As an international student in Canada, you should be prepared to cover a range of living expenses in addition to your tuition fees. The cost of living can vary depending on your location and lifestyle, but here are some common expenses to consider:
Accommodation
The expenses incurred by international students during their stay in Canada vary depending on their lifestyle and housing arrangements. Living on-campus or off-campus can have a significant impact on accommodation costs, with on-campus facilities varying depending on the university they apply to. It is recommended that students apply separately for on-campus accommodation.
On-campus accommodation can cost between CAD 8,000 and CAD 10,000 annually. However, shared condos are a more cost-effective option, ranging from CAD 400 to CAD 800 per month depending on location and rental period. According to the Canada Mortgage and Housing Corporation's market report, the average rent for a two-bedroom apartment in Canada is CAD 1,167 per month, with variations based on location.
In addition to housing expenses, students must also consider recurring day-to-day expenses such as food and groceries, transportation, health insurance, clothing, and entertainment. To manage these costs, international students can apply for an International Student Identification Card upon arriving in Canada for additional benefits.
Food: You will need to budget for groceries, meals at restaurants or cafes, and snacks. Cooking your meals at home can help you save money.
Approx. Expense : CAD 300 – CAD 400
Transportation: You may need to pay for transportation to get to and from classes, as well as for leisure activities. Options may include public transit, biking, or walking.
Approx. Expense : CAD 80 – CAD 110
Health insurance: International students in Canada are required to have health insurance, which can be obtained through a private insurance company or through a provincial healthcare plan.
Approx. Expense : CAD 74
Personal expenses: This may include things like clothing, personal care products, entertainment, and other miscellaneous items.
Approx. Expense:
- Entertainment: CAD 150
- Utilities (electricity, cooling, water, heating, garbage): CAD 164.64
- Utilities (internet – 60 Mbps or more): CAD 78.82
It’s important to research and estimate the cost of living in the city or town where you plan to study, and to create a budget that takes into account all of your expenses. It’s also a good idea to look for ways to save money, such as shopping for deals on groceries or taking advantage of student discounts.