Cost of studying and living in Canada: I know that studying in Canada can be challenging. The truth is, money is one of the major problems for people going to Canada either to study or live. This is why I get questions about how much is needed for studies or live in Canada.
I must admit that it is a very big concern, so it is important to have a clue of the funds needed for this because it will determine if your first few months in Canada will be depressing or enjoyable. In this article, I will assist you with the amount of money you need to study and live in Canada. The cost will include the cost of living in Canada, the cost of accommodation, the cost of feeding, the cost of healthcare insurance, etc.
See Also: How to Apply for Canada Study Permit from Your Home
Cost of studying in Canada
Canada has different provinces and the cost of living in cities and towns of these provinces differs. Some are more expensive while some are more affordable. It is also important to note that not only the province will determine the cost of studying or living in Canada but also the university or college.
In the table below, this is the average cost of different courses for both undergraduate and postgraduate in different provinces.
| Program | Cost | Duration |
| Undergraduate Program | $13,000 – $20,000 | Annually |
| Postgraduate Degree | $17,000 – $25,000 | Annually |
The table below shows different courses and their cost and this will make you understand that all the courses do not cost the same.
| Courses | Cost | Duration |
| Engineering | $34,000 | Annually |
| Medicine | $33,000 | Annually |
| Business & Management | $29,000 | Annually |
Cost of living in Canada
After a lot of research, I’ve made a table to show how much it cost to live in different provinces, so you make your research about them also thinking of where you want to study and where you can afford to live.
| Province | Cost | Duration |
| Calgary | $26,904 | Annually |
| Ottawa | $20,000 | Annually |
| Toronto | $37,000 | Annually |
| Vancouver | $38,484 | Annually |
See also: Top 9 Things to know before going to Canada
Accommodation in Canada
An Individuals accommodation depends on what the person wants because the prices of these accommodations vary.
| on campus | $300 – $600 per month |
| Private accommodation | $400 – $1,500 per month |
Cost of Feeding
The cost of feeding a single person will not be the same as a person that brought his family along with the prices. There will definitely be a difference. Buying bread, eggs, rice, and milk.
- One person – $200.51 per month
- Family – $936.40 per month
Health insurance
Most healthcare services are free for Canadian citizens and permanent residents. So international students studying in Canada must pay for their own health insurance for the duration of their program.
| Healthcare Insurance | Cost |
| Private healthcare insurance | $4,000 per year |
| university healthcare insurance | $600 – $900 per year |
I hope reading this article, will help you understand how much it will cost to either live or study in Canada. If you need any assistance or have any questions, send us a message using the Contact Us page.
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