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RSS FeedsToronto continues to be the most expensive city in Canada for child care
(The Star Toronto Raptors)

 
 

12 december 2017 15:05:39

 
Toronto continues to be the most expensive city in Canada for child care
(The Star Toronto Raptors)
 


Daycare sticker shock is a harsh reality for Toronto parents, who pay the highest child-care fees in Canada, while families in Mississauga, Vaughan and Brampton are not far behind, according to a report being released Tuesday.And the costs just keep going up.Over the past three years, fees for preschoolers in Toronto have climbed faster than anywhere else in the country to a median of $1,212 a month, or $14,544 annually, according to the Canadian Centre for Policy Alternatives.Fees for this age group jumped by 21.4 per cent or $214 a month — almost six times faster than inflation — the centre says in its third annual report on the cost of licensed child care in Canada.In the rest of the country, fees for preschoolers, who make up the majority of kids in licensed child care, increased by 11 per cent during this time.Overall, fees have increased in 71 per cent of the country’s 28 biggest cities since last year and in 82 per cent of cities since 2014, when the centre first began tracking costs, the study adds.“Child-care fees in most of Canada are still outpacing inflation, and for many they were too expensive to begin with,” said David Macdonald, senior economist for the left-leaning think-tank.In Toronto, median monthly fees for infants are $1,758 a month and $1,354 for toddlers.Infants are defined as babies from birth to 18-months-old, toddlers range in age from 18-months to 2-1/2-years, while preschoolers are 2-1/2-years-old to kindergarten-age, which varies from age 4 in Ontario to 5 in most other provinces.Toronto parents Caroline Starr and Matt Reid pay an eye-popping $1,600 a month for their 3-year-old preschooler Charlie, which is more than the mortgage payments on their semi-detached home. At that price, the couple isn’t sure they can afford to have a second child, even though Charlie will be entering junior kindergarten next fall.“Child-care fees will definitely be a factor in what we decide to do in the next yea ...


 
22 viewsCategory: Sports > Ball Sports > Basketball > NBA > Toronto Raptors
 
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