2024 Cost Of Living Increase Ontario 2024.  — the last 18 months have been defined by a cost of living crisis and a slowing economy.  — and there already are 620 ontario employers paying a living wage, which for toronto is calculated at $25.05 per hour, compared with the ontario minimum wage.

 — below, i’ll break down the average cost of living in ontario by explaining the consumer price index and common costs for housing, food, insurance,. Exploring shrinkflation in the consumer price index.