NightOwl

Food price increases driven by inflation were not isolated to Canada, but other countries handled this issue very differently.

Bester said the way the Mexican government handled major grocers in their country was more direct, and prevented prices on groceries from increasing as drastically as they did in Canada.

Last year, Mexico's government signed an agreement to control the price of a number of "basic" foods

24 items in the "bread basket" including pasteurised whole milk, basic cornflour, packaged bread, whole chicken, rice, vegetable oil, and canned sardines, set at a maximum price to 910 pesos (about $60CAN). Major retailers, including Walmart, agreed to the terms.

"The government really took more of a carrot and a stick approach to freezing the prices of a basket of goods, bringing grocers in and saying, basically, 'this is the way it's going to be,'" Bester said.

Macdonald noted that the UK also approached grocery price increases differently than Canada.

"They brought the big grocery stores together to offer sort of a set of basic products at lower prices for a kind of house brand," Macdonald said. "You've got the cheap bread for a certain set amount, the cheap eggs for a certain set amount, that sort of thing."

In 2023, Canada’s big grocery chains exceeded $6 billion in profits — an increase of eight per cent from the previous year, according to the Centre for Future Work. The data found food retailers are now making more than twice as much profit as they did before the COVID-19 pandemic.

Butler said there’s been “severe overbuilding” in the Toronto condo market for a number of years, specifically when it comes to smaller units.

“The tiniest of tiny condos,” Butler said. “It’s weird that in a country like Canada where there’s been a consistent housing crisis for the last 10 years that if you build a very bad product, people won’t take it, it’s as simple as that.”

Butler said many of the unsold condos on the market today are ones designed for investors or real estate speculators and are not practical for most families.

“They are roughly the size of large hotel room, only meant to be rented out, and there’s been simply a massive overbuilding of non-family units,” he said, noting that many of the condos for sale in Toronto currently are 500-square-feet or less.

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