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Cost of Living in Canada | Expat Exchange
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Cost of Living in Canada

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By Betsy Burlingame

Last updated on May 18, 2023

Summary: The cost of living in Canada varies depending on the city and province. Generally, the cost of living is higher in the larger cities such as Toronto and Vancouver. A nice 1 bedroom apartment in Canada can cost anywhere from $1,000 to $2,000 USD per month, while a nice 2 bedroom apartment can cost anywhere from $1,500 to $3,000 USD per month. The cost of dinner at a moderately priced restaurant in Canada is usually around $20 USD per person.

Is the cost of living in Canada high?

We asked people how much they someone comfortably live on in Canada, they wrote:

"The cost of living in Canada can vary greatly depending on which region and city you choose to live in. Generally speaking, larger metropolitan areas have a higher cost of living than those in rural areas. However, Canada has a generally high standard of living, with quality housing, education, health care, and other services that are relatively affordable. For example, groceries, especially fresh produce, are generally reasonably priced, as are basic utilities such as electricity and natural gas. Public transportation is also relatively inexpensive in many large cities, making it a great choice for cost-saving," said one person in Canada.

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Will I save money living in Canada?

"Living in Canada can be more cost-effective compared to living in the United States in many ways. Canada has more affordable and publicly funded health care options, and its homeownership market is generally more affordable than in the US. Canadians also typically have access to more generous government programs, such as subsidized childcare, as well as public transportation, which can help save money on transportation costs. Additionally, the cost of living in Canada is generally lower than in the US, including groceries, utilities, and clothing, which can all contribute to reduced costs for everyday expenses," explained one expat.

What is the average cost of housing in Canada?

If you are thinking about moving to Canada, cost of living in probably a key consideration. Expats commented about the cost of housing:

"Lower. A 3 bedroom 1,500 square foot home sells for $200,000 plus. Condo apts and townhouses are less," said one person in Calgary.

"The average cost of housing in Canada can vary greatly, depending on the province, city, or even neighbourhood. Generally, the cost of housing in Canada tends to be higher than most other developed countries, due to the strong economy and high demand for homes. Overall, the cost of living in Canada is expensive, with the average cost of renting a two-bedroom apartment in Toronto and Vancouver being higher than many other major cities around the world. In addition, the cost of buying a home in Canada is also high compared to the rest of the world, with the median price of a single family home in Toronto and Vancouver being over one million dollars," remarked one expat in Canada.

"I am bewildered to hear of average housing in Montreal is around CAN $226,000. I lived in Montreal for 23 years, I am visiting frequently, I am planning to return soon, and I can confirm that you will not find any decent housing within 10 miles of the city center for less than $500,000," explained one expat living in Canada.

"I live in the Comox Valley on Vancouver Island. The area includes the towns of Comox, Courtenay and Cumberland, and the rural areas in between. Since Covid began, many newcomers are here and prices have gone through the roof! The average condo is $400,000, average townhouse is $600,000, and single family homes are higher. But prices are starting to fall as interest rates rise, and houses are not selling as fast. I recommend waiting a year to buy. That gives you time to explore the different areas, as each one has its own unique character," said one expat in Canada.

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What are typical rental prices for expats in Canada?

"The average rental price for a nice one bedroom apartment in Canada is typically anywhere from $850 to $1300 USD per month. For a nice two bedroom apartment the average rental price can range between $1100 to $1800 USD per month," said one expat.

What appliances are typically included in a rental?

We asked foreigners in Canada what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:

"Many rental properties in Canada come with basic appliances such as fridge, oven, stove and dishwasher. Often, landlords may also provide an air conditioning unit, washer and dryer, and a microwave. In some cases, renters may also have access to additional amenities such as a pool, patio, or balcony. Landlords may also include furniture such as a dining room table and chairs, sofa, bed, and entertainment unit," said one expat living in Canada.

About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

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