Understanding the cost of living in Canada

In Canada, the living costs can vary from one city to another and are likely to be very different from what you are accustomed to in your home country. Having a fair and realistic idea of these costs, especially as you plan your move to Canada, can help you with budgeting and managing your expenses better.

While estimating your expected monthly expenses, you’ll need to factor in costs associated with housing, transportation, food, and entertainment in your chosen city, and these are likely to be very different from what you are accustomed to at home. It can take some time to find a job in Canada, so it’s important that you bring enough funds to cover at least six months’ expenses for yourself and your family. Research and budgeting can not only help you set expectations and reduce stress but ensure you cover expenses and save for the future.

Tip: Use the Arrive Cost of Living in Canada Calculator to plan your monthly budget and read How to plan your finances and prepare for life in Canada for tips on planning for expenses.