Background: "I miss when it was only 5/10/15%" in Victoria, BC

This phrase likely refers to lower percentages related to costs in Victoria, British Columbia. Residents, potential movers, and visitors often discuss increasing costs. This includes:

• Housing: Rent and home purchase prices have risen significantly in Victoria. "5/10/15%" could refer to smaller annual increases, or lower down payment percentages.
• Taxes: Property taxes, sales taxes, and income taxes can impact affordability. The phrase could reference historical tax rates.
• Goods and Services: The cost of groceries, transportation, and entertainment has increased in Victoria. "5/10/15%" might represent past inflation rates or percentage increases in specific services.
• Tipping: The standard expectation for tipping at restaurants and service businesses has risen. The phrase could refer to previously common tip percentages.

Victoria’s desirability as a place to live, combined with limited housing supply, contributes to rising costs. These increasing costs affect residents’ budgets, influence decisions about moving to Victoria, and impact visitor spending.