Costs of a car owner in Canada are rapidly rising, in addition to tariffs – national

Having a vehicle in Canada becomes more expensive – in some cases you may increase by a faster rate and inflation in price faster than inflation.

Leger study for Turo CanadaA car-sharing company, a car sharing company, the average price for a car or truck has increased nine percent since last year, and experts will increase to the economic outlook.

Economists and financial analysts said US President Donald Trump violates tariffs for almost all countries and eventually sparks the sparks of the trade war Higher prices for consumers including cars and trucks.

Although Prime Minister Carney’s new government Most tariffs as much as possible, including the auto sector, it is a while before the prices reflect any progress.

Until then, the Canadians should expect the car property to have a further financial burden, as the value is higher.

According to the survey, the average Canadian spends $ 5,497 each year to own a vehicle, the highest $ 4,500 of the highest $ 4,500, which is the highest with Ontario. Moreover, one of the three respondents say the costs are more than $ 7,000 a year.

Those who own the vehicle said an average of 14 percent on the monthly net income was that the car went to the costs. Young drivers pay an average of $ 7.029 per year with more than 25 years and 44 years old, and more than 65 pay about 3728 dollars.

The size and revenues of the house, higher incomes and / or children usually have a role in one vehicle.

And it does not pay for the car itself only by financing or leasing,

“One of the greatest expenses is your fuel. Anyone else, we do not put the tires at a point, brakes, oil changes, the value of the vehicle,” said Canada Car Association

“There are also insurance costs and this number changes significantly“

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Then, if you finally want to buy or trade in your vehicle, d’arbelles notes the importance of a vehicle landmark over time.

“Depreciation, if you expect to sell your car … you know you are not able to sell it the same amount you buy,” he says.

“The owner and operation of your vehicle may be up to 50 percent.”

Those who have a vehicle already expected to face some rising costs In front of Trump’s tariffs.

The excessive majority of Canadians still believes to use a vehicle, and more than half of the survey respondents will need to change their jobs.

Alternatives, for example, public transit, taxi and walking services, as well as walking or riding a possible bike.

However, everyone has no options, especially those where there are more remote or suburban regions or where public transport is satisfactory.

Forty percent of respondents will have better transport options, so they want them to do not need any car.

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