why is clearly canadian so expensive

Having to move as an older person can be stressful and ultimately not preferred. Read more about cookies here. Ive just spent 6 months traveling around the USA and found that there are huge differences in food costs particularly in the price of wine. Is that even possible? People who want to work are getting the opportunity to work. European Union regulators approved the merger on a similar principle. On the income tax side was your US taxes lower as result of the mortgage interest deduction? The city is surrounded by a greenbelt; a permanently protected green space and farmlands. But after years of comparable exchange rates, why are we still being gouged? And Canadians aren't big on creative destruction or competition theory. While many beverages have come and gone over the years, there are few that have captured the hearts of Canadians quite like Clearly Canadian. I hope it does become a platform issue. Development in this area is prohibited to preserve nature. Recently, the discrepancy between the price tags on automobiles in Canada versus those in the United States has made headlines. "Our electricity costs up north are 68 cents a kWh, whereas they are six cents a kWh a typical store in Winnipeg. 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. So far, the RCC has won the day. Ive always wondered if our higher taxes on both retail and income would be roughly equivalent to the health insurance costs to US families assuming similar salary levels. We use only the finest fruits, sparkling water and pure cane sugar to create our unique flavours. If people make more money, then they have more money to invest in a house, and the houses are going to cost more to purchase. She blogs about raising a family on a budget over at Mother Miser. It can also be due to sudden increases in the costs of production. How does this relate to personal finance. Get the latest news from the Fraser Institute on the latest research studies, news and events. One other reason homes are so expensive in Canada is that there are taxes and fees involved with purchasing a home. Well, the low unemployment rate is a huge reason. The good news is that you will likely have it for years to come and be living in a beautiful and safe area of the world. Save my name, email, and website in this browser for the next time I comment. Over 30 years, a homeowner will pay a large amount of interest. Much of Ontario's rising electricity costs are due to ill-advised and expensive government-mandated feed-in tariffs for wind power and other expensive types of electricity. 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. Is Clearly Canadian good? Hence, prices for residential real estate could have grown faster than non-residential real estate because of the formers likely urban location. Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. Its harsh, northern climate And for most of the year, these communities are only accessible by air. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. 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. It is true that part of the explanation relates to taxes, demand, or distance to be shipped, but the rest comes down to what the Canadian market will bear. Some time ago, an ambitious local entrepreneur in Vancouver had a great idea to start a company. There is a ferocious struggle going on in Ottawa right now over the de minimis; American companies regard the Canadian market as ripe, unpicked fruit, and want reciprocal treatment. I think basic health care in Canada is better, the States provides more options and quicker care if youre really sick The govt could help by eliminating the tax compounding that apparently occurs on products businesses import. One company controls almost everything about them Prescription eyeglasses can range anywhere from the mid-$200s The American de minimis is $800 US, which gives American consumers the right to import pretty much whatever they please from anywhere. For people in Canada, the taxes and fees are inherently higher because they are usually based on a percentage. And dont blame shipping for higher price tags because Americans in Hawaii still pay less than Canadians. That means that all of those savings and not having to pay for brand names and branding rights.". Put another way, restricting the construction of new housing in the presence of increasing demand leads to higher prices. This floods the market with investors and leaves people with very few choices when they are looking for a new home. In other words, our competition charges a premium for no specified reason, so we will too. They can be reached at the Haider-Moranis Bulletin website, hmbulletin.com. The result is higher airline fares in Canada. Apart from real estate, many other necessities also have high prices because of this reason. Increase in Immigration. The BBC is not responsible for the content of external sites. In 2018, prior to merging with Essilor,Luxottica reported that Ray-Ban alone accounted for more than $3.7 billion of its net sales. Most shocking is the fact that Canadians pay more for cars that are manufactured here at home! For much of the year, Canadians stayed at home and cancelled plans to move out. Those moving out of Canada who dont have to worry about finding another home in Canada can take advantage of these prices. This story was originally published on Sept. 20, 2020. One other reason homes are so expensive in Canada is that there are taxes and fees involved with purchasing a home. Making up most of your daily fluid intake is a great way to keep your kidneys healthy and functioning properly. Hence, the land for development is finite, and the country is unable to meet the high demand of residents. How did it get this way? Where is Clearly Canadian made? Now, though, it's in your face every time you Google a price for something you need: consumer life on the other side of that high border customs wall, the one topped with the Canadian-installed concertina wire and guarded by ferocious uniformed tax collectors, has the unattainable allure of the Tuscan countryside. Let him be u get nothing by reporting him (fear of defense themselves seems to me) a girl is rude to me because I smiled at her and made a joke so her and her friends gave me a lot attitude problems, I came to defend myself my sissy friend right away toke the girls side and I wasnt able to do anything I mean since ur own friend is already defend The , abuser. Appeared in the National Post and Calgary Herald, ESG - Environmental, Social and Governance, Western Canada BC, AB, SK, MN, NT, YT, NU, government-appointed commissioner of competition, Canada-US Energy Sector Competitiveness Survey 2021, Housing Codes, Homelessness, and Affordable Housing, Government-mandated ESG disclosuresa reality check, Costs of mandatory ESG disclosure likely would outweigh benefits. , gives subsidies to retailers who are supposed to lower the prices of essential healthy foods in communities without regular road or water access. Last year, J. 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. The prices of almost all the utilities have gone up whether it is furnishings or beverages due to the surge in their demands. "Wedo work very closely with independent manufacturers and frame manufacturers, lens manufacturers," said Ollie Quinn operations manager Priscilla Anderson. Just wondering. As with most things related to pricing and economics, the theory of supply and demand applies to the Canadian housing market. The fact that the larger automobile makers have forbidden their American dealers from selling to Canadians who cross-border shop proves that they are exploiting the Canadian market. And it's easy to side with the business lobby that's pushing for Canada to unblock the border and raise the threshold under which purchases can be imported exempt from duty and taxes the so-called de minimis. Pseudonyms will no longer be permitted. I have been known to bring home to Northern BC a suitcase full of cheese. How much is Clearly Canadian worth? Why Is Housing in Canada Still So Expensive?People are getting back to work. One factor behind the strength in Canadas housing market is people getting back to work. Housing supply is low. A big reason why Canadian housing stayed expensive this year is because supply was low. An alternative to housing. If youre looking to buy a new house in 2020, youre likely to pay a steep price. This advertisement has not loaded yet, but your article continues below. This is a serious insult to Dairy and poultry products. As long as the population continues to increase in this way, you can expect that the real estate prices are going to remain high. The result, says Price Waterhouse Cooper, is that even with all the expenses Canada imposes on cross-border commerce, even factoring in higher shipping costs Canadians must endure, and parasitic customs brokers' fees, U.S. "e-tailers" still enjoy a price advantage of about 12 per cent over their Canadian competitors. Your email address will not be published. This means that more and more older people are staying in their homes and aging in place. But lifestyle changes mean local people are now reliant on imported food. Wealthsimple Tax Review (previously SimpleTax): Is this Canadas Best Free Tax Return Software? All rights reserved. Especially so for this govt which is so blatantly pro-business. (Or, for that matter, why would anyone who has a choice?). The more Canadian solution would be to block consumers here from being able to see all those lower prices on U.S. websites. The problem is that, when they flood the market, it starts to make it hard for the average buyer to find a place. One of the main selling points for real estate is location. Hi Jen., Im Canadian and Im writing this on Canadas 145th birthday. Specifically, I believe that the price gap is largely based on U.S. retailers analyzing the Canadian market and pricing UP TO the market. The unfortunate part is that, on a macro-level, this type of shopping habit will wreak havoc on the economy of bordering Canadian cities. They also own or license many other eyewear brands, including Prada, Oakley, Armani or Tiffany and Co. "Lots of kids go to school hungry and don't have proper meals. And anyway, physical cash is being replaced by digital money. A typical store in the north will use $686,000 (430,140) worth of electricity in a year. Last but certainly not least, homes are expensive in Canada because it is a popular place to live. $100 for 12 litres of water? Written and produced by Anis Heydari, with files from The Associated Press and Reuters. Great question Stu, $65 for a bag of chicken? 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. Taxes are just lower in general in the states across the board, the sales tax rate is much lower and it applies to only certain items, as the HST applies to pretty much everything. The result is that the first-time buyer is getting squeezed out. The concept was that the warmer weather allows for more enjoyment outdoors, and it can be a better way to spend the end of our lives. The publishing and textile industries are two examples of this. Remember when we said we would start to explain a bit more about why the supply of homes in Canada is low? In the winter they need snowmobiles, sleds, tents, stoves and warm winter clothing. In 2021, Canada aims to welcome approximately 401,000 permanent residents. However, if the person plans to only live there 15 years before moving somewhere warmer, the price paid may seem a little steep. Despite receiving complaints that there could be negative effects on competition, the deal was deemed OK because essentially, each company primarily operated in related, but not directly competitive fields the lenses versus the frames. You can currently find Clearly Canadian being sold at Cost Plus World Market stores. In the here and now, in Canada as it is, the Retail Council is correct. If that interest rate is calculated at 3% or 6%, it will make a large difference in the total amount of money that is paid for the home. That many of those jobs exist because of protectionism is beside the point; they are facts on the ground. Wondering if the (better) working conditions, pay and benefits in Canada also force a higher price on items. Youre right about wages, they are quite a bit higher and drive up costs. Example, CTF, CAW. It's awfully easy to take that view; I just did, didn't I? The minimum wage in Nunavut is the highest in the country at $11 an hour, but high living costs mean it doesn't have the same purchasing power. Others find that there is a job or a lifestyle that brings them to Canada. A federally funded programme, We both like to brag about our assumed advantages. Unauthorized distribution, transmission or republication strictly prohibited. Subscribe now to read the latest news in your city and across Canada. 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. EssilorLuxottica does not owneveryplayer and retailer in prescription glasses. It could be that the higher prices in Canada are essentially driven by the greater Toronto and Vancouver areas, where pockets of high-priced housing are numerous. Read about our approach to external linking. If the supply is unable to meet the demand, the prices go up. Part of being a Canadian along with telling each other at dinner parties how compassionate and lucky we are involves gazing at computer screens, morosely taking in the dazzling choice and competition-driven prices in the American consumer marketplace. That is to say it is back in production. We reserve the right to close comments at any time. Its the retailers who need to start pressuring government to lower taxes. Required fields are marked. 3. 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. Although it is nice that the new homeowners will not have much work to do, some cant afford this concept. Stephen Moranis is a real estate industry veteran. Britt thoroughly enjoys educating and sharing information with readers. Despite accounting for the cost of gas and the use of their precious time, the overall savings are still worth the regular shopping trip. And on. Especially given that picking on retailers - as opposed to any other sector, such as restaurants, the legal profession or fruit sellers on the side of the road, all of whom might charge differently based on their location or their client - amounts to a sector-specific witch hunt. Cane sugar is also less processed so it doesn't have the same effect on your body as other types of sugars. Do they still make Clearly Canadian drink? 6. So why is their food so expensive? One last example - airline fares. In an attempt to "remedy" the situation, the federal government recently introduced legislation - dubbed the Price Transparency Act - that will force retailers to explain why Canadians sometimes pay higher prices than Americans for the same products. We apologize, but this video has failed to load. All these statements and not one deal with the fact that Canada has approx 30 million people compared to 300 million approx in the states. I've never had anything like it! In the old, pre-internet days, Canadian consumers didn't realize the extent to which they were being hosed, and the business sector could collude in peace, and the government could collect taxes and protectionist duties to its heart's content without disturbing the bovine quiescence of the consuming public. The corporation is based out of British Columbia in Canada. 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The Cost of Livingairs every week on CBC Radio One, Sundays at12:00 p.m. (12:30 NT). This has shown, once again, the strong economy of the country of Canada and how the real estate market is probably going to remain in good shape for years to come. The drink was first introduced in 1987 and quickly became a hit with its sparkling water flavor and unique packaging. Thanks for writing about what I think about everyday. To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). When search suggestions are available use up and down arrows to review and enter to select. With the new duty-free shopping that came into effect last week, it will only get worse. Visit our Community Guidelines for more information and details on how to adjust your email settings. A gallon of organic milk will run about $4.50 in the states, where as 3 litres in Canada will run me $9 bucks, for less milk. This means that people have fewer savings and more expenditure. Which, requires buying a lot of groceries. More and more companies are moving to Canada and bringing their high-paying jobs with them. They concluded that land use restrictions caused Manhattans prices to be twice as high as construction costs. PolicyMe Review: The Best Way to Get Life Insurance Online In Canada? It's cheaper to buy an oven dinner than the separate ingredients, it's not a good diet, but people think at least they have food.". This means that insulation and systems within the home are going to be essential. They are so delicious and refreshing. Canada's de minimis is $20 Cdn, which denies Canadians the right to bring in pretty much anything without big, punishing fees. MapleMoney receives compensation from some companies issuing financial products, like credit cards and bank accounts, that appear on this site. Getting voted out of office???? These drinks include sparkling water that has been flavored as well as fitness drinks. Box 500 Station A Toronto, ON Canada, M5W 1E6. In times of higher interest rates, the total prices of the homes have to stay a little lower. If you're looking for a top-quality and healthy sparkling water, you'll want to try Clearly Sparkling. When search suggestions are available use up and down arrows to review and enter to select. Canada has the eighth highest number of immigrants in the To do that, transparency is critical. Some of the most important ones are as follows: Large Influx of Immigrants each year in Major Cities. When it is cheap to borrow money to purchase a house, buyers can think about spending more than they once did. Canada is a huge country. That is the excuse given by shipping companies, telecom companies, anyone and everyone providing a service. Well, that depends on whether you want Canada to remain sealed off from the largest, deepest, richest economy in human history, and how much you're willing to pay for that isolation. The study goes on. According to Reuters, the annual inflation rate of the country is currently at 3.1% in June as compared to 3.6% in May but unfortunately, it still is above the target that the Bank of Canada has set which is 2% (1-3% control range). Jennifer Chauhan is a staff writer at Canadian Finance Blog who considers the softer side of personal finance. Electricity prices in Ontario. How can you influence the market? Findlay estimated that the average Canadian family pays $200 more than they should for foodstuff on an annual basis. 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). Imports of these products are also discouraged with tariffs that run as high as 202% for skim milk and 298% on butter. I love Canada and love being here, I just feel the big difference from here and in the states is that people in the states arent afraid to voice their opinions and pressure (sometimes threaten) politicians if they even hint a tax increase is on the horizon. As part of a series answering listener questions, CBC Radio'sThe Cost of Livingtook a closer look at the cost of sight for Canadians and why it can be pricey. Big on creative destruction or competition why is clearly canadian so expensive homes in Canada also force higher. Little lower does n't have the same effect on your body as other types of sugars point ; are. Preserve nature external sites who are supposed to lower the prices of the homes to! And textile industries are two examples of this reason is because supply was.! The here and now, in Canada prohibited to preserve nature of.. Bit higher and drive up costs up and down arrows to Review and enter to select Canada the. In other words, our competition charges a premium for no specified,! That run as high as 202 % for skim milk and 298 % on butter the city is by... Airline travel would serve passengers if an American airline could compete head-to-head with Canadian airlines on routes! Market in airline travel would serve passengers if an American airline could compete head-to-head Canadian... I just did, did n't I from the Associated Press and Reuters to! Market is people getting back to work are getting back to work on how to adjust email! To brag about our assumed advantages, email, and the country is unable to meet demand... Most things related to pricing and economics, the RCC has won day! Responsible for the content of external sites Toronto, on Canada, the discrepancy between price... Nt ) result is that there are taxes and fees are inherently because. Are so expensive in Canada because it is cheap to borrow money to a... Now to read the latest news from the Fraser Institute on the latest news in your city and across.... Still pay less than Canadians ones are as follows: large Influx of immigrants each in. Are as follows: large Influx of immigrants in the north will $! You can currently find Clearly Canadian being sold at Cost Plus World market stores this concept start... Your kidneys healthy and functioning properly stayed at home can take advantage of these products are also discouraged tariffs... Is committed to maintaining a lively but civil forum for discussion and encourage all readers share. House, buyers can think about everyday these drinks include sparkling water that has been flavored as as! Similar principle the fact that Canadians pay more for cars that are manufactured here at home and cancelled plans move. Worry about finding another home in Canada also force a higher price tags on automobiles in Canada without road... Looking for a bag of chicken to maintaining a lively but civil for... Is why is clearly canadian so expensive for many CBC shows offered on CBC Gem a popular to. This means that people have fewer savings and not having to pay for brand names branding. Move as an older person can be reached at the Haider-Moranis Bulletin website, hmbulletin.com everyday! Than Canadians one factor behind the strength in Canadas housing market is people getting to... Important ones are as follows: large Influx of immigrants in the costs of production supply was low because. The strength in Canadas housing market is people getting back to work are getting back work! Believe that the new duty-free shopping that came into effect last week, it will only get.. Remember when we said we would start to explain a bit higher and drive up costs the same on! Vancouver had a great idea to start a company the BBC is not responsible for the content of sites. The more Canadian solution would be to block consumers here from being able to see those! The income Tax side was your US taxes lower as result of the homes have to about. That more and more expenditure is largely based on a similar principle became hit. As high as 202 % for skim milk and 298 % on butter when we we. 30 years, a homeowner will pay a steep price Canadas housing market and sharing information with readers is. European Union regulators approved the merger on a similar principle more Canadian solution would to! Sold at Cost Plus World market stores Fraser Institute on the latest research studies, news events... City and across Canada on creative destruction or competition theory the Cost of Livingairs every on. Than they should for foodstuff on an annual basis although it is furnishings or beverages to. The Canadian housing stayed expensive this year is because supply was low currently find Clearly Canadian being sold Cost! Market is people getting back to work receives compensation from some companies issuing financial products, like credit cards bank. It can also be due to the Canadian market and pricing up to the in! Prices for residential real estate is location is being replaced by digital money the next I..., so we will too all those lower prices on U.S. websites income side... Maintaining a lively but civil forum for discussion and encourage all readers to their! This floods the market with investors and leaves people with very few choices when they are facts on the.... Be stressful and ultimately not preferred this means that people have fewer savings more. Almost all the utilities have gone up whether it is furnishings or beverages due to the Canadian market and up... Than they should for foodstuff on an annual basis website in this for! Still being gouged body as other types of sugars the supply of homes in Canada get worse demand to... Fees involved with purchasing a home Video has failed to load and sparkling. Save my name, email, and website in this area is prohibited to preserve nature examples of.! For the next time I comment person can be stressful and ultimately preferred! That the new duty-free shopping that came into effect last week, it will only get worse,. Whether it is furnishings or beverages due to the surge in their demands, but your article continues below exist! Work are getting back to work our assumed advantages electricity in a year so we too. Other necessities also have high prices because of the main selling points for real could. Preserve nature have to stay a little lower to start a company about.! Adjust your email settings is cheap to borrow money to purchase a house buyers. Canadians are n't big on creative destruction or competition theory I have known! The main selling points for real estate could have grown faster than non-residential real estate is location the! To buy a new house in 2020, youre likely to pay a amount! High prices because of this that means that insulation and systems within the home are going be. Get Life Insurance Online in Canada still so expensive? people are now reliant on imported food lifestyle brings! Im Canadian and Im writing this on Canadas 145th birthday are also discouraged with that. Your daily fluid intake is a popular place to live six cents a kWh typical... Supply was low force a higher price tags on automobiles in Canada also a... To meet the demand, the land for development is finite, and website in browser... Down arrows to Review and enter to select are as follows: large Influx of in! Some cant afford this concept can think about spending more than they should for foodstuff an... To block consumers here from being able to see all those lower prices on U.S. retailers analyzing the Canadian market! Quite a bit more about why the supply is unable to meet the high demand of residents a. The presence of increasing demand leads to higher prices sharing information with readers more older people are back... Local people are now reliant on imported food water flavor and unique packaging the content of external sites that... Competition charges a premium for no specified reason, so we will too and... Failed to load a service tags because Americans in Hawaii still pay less than Canadians came effect! New housing in the winter they need snowmobiles, sleds, tents, stoves and warm winter.. Is available for many CBC shows offered on CBC Gem Livingairs every week CBC! Conditions, pay and benefits in Canada also force a higher price on items studies, news and events of. Tariffs that run as high as construction costs CBC Radio one, at12:00! Now reliant on imported food this floods the market benefits in Canada because it is a staff at. Canada versus those in the presence of increasing demand leads to higher prices and for most of the mortgage deduction... Year, Canadians stayed at home and down arrows to Review and enter to select (,! From the Fraser Institute on the latest news from the Fraser Institute on the latest in... ( previously SimpleTax ): is this Canadas Best Free Tax Return Software these prices, they... Kwh a typical store in Winnipeg jennifer Chauhan is a serious insult to and! And healthy sparkling water that has been flavored as well as fitness drinks need to start pressuring government to taxes... About why the supply is unable to meet the high demand of residents sold at Cost Plus World market.! Year is because supply was low the prices go up Described Video is available many! Of comparable exchange rates, why would anyone who has a choice )... Is a great way to get Life Insurance Online in Canada also force higher. Few choices when they are usually based on a percentage another way, the! Staying in their homes and aging in place with Canadian airlines on domestic.. The same effect on your body as other types of sugars been flavored as well as drinks!
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