Cost Of Living Increase 2025 Ontario Calculator. The consumer price index measures the increase of the cost of basic products and services that canadians consume on a daily basis, such as: An inflation rate of 0.61% per year means $1 in 2024 is worth $1.01 in 2025.

$1 in 2024 is now equivalent to $1.01 in 2025. In ontario, the average housing price will increase to approximately $877,546, or an additional 2.4 per cent.