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The Cost of Living in Canada
Step into the land of opportunity and thrive! When you come to Canada, you’ll soon find that the cost of living in Canada is considerably lower than in Europe and may even rival that of your home country when compared to your earning potential.
Cost of Living In Canada In 2023
Enter the opportunity-filled land and prosper here! When compared to your earning potential, you’ll quickly discover that Canada’s cost of living is significantly lower than that of Europe and may even be on pace with your native nation. Please be aware that while there are considerable variances in salaries between cities, provinces, and economic sectors, the cost of living in Canada as a whole is generally cheap. Most families in Canada are expected to spend between CAD 55,000 and CAD 65,000 yearly on living expenditures.
speak with a Regulated Canadian Immigration Consultant who can assist you in comprehending all aspects of life in Canada and put you on the right track for your immigration if you want to learn what the cost of living would be in the region of Canada you’re in or ensure you’re in a strong position to find a job to finance all of your expenses.
Housing Prices
Do you need a place to stay? The costs associated with searching for suitable housing that meets your needs and lifestyle are estimated here.
Apartment | CAD |
Price per Square Meter to Buy Apartment in City Centres | 8,894.58 (buying) |
Price per Square Meter to Buy Apartment Outside of Centres | 6,615.57 (buying) |
Apartment (1 bedroom) in City Centres | 1,585.81 (per month) |
Apartment (1 bedroom) Outside of Centres | 1,341.31 (per month) |
Apartment (3 bedrooms) in City Centres | 2,593.26 (per month) |
Apartment (3 bedrooms) Outside of Centres | 2,250.14 (per month) |
Groceries
Everything in this relates to how much bread costs! We have developed a list of the basic grocery goods you will need to thrive in your new environment, along with an estimate of how much you would pay for each item.
Groceries | CAD |
Milk (1 liter) | 2.56 |
Loaf of bread (500g) | 3.21 |
Rice (1kg) | 5.12 |
Eggs (12) | 4.00 |
Cheese (1kg) | 13.66 |
Apples (1kg) | 4.83 |
Potato (1kg) | 3.19 |
Water (1.5 liter bottle) | 2.43 |
Cigarettes 20 pack(Marlboro) | 15.90 |
Restaurant
Too occupied to cook? The approximate cost of a regular fast-food or restaurant meal is shown below.
Dining Out | CAD |
Meal for one (inexpensive restaurant) | 19.00 |
Meal for two (mid-range restaurant, three-course) | 86.00 |
Combo Meal at McDonalds (or Equivalent) | 11.90 |
Cappuccino (regular) | 4.73 |
Coke/Pepsi (bottle 330ml) | 2.52 |
Water (bottle 330ml) | 2.10 |
Utilities
Be sure to stay in touch with your family back home. You can skype with utilities frequently because they are accessible and affordable. You can stay connected because mobile-to-mobile calls are also not too expensive.
Utilities | CAD |
Basics (water, electricity, garbage, heating, cooling) | 182.47 |
Prepaid mobile tariff local/ minute | 0.33 |
Internet- cable or ADSL | 82.83 |
Transportation Fees
You will need transportation if you want to see Canada’s incredible tourist sites and some of its most scenic locations. The transportation tariffs are as follows:
Transportation | CAD |
One-side ticket in local transportation | 3.25 |
Monthly pass in local transports | 100.00 |
Taxi Start (normal tariff) | 4.00 |
Taxi per 1km (normal tariff) | 2.00 |
Taxi 1-hour waiting (normal tariff) | 34.00 |
Gasoline (1 liter) | 1.87 |
Costs of Clothes
What better method to adapt your body as it changes and grows into different shapes and sizes than by purchasing clothing? These are Canada’s standard clothing prices:
Clothing | CAD |
A pair of jeans | 68.31 |
Single summer dress | 47.05 |
Branded running shoes (mid-range, one pair) | 107.10 |
One pair of men’s leather business shoes | 133.42 |
Childcare
Why wouldn’t you like to raise and educate your kids in Canada, which now boasts the finest quality of life in the world? Nowadays, the education system in Canada is regarded as one of the greatest in the world.
Childcare | CAD |
Private Preschool or Kindergarten ( one child/ per month cost) | 1,092.36 |
International Primary School (one child/ annum cost) | 17,491.54 |
You could be interested in moving to Canada if you think the way of life there is something you’d like to experience. Foreigners are warmly welcomed in Canada. By 2025, they have promised to welcome over 500,000 newcomers annually, and with more than 1 million employment openings nationwide, there are plenty of chances to begin an amazing new life in Canada.
As a result, Canada offers more than 100 immigration and visa programs to assist foreigners in settling there. Knowing the proper technique is essential if you want to take the first step on your trek to the Great White North.
Our RCICs can help you with this process by assessing you to choose the best program for you, editing your CV to meet Canadian standards, completing your application paperwork, and giving you the support and direction you require at each stage.
Budgeting in Canada: A Guide
The next step is to budget wisely so that you can choose the kind of living you can enjoy in Canada now that you possess an idea of what your living expenses in that country would be like. Effective budgeting can help you save money on unnecessary expenses, enabling you to pay for the elements of Canadian life that are most important to you.
The most crucial considerations for most people when creating a budget are:
- Accommodation
- Food and utility
- Transportation
- Trading & Banking
- Taxes
The Best Way to Manage Your Money in Canada
There are a few financial factors to think about when you enter Canada, provided that you can budget well and are aware of what your living expenditures would be there. For instance, it’s essential to your daily life to understand how to open a bank account in Canada, send money abroad, pay your taxes, invest, and operate Canada’s numerous financial institutions. As you start your move to Canada, having even a fundamental understanding of Canada’s financial systems and how they operate can be a huge advantage.
FAQS
What is the Canadian Average Salary?
While average incomes vary from province to province in Canada, the current national average is $54,630 per year. These average incomes by profession are listed below.
Occupation | Annual salary in CAD |
Accounting, Administration & Human Resources | 54,874 |
Architecture & Creative Arts | 48,581 |
Banking, Finance & Insurance | 59,168 |
Childcare & Education | 59,343 |
Construction & Maintenance | 54,927 |
Engineering | 83,907 |
Food Services | 40,326 |
Healthcare, Pharmaceutical & Social Services | 100,864 |
Hospitality & Travel | 54,324 |
Information Technology | 72,147 |
Journalism & Translation | 47,441 |
Law Enforcement & Security | 51,030 |
Legal | 69,192 |
Marketing & Sales | 63,799 |
Retail, Cosmetics & Customer Service | 40,415 |
Science | 73,313 |
Shipping, Manufacturing & Transportation | 44,760 |
Can Anyone Live In Canada On Minimum Wage?
Canada’s current minimum wage is believed to be $15.55 per hour, while each province sets its own. Although you could make ends meet on this, especially in pricey areas like Vancouver and Toronto, you would not be able to comfortably live on it.
Is America More Affordable Than Canada?
In general, Canada is less expensive than its neighbour. However, given the daily fluctuations in product pricing, it is difficult to compare the two nations.
Start your journey to Canada right away!
Living in Canada has many advantages that shouldn’t be passed up. Don’t even begin to mention the beautiful scenery and varied provinces. Don’t deprive yourself of the opportunity to experience this wonderful nation!
If you believe that Canada is the greatest destination for you, click the button below to speak with an RCIC from the best Canada Immigration Global Firm, and find out how to best begin your Canadian journey right away.