- Download our Moving to Canada Guide (PDF)
Overall, the cost of living in Canada is high – but so is the quality of life. Mercer's 2023 Cost of Living Survey, which measures the comparative cost of items in 227 cities worldwide, ranked Toronto as the world's 90th most expensive city, with Vancouver at 116th. Calgary, Ottawa and Montreal are more affordable, ranking 145th, 137th and 135th, respectively.
While housing is expensive, expats earning a decent salary will find these cities to be otherwise affordable, thanks to the fact that Canada provides subsidised health insurance and education.
Cost of accommodation in Canada
Accommodation costs in Canada vary across different cities and regions. Rent in large cities like Vancouver and Toronto is the steepest, with prices increasing closer to the city centre. Utilities are another expense expats must budget for. Owing to freezing winter temperatures in Canada, these can get fairly pricey.
Cost of transportation in Canada
Canada has a vast public transport system, but it does come at a price. That said, getting around in major Canadian cities is still less costly than in other important world centres. Cars are relatively cheap to purchase, and most Canadians own a vehicle. Mandatory car insurance can be expensive, though.
Cost of education in Canada
Canada is well known for having an abundance of high-quality and affordable schools that attract many international students. Expats with young children will appreciate the fact that Canada provides free public education to all citizens and permanent residents, from kindergarten to secondary school.
Each region administers its own education system, so policies and requirements may differ in each province. Expats who don't have a permanent resident card or a work permit must apply for a study permit for their children, who would then be classified as international students and would have to pay tuition, which can be steep.
Cost of healthcare in Canada
All Canadian citizens and permanent residents are eligible for health insurance. The country's healthcare system is made up of provincial and territorial health insurance plans that are funded through taxes and administered by the provinces and territories themselves.
After applying for public health insurance, expats will have to wait until they become eligible to use it. These periods can be covered by temporary private health insurance. The officially recommended period for which expats should purchase temporary coverage is three months.
Those who would like access to services that aren't covered under their province or territory's health insurance plan can buy private health insurance, which usually includes prescription drugs, dental costs, private hospital rooms, ambulance services and prescription glasses.
Cost of groceries in Canada
Food and drinks in Canada are generally cheaper than in Western European countries but slightly more expensive than in the United States. Canadians eat a lot of beef and chicken, making pork and lamb a rarity and therefore pricier.
It's easier to get other speciality meat like bison, especially in larger cities. Fresh fruit and vegetables are available throughout the year at lower prices than in Western Europe.
Cost of entertainment and eating out in Canada
Canada boasts a variety of lifestyle and entertainment options to suit most expats. As a diverse and multicultural society, there are plenty of opportunities to experience the world's different cuisines without breaking the bank. Nature-loving expats can also ski, mountain bike, hike or kayak at little to no cost.
Cost of living in Canada chart
Prices may vary depending on product and service provider. The list below shows average prices for Toronto in June 2023.
Accommodation (monthly rent in a good area) |
|
One-bedroom apartment in the city centre |
CAD 2,500 |
One-bedroom apartment outside the city centre |
CAD 2,120 |
Three-bedroom apartment in the city centre |
CAD 4,000 |
Three-bedroom apartment outside the city centre |
CAD 3,200 |
Shopping |
|
Milk (1 litre) |
CAD 3.70 |
Loaf of white bread |
CAD 3.46 |
Chicken breasts (1kg) |
CAD 16 |
Rice (1kg) |
CAD 4.18 |
Dozen eggs |
CAD 4.61 |
Pack of cigarettes |
CAD 18 |
Eating out |
|
Big Mac Meal |
CAD 13 |
Coca-Cola (330ml) |
CAD 2.72 |
Cappuccino |
CAD 5.04 |
Bottle of beer (local) |
CAD 8 |
Three-course meal for two at a mid-range restaurant |
CAD 115 |
Utilities |
|
Mobile phone monthly plan with calls and data |
CAD 55 |
Internet (average per month) |
CAD 76 |
Basic utilities (per month for a small apartment) |
CAD 201 |
Transportation |
|
Taxi rate/km |
CAD 1.75 |
City centre bus/train fare |
CAD 3.30 |
Petrol (per litre) |
CAD 1.51 |
Further reading
►For more on managing finances, see Banking, Money and Taxes in Canada
Expat interviews
"Compared to South Africa and Slovakia, the cost of living is higher. However, it evens out with the income that you can earn in Canada. The costs of internet and phone packages, dining out and inland flights are higher in Canada compared to our home countries." Find out more about planning for the cost of living in Canada in our interview with Tim and Kamila.
Are you an expat living in Canada?
Expat Arrivals is looking for locals to contribute to this guide, and answer forum questions from others planning their move to Canada. Please contact us if you'd like to contribute.
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