Canada has emerged as the best destination for international students, where quality education, diversity, and a multicultural atmosphere will provide intense job opportunities after graduation. Though this would undoubtedly form an excellent new beginning, it would always require anticipating the financial scope you would face ahead. This comprehensive guide will take you through the significant expenses would face to help you make the correct decisions for better budgeting. Newly immigrating to Canada click here to understand how immigrants can successfully integrate into Canadian Society.
Accommodation Costs:
1. On-campus residence: Most Canadian universities provide options for on-campus residence, which can be quite convenient and safe for students. Living on campus not only provides the luxury of easy access to classes and libraries but also gives students some leeway to mingle with other fellow students. Accommodation, however, on-campus may seem pretty tough because of higher demand, especially where cities have been fairly developed, such as in Toronto and Vancouver. For these apartments, rent ranges from $500 to $1,500 per month depending on the university and room type; private or shared.
2. Off-Campus Housing: For many students, renting an apartment or sharing a house off campus is cheaper, although it requires diligent research and planning. Off-campus housing varies widely in cost according to city, neighbourhood, and accommodation type. For example, a shared apartment in downtown Toronto will cost you something like CAD 800-CAD 1,200 monthly, but in smaller cities such as Halifax or Saskatoon, options could be found for around CAD 500-CAD 800. Utilities and internet to this price, which could be another 100-200 CAD.
3. Homestay: You can opt for a homestay - whereby you stay with a Canadian family. This will expose you directly to the Canadian culture and also provide you with the opportunity to practice your language skills. Normally, homestays are inclusive of meals, which in turn reduce food costs much more. The price ranges from CAD 700 to CAD 1,000 per month depending on the family and location.
