this post was submitted on 12 Dec 2025
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[–] panda_abyss@lemmy.ca 27 points 2 days ago* (last edited 2 days ago)

It’s not great.

The median mortgage payment is over 50% of the median income, which historically should be 30%. Houses are over 60%. But the numbers are getting better than their 2023 records highs.

Our biggest grocers were fixing bread prices for over a decade and were only given a slap in the wrist. People can ask for a $20 rebate.

Almost all of our grocery stores are owned by 3 companies (Loblaws, Metro, and Sobeys (made up of former Loblaws employees)). 3 companies own almost all our phone providers, so they gouge prices too.

You can really see a trend — we seem to concentrate all our industries into 3 or so companies and the competition bureau thinks that’s fine. Historically I think that’s because we were a colony and got too used to being exploited and having our wealth shipped off.