Considering higher studies in Canada is an exciting prospect, but understanding the living expenses is crucial for effective financial planning. While the cost of living in Canada is higher than in India, it is more affordable compared to the USA or the UK.
Proper financial planning is essential to manage your expenses while studying abroad. The primary costs to consider are accommodation, groceries, and health insurance, as these significantly impact your overall budget. Additionally, when applying for a Canadian student visa, Immigration, Refugees and Citizenship Canada (IRCC) requires proof that you have sufficient funds to cover your living expenses.
According to Numbeo, an Indian student needs approximately INR 88,400 per month to cover living expenses in Canada, excluding housing costs, which vary by location. Given the high cost of healthcare in Canada, students are required to obtain medical and hospital insurance.
Public health insurance plans are managed separately by each province, and some universities mandate compulsory insurance coverage. Students must secure insurance within the first week of their arrival. Several factors can influence the cost of living for Indian students in Canada.
The average cost of living in Canada for international students typically ranges between CAD 7,000 and CAD 20,000 per year. This wide range depends on various factors such as the city of residence, lifestyle choices, and spending habits.
On-Campus Housing: Living in dormitories or university residences can cost between CAD 3,000 to CAD 7,500 per academic year. Prices vary based on the university and the type of accommodation (single room, shared room, etc.).
Off-Campus Housing: Renting an apartment or house off-campus usually ranges from CAD 500 to CAD 1,500 per month, depending on the city and proximity to the university. Major cities like Toronto and Vancouver are more expensive, while smaller cities or towns offer more affordable options.
Groceries: Monthly grocery bills for a single student can range from CAD 200 to CAD 400. Cooking at home is generally economical.
Dining Out: Eating at restaurants or cafes can add to the expenses, with costs varying widely. A meal at a mid-range restaurant might cost around CAD 15 to CAD 30. Budgeting around CAD 150 to CAD 300 per month for dining out can be a reasonable estimate.
Public Transport: Public transportation (buses, subways, trains) is commonly used by students and is relatively affordable. Monthly passes range from CAD 80 to CAD 120, depending on the city.
Biking and Walking: These are cost-effective and healthy alternatives for short distances.
Car Expenses: Owning a car is less common among students due to higher costs, including insurance, fuel, parking, and maintenance.
Health Insurance: International students must have health insurance, which can cost between CAD 600 to CAD 900 per year. Some provinces offer health insurance plans specifically for international students, while others may require private insurance.
Medical Services: While routine check-ups and emergency services are often covered by insurance, certain procedures and prescriptions might incur additional costs.
Phone Plans: Monthly phone plans with talk, text, and data can cost between CAD 40 to CAD 100. International calling and roaming can add extra charges if not included in the plan.
Internet: High-speed internet for home use typically costs around CAD 60 to CAD 110 per month. Some student housing may include internet in the rent.
The cost of living in Canada for international students can be managed effectively with careful planning and budgeting. Opting for shared accommodations, cooking at home, and utilising public transportation are practical ways to keep expenses within the average range of CAD 7,000 to CAD 20,000 per year.
Consider Shared Accommodation: Look for options to share accommodation with other students to split the cost.
Explore PG Accommodations: Paying guest accommodations often offers more affordable rates compared to renting a full house or apartment.
Research Rental Prices: Understand the rental market in your area to find the most budget-friendly options.
Negotiate Rent: Don't hesitate to negotiate the rent with landlords, especially if you're committing to a longer lease.
When it comes to accommodation, balancing cost with comfort and safety is crucial. Explore various options thoroughly before committing to a lease or agreement.
Cook at Home: Prepare your meals instead of eating out to save money.
Buy in Bulk: Purchase groceries in bulk to take advantage of discounts.
Opt for Local and Seasonal Produce: They are often cheaper and fresher.
Compare Prices: Look for the best deals at different grocery stores or markets.
Limit Eating Out: Reserve eating out for special occasions to save money.
Understanding the price difference between Indian and Canadian food items can help you make informed choices and plan your grocery shopping efficiently.
Use Student Discounts: Many cities offer discounted rates for students on public transportation.
Invest in Monthly Passes: If you frequently use public transport, investing in a monthly pass can save you money compared to buying individual tickets.
Explore Bike Rentals: In some cities, renting a bike can be a cost-effective and eco-friendly transportation option.
Walk Whenever Possible: Save on transportation costs and stay healthy by walking short distances instead of taking public transport.
By utilising public transportation effectively, you can significantly reduce your monthly expenses while navigating your new city.
Research Government Healthcare Programs: Familiarize yourself with the healthcare services provided by the government for international students.
Understand Insurance Coverage: If you have health insurance, understand what services are covered and where you can access affordable care.
Visit Walk-in Clinics: For non-emergency medical issues, consider visiting walk-in clinics instead of emergency rooms to save on healthcare costs.
Utilise Student Health Centers: Many universities offer on-campus health services at reduced rates for students.
Prioritise your health while managing costs by taking advantage of the healthcare options available to you as an international student. Understanding your coverage and seeking affordable care can help you stay financially secure during your studies.
Here's a rough overview of the monthly cost of living in various cities across Canada in Canadian Dollars:
| City | Housing | Utilities | Transportation | Groceries |
| Ontario | $1,800 - $2,500 | $150 - $250 | $100 - $150 | $300 - $500 |
| Toronto | $2,200 - $3,000 | $150 - $300 | $150 - $200 | $350 - $600 |
| Ottawa | $1,500 - $2,000 | $120 - $200 | $100 - $150 | $300 - $550 |
| Montreal | $1,200 - $1,800 | $100 - $200 | $80 - $120 | $250 - $450 |
| Quebec City | $900 - $1,500 | $80 - $150 | $70 - $100 | $200 - $400 |
| Calgary | $1,500 - $2,200 | $150 - $250 | $100 - $150 | $300 - $550 |
These figures are approximate and can vary depending on factors such as location within the city, lifestyle choices, and market conditions. It's advisable to research specific neighbourhoods and factors relevant to your circumstances for more accurate estimates.
The cost of living for international students in Canada varies based on location, lifestyle, and individual spending habits. Major expenses include accommodation, food, transportation, healthcare, and educational costs. Accommodation can be expensive, especially in cities like Toronto and Vancouver, with options ranging from on-campus to host family arrangements. Food costs also vary, with groceries generally being costly, particularly for speciality or imported items, and dining out adding up quickly despite student discounts. Transportation expenses depend on the city and travel frequency, including public transit passes and fuel. Healthcare may require insurance premiums and out-of-pocket costs if not covered by provincial plans. Educational expenses, including tuition, textbooks, and supplies, tend to be higher for international students. Although Canada offers a high quality of life and excellent educational opportunities, international students should budget carefully, especially in major urban centers, and consider financial assistance or part-time employment to manage expenses
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