Cost of living in Canada

Canada Cost of living

Canada has been ranked as one of the top places to live in the world according to the United Nations and the Economist Intelligence Unit. In a recent survey Toronto was named the fourth most attractive city in the world. Vancouver, Victoria and Montreal are some of the most popular cities of the country. Canada is known for several factors including education and technology, quality of life, ease of doing business, health and safety, economic clout, and transport. Hence, whenever anyone wishes to migrate to Canada for any given purpose the first and foremost thing to be taken into consideration is “Cost of living in Canada”.

No doubt Canada is an expensive country as compared to India but when compared with other developed countries, the cost of living in Canada is comparatively low. Canada experiences significant difference in cost of living in cities and its rural areas. It is estimated that people in Canada spend approximately 35-50% of their financial funds on housing and utilities, including rent, heating, electricity, phone and water out of which approximately 15% is on food and 6% is on clothing. Let’s have a look at the cost of common items in Canada:

Accommodation:

Accommodations in Canada are cheap as compared to other western countries. Cost of accommodation in Canada varies from city to city. Prices are highest in Ottawa, Montreal, Toronto and Vancouver. The rents are low outside the city center. A small apartment in the center of the city may have a similar cost as that of a bigger apartment situated in the outskirts of the city. However, these costs of accommodation are higher than Asian countries like India. For example if rent of Apartment (1 bedroom) in City Centre in India is Rs.9,470.73 than the rent of same in Canada would be around Rs.53,497.88 In order to avoid paying high rents for accommodation people also prefer purchasing their own house; however, the costs of house too differ from place to place.

Food:

Canadians eat more beef and chicken which is quite costly. However, the day to day commodities like vegetables and fresh fruits are quite cheaper available throughout the year. Indians will find common commodities like milk, bread, vegetables, and fruits costlier than their home country. Cost of 1 liter of milk in Canada is around C$2.09 which is approximately Rs.105.43. Similarly, the price of a loaf of bread (500gm), white rice (1kg), Apples (1kg) is around C$2.75, C$1.82, and C$3.60 respectively. Canadians mostly drink soft drinks which are quite cheaper when purchased in bulk.

Clothing, shoes and other utilities:

Branded clothes are quite expensive in Canada but other factors like growing competition amongst sellers, wholesale products, and factory outlets provide clothes at affordable rates. One Pair of Jeans cost around C$57.97 and 1 Pair of Running Shoes cost around C$99.58. Basic (Electricity, Heating, Water, Garbage) charges for 915sq ft. apartment is approximately C$161.23 and Internet (10Mbps, Unlimited Data, Cable/ADSL) charges are around C$55.04. Most of the recreation activities are cheaper in Canada.

Transportation:

Canada has good quality of transportation system which includes all modes of transportation such as roadways, airways, railways and seaways. One way ticket of local transports costs around C$3.00 and monthly pass costs around C$90.00. The normal tariff for taxis for 1 mile is around C$2.93 and 1 hour waiting charges are C$32.86. Car insurance could be expensive but is important in Canada.

Education:

Canadian universities provide excellent quality of academic knowledge and are consistently amongst top ranking universities internationally. Moreover Canadian universities provide world recognized degrees and Canadian tuition fees are amongst the lowest in English-speaking countries. As a result of which Canada attracts large number of international students who wish to pursue wide range of courses in Canada. On an average C$13,600 are required for education in Canada.