Rising rent and food costs driving significant increase in Nova Scotia's living wage

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Rising rent and food costs driving significant increase in Nova Scotia's living wage
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HALIFAX — A report published Thursday says the rising costs of shelter and food in Nova Scotia have contributed to a large jump over the last year in what’s considered a living wage in the province.

The annual report by the Canadian Centre for Policy Alternatives-Nova Scotia says the living wage rates for 2023 range from a low of $22.85 per hour for Cape Breton residents to a high of $26.50 in Halifax. Last year, the rates stood at $20 per hour in Cape Breton and $23.50 in Halifax.

Living wages that reflect costs as of June of this year were listed as: $25.40 per hour for the Annapolis Valley; $25.05 for southern Nova Scotia; and $24.30 for the northern part of the province’s mainland. According to the centre, the living wage reflects how much a household with two full-time workers must earn to cover all of their necessities and enjoy a decent quality of life.

The report cites Canadian Mortgage and Housing Corporation statistics, which show rents went up in Nova Scotia by 8.3 per cent in 2022 and by seven per cent in the first half of this year. That’s following increases of 4.9 per cent in 2021, 3.9 per cent in 2020 and 3.7 per cent in 2019.

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