(RICHMOND HILL, ON) – Operating a vehicle in Canada became more expensive in 2017, according to consumer price index measures. Much of this change was due to the increasing cost of gasoline across Canada, the CPI for which increased 11.8% between 2016 and 2017.
Furthermore, the cost of registration fees increased 4%, parking fees increased 2.3%, insurance premiums increased 2%, maintenance and repair services increased 1.8%, and parts/accessories costs increased 1.5%.
The CPI for driver’s licenses remained unchanged between 2016 and 2017. The cost of all other passenger vehicle operating expenses decreased 1.1%, but this was not enough to offset the rising costs among all of the aforementioned categories.
This increase followed two years of declines; the overall CPI decreased 1.8% by the end of 2016 and decreased 7.1% by the end of 2015. Prior to this, only a marginal increase of 0.9% was recorded by the end of 2014 and 0.4% by the end of 2013.