As Canadians continue to struggle with the cost of living, one yoga studio hopes its new membership-pay model will provide some relief to those juggling their finances.
The studio, which has been open for just under a year, is changing the way it does business and has more options to allow people to continue working out as the cost of living increases. A report released by Statistics Canada earlier this year found that six in 10 or 63 percent of Canadians from low-income households are concerned about the impact of inflation.The United Way of Simcoe-Muskoka’s annual report for 2022 to 2023 found that a record number of community members reached out to access their Urgent Feeds fund. The report, released in July, found that the local United Way branch helped 1,578 individuals and families with financial assistance during a crisis.
Griffiths says those who pay the increased rate or something in between make it possible for people who need to spend less or go on a sliding scale pay model.While she is confident they are the only business in the area doing this, Griffiths says the original idea is based on what they have seen at other studios in Toronto and New York. They will work with clients on a case-by-case basis to set a rate that works within their income.