In 2009, the average Canadian household curbed spending by 0.3% to $71,117 during the 2008–2009 recession. This was the first year-over-year decline since these data were first collected in 1997. While overall spending fell, prices rose in 2009: the annual average inflation rate measured by the Consumer Price Index was 0.3%.
Households cut back on non-essential items or those that could be postponed, such as recreation and household furnishings. Spending on home repairs and maintenance, however, rose 22% in 2009, likely because of the federal government’s Home Renovation Tax Credit program.
Food, shelter and clothing took up the largest share of household budgets in 2009, accounting for 34% of the average household’s spending, while personal taxes represented 20% and transportation, 14%. The one-fifth of households with the lowest income spent nearly 52% of their budgets on food, shelter and clothing.
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