4 price hikes that are unfortunately real and not April Fools' Day jokes

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Beginning April 1, 2014, the cost of living has just gone up for residents across British Columbia.

These four hikes are just the tip of the iceberg for British Columbians, and residents can anticipate even more hikes through Medical Service Plans, ICBC insurance plans, and post-secondary tuition.

1. Canada Post

Thinking of mailing out a letter or a card to your loved one? The cost of sending out mail both domestically and internationally will now be costing your pocket more. Canada Post announced their largest rate increase for a stamp from 63 cents to a dollar.

The volume of letter mail has gone down since 2007, and residents are now increasingly turning to e-mail and other alternatives.

Canada Post phase out home delivery
Image: Canada Post

2. BC Hydro

BC Hydro has announced that a 9 per cent increase will be in effect starting today, when the average household will begin to pay $8 more each month. This increase is the first of the five year hike that is set to total 28 per cent over the course of this duration.

BC Hydro Smart Meter
Image: BC Hydro

3. BC Ferries

Residents may think twice when considering a family trip to the island. The BC Ministry of Transportation announced that hikes are directly linked to increased operating costs such as fuel, capital replacement and labour.

A four per cent increase will be in place for vehicles and passengers, but those aged 65 and over will be able to still get on board for free.

The NDP has accused Clark’s Liberal government of making it difficult for residents to afford the basic necessities needed to run a household.

bc ferries
Image: BC Ferries

4. Medical Marijuana

Medical marijuana users may face a difficult dilemma: they can pay for the weed they need or to go under the table and acquire it illegally. The federal government has announced to increase the cost of medicinal marijuana from $5 to $8 per gram.

Marijuana pot / Shutterstock
Image: Marijuana via Shutterstock

 

Feature image: Paul Vasarhelyi

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Roshini Sakhrani Editorial Intern at Vancity Buzz
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