It’s mid-November, which means many Canadians have swapped summer tires for winter tires on their vehicles. If you haven’t, either get that appointment booked at your local garage (they book up fast!) or haul out the tools if you’re doing it yourself (don’t procrastinate!).
Although the inflation rate, which includes prices for parts and maintenance, has decreased over the past two years (no, we’re not talking about proper air pressure), prices are continuing to increase.
In September 2024, prices for passenger vehicle parts, accessories and supplies (including tires and installation) increased 1.5% from one year earlier.
Missing a drill bit, jack stand, or need to buy a new jack for your DIY swap? Prices for household tools (including lawn, garden and snow removal equipment) were also up 1.5% over the same period.
Billions worth of rubber
In the fourth quarter of 2023, Canadian retailers sold nearly $2.8 billion of new motor vehicle tires. Tire sales have generally been highest in the fourth quarter, coinciding with the seasonal swap to winter tires.
It’s the law
In British Columbia, winter tires or tire chains are mandatory on several designated routes from October 1 until either March 31 or April 30. Cities and municipalities may have their own bylaws or rules.
In Quebec, winter tires are mandatory province-wide from December 1 to March 15.
However, winter tires are always recommended no matter where you live in Canada. Drive safely this winter, Canada!
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