CityNews poll 86 per cent of Metro Vancouver residents feel cost-of-living squeeze

A recent poll reveals that 86% of Metro Vancouver residents believe living and working in the region is too expensive, with grocery prices cited as the leading concern. Many locals have adjusted their shopping habits, citing the high cost of basic items like coffee, and report feeling financial pressure from both groceries and rent. Prime Minister Carney has committed to addressing the housing supply issues in the upcoming federal budget, which is scheduled for release shortly. Political scientists note that the proposed changes may take five years or longer to significantly affect affordability. Conservative leader Pierre Poilevre stresses that any budget leading to increased living costs will be rejected.

Carney's government must negotiate with opposition parties to secure support for the budget by offering targeted relief measures. Experts suggest that these measures could include tax breaks for lower-income Canadians, though the impact may be limited. Overall, the ongoing financial strain indicates that the budget will remain a central concern for Canadians in the foreseeable future.