meat and vegetables are expected to lead the overall food price increase of three to five per cent. (there is a reason people with limited food budgets tend to skip vegetables, they are quite pricey these days and only going up each year.)
Car insurance for many is expected to go down as ICBC restructured the way it operates, average savings of $400 per year. (takes effect May 1)
Fares with BC Ferries are set to increase by 2.3 per cent on average.
Translink 2.3-per-cent fare increase in July in expected for public transit, BC transit elsewhere in the province does not yet know if fares will increase.
0.61-per-cent rate decrease that is effective retroactively to April 1, 2020 will give on average BC Hydro customers a $4 savings, BC Hydro also plans to increase rates in April by 1.16%.
Fortis BC electricity customers can expect to see a 4.36% rate increase. (glad we live on the BC Hydro side of the bridge)
Fortis BC natural gas customers will see anywhere from 5% to 8% depending on where they live.
Various city's expected to raise property taxes.
https://www.cbc.ca/news/canada/briti...2021-1.5853608
Mar 27th 2021, 12:05 am
#2
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Re: What's going to cost you more — and less in 2021
Netflix (and other such services) will cost a bit more in BC on April first when these companies will have to begin collecting 7% PST on subscriptions, just got the email from Netflix today, and I saw a post on reddit about Spotify as well.
BC provincial sales tax (PST) exemption for carbonated beverages that contain sugar, natural sweeteners or artificial sweeteners will be eliminated and such beverages will on April 1st be taxed, so stock up now if you can.
Sellers of digital software and telecommunication services will be required to collect PST on sales to B.C. customers if they have B.C. revenues of more than $10,000
Canadian sellers of vapour products will be required to register to collect PST on all online or mail-order sales to B.C. customers.
https://news.gov.bc.ca/releases/2021FIN0019-000407
BC provincial sales tax (PST) exemption for carbonated beverages that contain sugar, natural sweeteners or artificial sweeteners will be eliminated and such beverages will on April 1st be taxed, so stock up now if you can.
Sellers of digital software and telecommunication services will be required to collect PST on sales to B.C. customers if they have B.C. revenues of more than $10,000
Canadian sellers of vapour products will be required to register to collect PST on all online or mail-order sales to B.C. customers.
https://news.gov.bc.ca/releases/2021FIN0019-000407
Mar 27th 2021, 1:50 am
#3
Tea Drinker
Joined: Nov 2006
Location: Kamloops, BC
Posts: 5,387
Re: What's going to cost you more — and less in 2021
Up = used vehicles & puppies
Down = webcams, microphones, desks, chairs
Down = webcams, microphones, desks, chairs
Apr 2nd 2021, 12:29 am
#4
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Re: What's going to cost you more — and less in 2021
No more free EV charging at BC Hydro fast charging stations soon.
Starting May 1, 2021, the following interim rates will apply:
I imagine the free charging had to end at some point.
Starting May 1, 2021, the following interim rates will apply:
- $0.12 per minute for 25kW DC fast chargers (currently in Hope, Squamish and Horseshoe Bay)
- $0.21 per minute for 50kW DC fast chargers (all remaining locations)
I imagine the free charging had to end at some point.
Apr 2nd 2021, 4:58 am
#5
Dive Bar Drunk
Joined: Nov 2006
Location: Toronto
Posts: 8,648
Re: What's going to cost you more — and less in 2021
Streaming (such as Netflix) has been creeping up a while. I pay more now for TV content than ever- although I have nought else to do so it's easy to swallow.
As always I'm watching the beer price at Hooters.
I noticed groceries go through the roof last year. I feel like my bill grew 20% in 2020 although hard to gage with the pandemic and eating a little more because I'm at home.
As always I'm watching the beer price at Hooters.
I noticed groceries go through the roof last year. I feel like my bill grew 20% in 2020 although hard to gage with the pandemic and eating a little more because I'm at home.
Apr 2nd 2021, 8:35 am
#6
BE Enthusiast
Joined: Mar 2009
Posts: 704
Re: What's going to cost you more — and less in 2021
Housing. Always the ****ing housing. If you think you've seen expensive, whether as a buyer or a renter, you ain't seen nothing yet:
- Continued low interest rates.
- Pent-up demand from those who haven't been too badly affected by the pandemic.
- Reduced new-construction supply from sundry pandemic-related construction restrictions, and associated developer caution.
- The usual crowding-out of renters in periods of relatively low new housing supply.
- Continued low interest rates.
- Pent-up demand from those who haven't been too badly affected by the pandemic.
- Reduced new-construction supply from sundry pandemic-related construction restrictions, and associated developer caution.
- The usual crowding-out of renters in periods of relatively low new housing supply.
Apr 2nd 2021, 3:43 pm
#7
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Re: What's going to cost you more — and less in 2021
I am so glad to be leaving the market rent, rental market. Hopefully will never have to be subjected to the crazy rents again. Even in places where rent is lower, it's still not affordable and really overpriced for what you get. Renting in Canada is high cost and low value return really. It's to the point of insanity when people just renting rooms are still paying 50% of their income on rent.
Downside is market rents will just continue to increase so we will likely never have freedom to move again, unless BC Housing closes the building we are moving to and forces us to.
Downside is market rents will just continue to increase so we will likely never have freedom to move again, unless BC Housing closes the building we are moving to and forces us to.
Housing. Always the ****ing housing. If you think you've seen expensive, whether as a buyer or a renter, you ain't seen nothing yet:
- Continued low interest rates.
- Pent-up demand from those who haven't been too badly affected by the pandemic.
- Reduced new-construction supply from sundry pandemic-related construction restrictions, and associated developer caution.
- The usual crowding-out of renters in periods of relatively low new housing supply.
- Continued low interest rates.
- Pent-up demand from those who haven't been too badly affected by the pandemic.
- Reduced new-construction supply from sundry pandemic-related construction restrictions, and associated developer caution.
- The usual crowding-out of renters in periods of relatively low new housing supply.
Apr 2nd 2021, 5:27 pm
#8
Concierge
Joined: Jan 2013
Location: Western Australia
Posts: 21,138
Re: What's going to cost you more — and less in 2021
I am so glad to be leaving the market rent, rental market. Hopefully will never have to be subjected to the crazy rents again. Even in places where rent is lower, it's still not affordable and really overpriced for what you get. Renting in Canada is high cost and low value return really. It's to the point of insanity when people just renting rooms are still paying 50% of their income on rent.
Downside is market rents will just continue to increase so we will likely never have freedom to move again, unless BC Housing closes the building we are moving to and forces us to.
Downside is market rents will just continue to increase so we will likely never have freedom to move again, unless BC Housing closes the building we are moving to and forces us to.
Apr 2nd 2021, 5:59 pm
#9
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Re: What's going to cost you more — and less in 2021
We did, well we accepted the offer, we don't get the keys until end of the month so we haven't moved into the unit yet, but it will be quite an improvement each month May onwards, saving $824 a month on rent will be a huge positive.
The unit is nice, its an older building, probably built in the late 70's to early 80's, but they have repainted the inside, put new flooring in, new windows, and a new stove/oven and fridge. And has so much closet space, amazing how much closest space they put into units back then when building vs now where some reason they don't think people wear clothes anymore or something because closet space in newer buildings is non-existent compared to what they used to put in.
Just about 7 years of waiting, maybe it's 6 1/2, somewhere in that range, so not a short wait at all.
We are breaking our current lease a bit early, and the current landlord is being a bit difficult, but eh they will live, sometimes you just have to do what is best for you long term, and not worry about the short term.
The unit is nice, its an older building, probably built in the late 70's to early 80's, but they have repainted the inside, put new flooring in, new windows, and a new stove/oven and fridge. And has so much closet space, amazing how much closest space they put into units back then when building vs now where some reason they don't think people wear clothes anymore or something because closet space in newer buildings is non-existent compared to what they used to put in.
Just about 7 years of waiting, maybe it's 6 1/2, somewhere in that range, so not a short wait at all.
We are breaking our current lease a bit early, and the current landlord is being a bit difficult, but eh they will live, sometimes you just have to do what is best for you long term, and not worry about the short term.
You've signed up for the new place?! Hooray!! You've been waiting years for this J, take some time out to just sit and breathe a sigh of relief. You know better than anyone how much pressure this will take off you and L. I know that looking for/thinking of negatives is part of your condition, but mate, take some time to celebrate your good fortune in getting this apartment. Your life has improved!
Apr 3rd 2021, 2:41 am
#10
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Joined: Jan 2013
Location: Western Australia
Posts: 21,138
Re: What's going to cost you more — and less in 2021
We did, well we accepted the offer, we don't get the keys until end of the month so we haven't moved into the unit yet, but it will be quite an improvement each month May onwards, saving $824 a month on rent will be a huge positive.
The unit is nice, its an older building, probably built in the late 70's to early 80's, but they have repainted the inside, put new flooring in, new windows, and a new stove/oven and fridge. And has so much closet space, amazing how much closest space they put into units back then when building vs now where some reason they don't think people wear clothes anymore or something because closet space in newer buildings is non-existent compared to what they used to put in.
Just about 7 years of waiting, maybe it's 6 1/2, somewhere in that range, so not a short wait at all.
We are breaking our current lease a bit early, and the current landlord is being a bit difficult, but eh they will live, sometimes you just have to do what is best for you long term, and not worry about the short term.
The unit is nice, its an older building, probably built in the late 70's to early 80's, but they have repainted the inside, put new flooring in, new windows, and a new stove/oven and fridge. And has so much closet space, amazing how much closest space they put into units back then when building vs now where some reason they don't think people wear clothes anymore or something because closet space in newer buildings is non-existent compared to what they used to put in.
Just about 7 years of waiting, maybe it's 6 1/2, somewhere in that range, so not a short wait at all.
We are breaking our current lease a bit early, and the current landlord is being a bit difficult, but eh they will live, sometimes you just have to do what is best for you long term, and not worry about the short term.
As for the current landlords, bugger them. They've had more than enough money from you.
Apr 3rd 2021, 6:48 pm
#12
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Re: What's going to cost you more — and less in 2021
Toilet paper, diapers, and other such paper products going up in price. I imagine other producers will follow.
https://financialpost.com/news/retai...u-s-and-canada
https://financialpost.com/news/retai...u-s-and-canada
Apr 4th 2021, 5:38 am
#13
Bex in the city
Joined: Jun 2013
Location: Vancouver, BC
Posts: 3,899
Re: What's going to cost you more — and less in 2021
My god is anything actually going down in cost this year?!
Apr 4th 2021, 5:51 am
#14
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Joined: Jan 2013
Location: Western Australia
Posts: 21,138
Re: What's going to cost you more — and less in 2021
Yes, Jsmith's rent
As for everything else, it's always been my experience that just about everything increases in price year on year, or at best stays the same price. Can't remember anything going down in price (sales, specials and produce gluts excepted).
As for everything else, it's always been my experience that just about everything increases in price year on year, or at best stays the same price. Can't remember anything going down in price (sales, specials and produce gluts excepted).
Apr 4th 2021, 12:28 pm
#15
Concierge
Joined: Apr 2001
Posts: 46,382
Re: What's going to cost you more — and less in 2021
I am so glad to be leaving the market rent, rental market. Hopefully will never have to be subjected to the crazy rents again. Even in places where rent is lower, it's still not affordable and really overpriced for what you get. Renting in Canada is high cost and low value return really. It's to the point of insanity when people just renting rooms are still paying 50% of their income on rent.
Downside is market rents will just continue to increase so we will likely never have freedom to move again, unless BC Housing closes the building we are moving to and forces us to.
Downside is market rents will just continue to increase so we will likely never have freedom to move again, unless BC Housing closes the building we are moving to and forces us to.
Does that mean that you and L viewed the apartment and approved it and decided to accept it? I must have missed your post that told us about the place and your thoughts on it.
Yes, it does as I read the posts just above me now. My apartment was built in the '50's and we had super closet space four large double closets plus one linen closet in a one bedroom apartment.
Congratulations!
That rent is great, J, and will make such a difference in your lives. You might almost be able to save a few bucks each month.
Last edited by Rete; Apr 4th 2021 at 12:33 pm.