canada unconscionability
Does material usury exist in Canada?
<p>Is material usury in Canada prohibited by law?</p>
<p>Having a European background, I know that material usury in Europe is prohibited if the price is more than two times the average price, and there is a critical situation or some kind of abuse (like overcharging foreigners). While having to pay hundreds of Euros to get a replacement for a lost apartment key (critical) would apply to this criterion, getting a cheap collectors edition of something of course not (not critical).</p>
<p>I was wondering whether the same applies to Canada, yet I was only able to find usury prohibition laws in connection with interest rates.</p>

<h2>Not under that name</h2>
<p>In common law countries, like Canada, the concept is known by the delightfully visceral term price gouging or, in emergency circumstances, profiteering.</p>
<p>This is not regulated at a Federal level in Canada. A brief overview of provincial level laws can be found <a href="https://www.competitionchronicle.com/2020/07/price-gouging-prohibitions-across-canada/" rel="nofollow noreferrer">here</a>.</p>
<p>Typically, they require prices that are not just excessive - they need to be unconscionable which is a very high bar.</p>
