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Canada is known exquisitely for its marvellous natural landscape, amazing standard of living, and warm hospitality. Bordered by the United States, it is the world’s second-largest country. The diverse culture and excellent facilities attract many students and working-class people from across the globe.
It is also home to many top-notch colleges, such as the University of Toronto, the University of Alberta, and the University of British Columbia, which offer excellent education to their students.
So, before you move, it's essential to know the cost of living in Canada and all the expected costs. Continue reading to learn more relevant details.
The education system in Canada is to brag as it consists of quality yet affordable education and excellent globally recognised colleges that offer excellent education.
Below is a breakdown of the typical living costs for international students in Canada:
Understanding the average cost of living in Canada helps with financial planning, especially if you want to settle in Canada with your spouse or children.
The table below will help you plan your finances accordingly:
Here is an overview of the average cost of living in some of the top cities in Canada:
Several factors influence the cost of living in Canada:
Cities like Vancouver and Toronto are expensive as the standard of living is also relatively high. Besides that, Canada is a safe country, and the good standard of living attracts many people and students every year.
Expenses on food and entertainment are major areas that can be kept in check, as there are many free fun activities you can do that do not cost money.
Living expenses in Canada can get a little high as the standard of living is generally higher. This is why most international students find part-time jobs to afford reasonable accommodations in Canada.
Public transportation is relatively cheap, and you can save money by riding a bike or taking a public bus. You can also walk around to explore places, as that is also quite safe.
Prices for food and other necessities may differ from place to place. Exported products are usually more expensive than locally produced ones.
The income needed to live comfortably in Canada varies based on individual circumstances:
The table below mentions some of the highest-paying jobs in Canada, along with their salaries:
Canada is known for its excellent quality of living, offering multiple benefits to people looking to settle there. Due to the higher standard of living, it can get a little more expensive if you are looking to live comfortably there, especially in main cities like Vancouver and Toronto.
Below is a comparison of living costs between Canada and other major cities:
Here are some tips to help reduce the average cost of living in Canada:
Among students and bachelors, sharing an apartment with others can drastically lower rent prices.
Canada offers relatively cheap public transport that can be utilised while travelling across the city. Additionally, you can cycle or walk to many places to save quite an amount.
Buying foods and groceries from local markets can be cheaper than the supermarkets. You also share groceries with your flatmates to further reduce costs.
When you decide to leave the apartment or flat, make sure to switch off all the electrical appliances. Try keeping windows open during summer for natural air inflow to reduce air conditioning usage.
Preparing your meals at home is cheaper than eating out. To save some extra money, try limiting takeout and eating at restaurants.
Canada offers many budget-friendly leisure activities, such as visiting parks and museums (which offer free entry on certain days).
Canada offers a range of entertainment options for bachelors, couples, and families, but you need to use these smartly to ensure that you have fun while staying within budget. Though Canada is moderately expensive, there are many ways to save money and enjoy the city while you are there.
This article provides all the necessary information about the average cost of living in Canada so that you can make informed decisions and manage your expenses effectively.
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