2024 Cost Of Living Increase Ontario 2024. If we look at history, cost of living became 3.4% in 2021 and 6.8% in 2022. Ontario is increasing its minimum wage to $17.20 an hour on oct.
That’s a 3.9 per cent increase from the current level of $16.55 per hour, the province said. Ontario’s allotment of new visas was cut in half, and the province indicated in the 2024 budget that losses for the college sector, whose finances show up on the.