Minimum Wage Increase – 2022 Edition
There are many inflationary pressures facing Strata Corporations as we exit the most acute phase of the pandemic. As we have been writing about, costs continue to soar for Strata Corporations- materials, services (such as insurance) and labour are all seeing dramatic increases.
Most notably, the minimum wage in BC is set to increase once again on June 1, 2022 to $15.20 (currently $14.60). This should be accounted for in your upcoming budgets, as it will impact most services you receive.
You can read more about the minimum wage increase at the Province’s website.
For those of you with Resident Caretakers, please pay special attention to the section on minimum wage for that special class of workers.