Canadian education is one of the best in the world, especially in domains involving research. The country offers the best of all educational and research facilities and a fair opportunity to learn as much as you like. At the same time, the standard of living is undoubtedly high, and in absolute terms, you can have a much higher quality of life as a student than you can in most other countries. However, this excellence comes at a price.
It’s essential for you to have an estimate of how much money you are likely to be spending in Canada besides your tuition fee. Spare yourself any shocks or surprises by going through the following breakdown on the cost of studying in Canada.
The major budget eater will be accommodation
While studying in Canada, you have the choice to either live on-campus or off-campus. On-campus living is generally costlier than renting apartments or homestays, but it has its own set of advantages like greater opportunity to participate in university activities besides academics and better chances of socializing with fellow students.
Off-campus accommodation, however, offers you the flexibility to choose from many options like renting an apartment or studio independently, sharing a house or going for homestays with local families.
Coming to a city-wise division of living costs, Ottawa, Montreal and Quebec have some excellent universities, and accommodation in these cities would cost you about CAD 1000 a month.
Among the more expensive cities are Calgary and Vancouver, where accommodation costs can go up to CAD 1500 a month, living individually. You can always share an apartment with another student to save significantly.
If you are a young undergrad student, you can expect a tremendous reduction in your monthly bills. This is because most Canadian provinces require that students under the age of 18, or 19 in some provinces, reside in a homestay with a host family. This option costs you about CAD 600-800 a month and in most cases, your host family will provide you with meals, leading to a further reduction in expenses.
Food won’t pinch you much
In most cases, all your food expenses (besides eating out) can fit into the CAD 250 bracket a month. Choose any local grocery store or supermarket and you’ll be able to cover almost all your requirements conveniently and economically.
Moreover, eating out in Canada is not as expensive as other countries either. For a mere CAD 20 you can get a pretty decent meal. Finer restaurants offer three-course meals for CAD 30 per person per meal.
Transportation is fairly economical
You can get a monthly transport pass to cover all your public transport trips at a reasonable price. University students, particularly those under the age of 25, are eligible for further discounts on their transport cards.
When you study in Canada, some of the other costs that you need to be prepared to bear include cost of air tickets, health insurance, and visa fee. Besides, you would also need to spend on books and stationery and also warm clothing as the winters here are extremely cold. To lessen the cost of studying in Canada it is always best to look for the various scholarship options available.