![]() Alberta residents face high costs for childcare, water, fuel, electricity, parking, restaurants, and groceries. While British Columbia takes the top spot as the most expensive province in Canada, Alberta closely follows as the third most expensive. These high costs have a significant impact on renters, with the average asking rent in Ontario reaching $2,492 in October. Additionally, over two-fifths of the other factors rank in the top three, including renting and purchasing property, buying a car, and household appliances. ![]() The study found that Ontario is the most expensive province for three factors: fruit and vegetables, home repairs, and furniture. However, the median house price in British Columbia is even higher at $996,460. The soaring house prices in Ontario have made it increasingly difficult for first-time buyers to enter the housing market. This is over $400,000 higher than the Canadian average of $490,520. Ontario scored 71 out of 100, with the median price of a home in the province reaching a staggering $931,870. The study considered 55 factors sourced from Statistics Canada and the Canadian Real Estate Association to determine the rankings. ![]() A recent study conducted by Westland Insurance has revealed that Ontario is the second most expensive province in Canada, falling just behind British Columbia. ![]()
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