Average Cost of Living in Canada when you Rent
One of the biggest factors of the monthly expenses in Canada is the rent. No matter where you go, whether you are doing a job, running a business, studying, or just a digital nomad, your rent contributes the most to the average cost of living in Canada. Living expenses in Canada can get quite high but the good news regarding rent is Canada offers much cheaper rents when compared to US and Australia. It is as much as 23% less than the US and 12% less than Australia. The choice of home differs depending on the city or province one is residing in.
- Rents are relatively higher in places like Toronto and Vancouver while cities like Ottawa, Calgary, and Edmonton provides are less expensive
- Costs of a shared room in Toronto come between $500-$800 while luxury condos can go up to $3000
- Private apartments are usually available between $1000-$2000
- Almost most of the cities like St. Johns, Saskatoon, Regina, Edmonton, Abbotsford etc. have a very similar price bracket when it comes to rental costs
In terms of tourist places for exploring, Canada will never let you down. Living costs in tourist destinations are higher. In fact, it can be at par with the costliest cities like Toronto and Vancouver.
While the rent can vary largely, transport costs across Canada are pretty similar everywhere. Geographically, Canada is amongst the largest countries in the world and most of the cities are concentrated around the southern border. The country is well-connected by highways and rental cars and bikes are always at your service in abundance. The public transport situation is good too in Canada.
- Almost every province has their own transport network that lets you travel from one part to another easily
- The ease of using the subway system in Montreal and Toronto gets the highest marks. The subway system charges higher compared to all other modes of public transport in Canada too
- Bus networks among the cities and hubs are well-established too, making it one of the most preferred options of getting around
- People residing in Canada can opt for monthly travel passes or cards that allow multiple travels to and from for a period of 30 days. The cheapest monthly travel pass is Victoria at $85.61 while the costliest is that of Toronto at $156. In other cities like Vancouver, Calgary, Edmonton the passes range between $100-$110 a month. The monthly travel pass for Ottowa is $122.3
If travelling and exploring are what you like to do, renting a car or buying a vehicle is indeed a better option. To explore cities like Toronto and Montreal, a car is always a better option than public transport. The quality of roads in Canada are superior and people will enjoy driving on this long stretch of high-quality roads. Car rental ranges around $1400 a month in Canada.
Anyone who is planning to shift to Canada should have a clear understanding of the cost of food, the cost of groceries, or the overall monthly expenses in Canada.
Canada is full of diversity in terms of culture as well. It is a multi-cultural nation with tasty local food and cuisines to offer. As a resident of Canada, one can enjoy a new and different cuisine every day of the week. Canada’s food culture takes inspiration from all around the globe and cities like Toronto and Montreal have the most amazing delicacies to offer.
- Milk – $1.95
- Bread – $2.35
- Rice – $2.95
- Eggs – $2.85
- Tomatoes – $4.52
- Bananas – $1.38
- Beef Round – $11.95