It’s pretty clear why Canada is the destination of choice for immigrants. It has a revolutionary government that upholds the core of democracy, ideal geography for hikers, sailors and skiers alike. If you are among hundreds of thousands of immigrants enamoured with Canada’s affluent socio-cultural background, it is very important to know how similar or specific your finances may be there, so we would like to enlighten you on the cost of living in Canada.
There are big differences in the value of staying in rural areas and basic cities. This article will guide you through what you need to know, approximately the price of staying in Canada, so you are ready to settle in the country you love.
So, What Is The Cost Of Living In Canada?
Exchange fees are one of the first matters to consider while containing your budget. What is the value of your foreign money compared to Canadian dollars and how far it will take you are also matters to consider.
Most alternative fee services increase the alternative fee to increase their revenue. This technique is expensive; it can trick you into thinking you are getting an honest deal. Always use the currency converter to search for the contemporary marketplace exchange fee while you convert your money.
It is far from uncommon to state cash with the dollar signal $ in Canada, now and again written as C$ or CAN$ or CAD to distinguish it from alternative dollar-based foreign money.
The below list indicates the values of Canadian bucks compared to a few major currencies as at the time of writing.
Monthly Living Expenses in:
- Large Apartment: C$1700
- Small Apartment: C$1100
- Student Dorm: C$600
- Internet: C$41
- Large Apartment: C$1100
- Small Apartment: C$640
- Student Dorm: C$550
- Internet: C$38
Having the cost of living in mind, the other main financial attention is your take-home salary at the end of the month. Employers will also bear in mind the fee of residing in payment, depending on where you choose to settle.
Fortunately, the common salary in Canada has risen by 10-15% on the account since 2007. This is quite high. Though salaries differ between provinces and cities, the common salary for full-time work or 30 hours per work has been C$44,366 since 2010.
Average Salary for Toronto
Financial Analyst: 52,067
Graphic designer: C$37,966
Product Manager: C$69,402
Web Developer: C$43,663
Average Salary for Montreal
Financial Analyst: C$42,722
Graphic Designer: C$33,831
Product Manager: C$59,398
Web Developer: C$42,015
Healthcare in Canada
Having a loose healthcare system in Canada is one of the country’s fundamental attractions. This means you don’t pay a direct rate for any medical visits. The free aid system is funded by the country’s distinctive legal system.
The common man or woman will pay approximately C$4,222 yearly, this may seem excessive for foreigners, but it is an honest deal, considering the comparatively distinctive health care system.
Transportation Prices for Canada
- Monthly Bus/Transportation Pass: C$95
- Bus Ticket Single Use: C$3.15
- Taxi 1KM: C1.85
- Taxi 1hr: C$33.00
Food Budget in Canada
Your likely budget food budget for eating all your meals in restaurants that are inclusive of tips and taxes are:
Canada is referred to as a top-notch area to settle, you will be amazed to discover the country to be very cheap considering the very prime quality of life, more low priced than maximum cities in Europe.
Wherever you may choose to settle in Canada, I’m sure this guide has given you an idea about the cost of living in Canada. Best luck with your choice!