Cost Of Living In Canada Explained


It is quite clear why Canada is the range of destination choice for immigrants. It has a revolutionary government that upholds the tenets of democracy, ideal geography for hikers, sailors and skiers alike. If you’re among hundreds of thousands of Immigrants in love with Canada?s wealthy socio-cultural background, it’s far critical to know how similar or specific your finances may look over there hence, we want to educate you on the cost of living in Canada.

There are big variations within the value of residing in rural areas and fundamental towns. This article will guide you through about what you need to know, approximately the price of residing in Canada so that you are prepared to settle down in the country you love.

Cost Of Living In Canada Explained


How Expensive Is Canada?

Exchange expenses are one of the first issues to consider while including your budget. You also have to take into account the value of your home’s foreign money compared to Canadian dollars and how far it will take you.

Most alternative rate services increase the alternative rate to increase your income. This technique has a high price; you can make him think he’s getting an honest deal. Always use the currency converter to check the market exchange rate while you are converting your money.

It is not uncommon for Canada to indicate cash with the $dollar signal, which is occasionally written as C$ or CAN$ or CAD to differentiate it from alternative foreign dollar-based money.

The list below lists the values of Canadian dollars compared to some of the major currencies at the time of writing.

C$1000 ?662.31
C$1000 $763.04
C$100 ?583.70

Monthly living expenses in:


Large apartment: C$1700
A small apartment: C$1100
Student dormitory: C$600
Internet: C$41

A great apartment: C$1100
A small apartment: C$640
Student dormitory: C$550
Internet: C$38
Considering the cost of living, the other big financial attention is the salary you take home at the end of the month. Employers will also take into account the paid residency fee, depending on where you choose to settle.

Fortunately, the common wage in Canada has increased by 10-15% in the account since 2007. This is pretty high. Although wages differ between provinces and cities, the common wage for full-time or 30-hour work has been Can$44,366 since 2010.

Toronto Average Salary

Financial analyst: 52,067
Editor: C$35,130
Graphic designer: C$37,966
Product Manager: C$69,402
Receptionist: C$23,763
Teacher: C$40,439
Web Developer: C$43,663

Montreal average salary

Financial analyst: C$42,722
Editor: C$33,534
Graphic Designer: C$33,831
Product Manager: C$59,398
Receptionist: C$22,486
Teacher: C$37,889
Web Developer: C$42,015

Health care in Canada

Having a loose health system in Canada is one of the country’s fundamental attractions. This means that you do not pay a direct fee for any medical visits. The free aid system is funded by the country’s distinctive legal system.

The common man or woman will pay approximately C$4,222 a year, this may seem excessive to foreigners, but it is an honest treatment, considering the comparatively distinctive health system.

Transportation prices for Canada

Monthly Bus/Transportation Pass: C$95
Single-use bus ticket: C$3.15
Taxi 1KM: C1.85
Taxi 1hr: C$33.00
Food budget in Canada

Your likely meal budget to eat all your meals at restaurants that include tips and taxes are:

Breakfast: C$8-C$25
Lunch: C$8-C$25
Dinner: C$11-C$45

Canada is known as a world-class area to settle, you’ll be surprised to discover that the country is very cheap considering the quality of first-class life, cheaper than Europe’s top cities.

Wherever you choose to settle in Canada, I’m sure this guide has given you an idea of the cost of living in Canada. Best luck with your choice!