Cost Of Living In Canada: Your 2023 Guide

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Here's a full breakdown of what average salaries and the cost of living in Canada look like going into 2023

00:00 Intro
00:19 How Expensive is Canada in comparison to other countries?
00:57 What are the Most Expensive and Cheapest Major Cities/Provinces?
01:38 How Expensive are Housing and Accommodation in Canada?
02:14 How Much Does Education Cost?
02:35 Learn More about Canada

Are you planning to move to Canada but don’t know if you can afford to? In this video, we will
explore the cost of living in Canada in 2023, so we can arm you with the knowledge to make an informed decision regarding how to plan your move.

Chapter 1: How Expensive is Canada in comparison to other countries?

Canada, like most major economies with a high standard of living, is quite costly. However, compared to other sovereign economies like the USA or Australia, the cost of living is relatively cheaper and affordable. For example, the average monthly expenses for a family of four is 4,637.94 CAD and 4,877.01 CAD in Australia and the USA, respectively. This contrasts with Canada, where the same expense will only set you back 4,388.86 CAD.

Chapter 2: What are the Most Expensive and Cheapest Major Cities/Provinces?

Chapter 3: How Expensive are Housing and Accommodation in Canada?

Living costs, like housing, accommodation, transportation and healthcare are comparatively cheap in Canada compared to either Australia or the USA. However, to offset these costs you should apply for permanent residency when considering a move, as many amenities and services are free of charge to Canadian Permanent Residents. You can obtain permanent residency by receiving an ITA, via a number of different immigration routes. Speak to an RCIC to find out which the best path would be for you to take.

Chapter 4: How Much Does Education Cost?

For Canadian citizens and permanent residents, education is heavily subsidized through taxes by the Canadian government. However, you may have to contribute towards your tuition fees in certain fields, especially in tertiary education where admission standards are high and availability is low.

Have any questions? Drop your queries in the comments section, and we will quickly assist!