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Cost of Living Canada

The Cost of Living in Canada

With breathtaking landscapes, a vibrant culture, and a welcoming population, living in Canada is a dream. The country’s immigration system has not only been designed to meet its growing labour needs but also offers excellent benefits. Subsidised healthcare and education, along with a positive work-life balance, are some additional perks of choosing Canada as your home country.

If you’re considering moving to Canada, we’ve broken down the costs you can expect when living there vs the UK.

A skyline of the CN Tower along Lake Ontario in Toronto, Canada

Cost of Housing in Canada

When relocating across the globe, housing should be your top priority. House prices in Canada are relatively higher than in the UK. That being said, London is consistently ranked more expensive than Toronto. 

Monthly Rent 

Renting is a great way of securing short-term accommodation. If you want to try out living in different cities in Canada, renting a property will give you a feel for the area before you make a larger commitment.

Item Canada (CAD) UK (GBP)
1 Bedroom Apartment in City Centre $2,000 £1,100
1 Bedroom Apartment outside City Centre $1,800 £1,000
3 Bedroom Apartment in City Centre $3,100 £1,800
3 Bedroom Apartment outside City Centre $2,600 £1,500

Buying a House

If you’re considering living permanently in Canada, buying a house will save you money long term. The cost of living in Canada is relatively higher in major cities. If you’re prepared to commute, you should consider smaller towns. 

Item (Price per square metre) Canada (CAD) UK (GBP)
Apartment in City Centre $11,000  £6,400
Apartment outside City Centre $7,500  £4,400
Icefield Parkway during Autumn in Jasper National Park, Canada

Utility Bills

Monthly utility bills in the UK are almost on par with Canada. While energy prices are slightly lower in Canada, internet costs are cheaper in the UK.

Item (Price per month) Canada (CAD) UK (GBP)
Basic Utilities (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment $215  £125
Mobile Phone Monthly Plan with Calls and 10GB+ Data $65  £40
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) $85  £50

Food Prices in Canada

The choice between eating in and dining out in Canada will depend upon your budget. Consumer prices between the UK and Canada are quite variable. While groceries tend to be slightly cheaper in the UK, restaurants in Canada tend to be considerably cheaper.

Groceries

Creating a monthly budget for your groceries is imperative regardless of where you live. In Canada, essential items are quite affordable and you can often find great offers at supermarkets. In the initial months of settling in, however, it is typical for your grocery bills to shoot up.

Item Canada (CAD) UK (GBP)
Milk (regular), (1 litre) $3  £2
Loaf of Fresh White Bread (500g) $4 £2
Rice (white), (1kg) $5 £3
Eggs (regular) (12) $5 £3
Local Cheese (1kg) $15 £10
Chicken Fillets (1kg) $16 £10
Beef Round (1kg) (or Equivalent Back Leg Red Meat) $19 £10
Apples (1kg) $6  £3
Banana (1kg) $2 £1
Tomato (1kg) $6  £3
Potato (1kg) $4 £2
Onion (1kg) $4 £2
Bottle of Wine (Mid-Range) $18 £10
Cigarettes 20 Pack (Marlboro) $19  £10
Water (1.5 litre bottle) $2 £1

Restaurants 

Restaurants in London tend to be considerably more expensive than in Toronto. This means you will have more chances to dine out in Canada when on a budget.

Item Canada (CAD) UK (GBP)
Meal, Inexpensive Restaurant $24  £15
Meal for 2 People, Mid-range Restaurant, Three-course $100 £60
McMeal at McDonalds (or Equivalent Combo Meal) $14 £8
Domestic Beer (0.5 litre draught) $8 £5
Imported Beer (0.33 litre bottle) $8 £5
Cappuccino (regular) $5  £3
Coke/Pepsi (0.33 litre bottle) $3 £2
Water (0.33 litre bottle) $2 £1

Transportation Costs in Canada 

When it comes to the cost of living in Canada vs the UK, transport tends to be cheaper in Canada. Car prices, petrol, and public transport tickets all tend to be cheaper in Canada.

Item Canada (CAD) UK (GBP)
One-way Ticket (Local Transport) $3 £2
Monthly Pass (Regular Price) $105 £60
Taxi Start (Normal Tariff) $4 £3
Taxi 1 km (Normal Tariff) $2 £1
Taxi 1 hour Waiting (Normal Tariff) $40 £20
Gasoline (1 litre) $2  £1
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) $35,000 £20,400 
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) $29,000 £16,800
A skyline of Toronto, Canada

Childcare Costs in Canada

Canada’s education system is among the best in the world. Not only are public schools subsidised, but the country also has some of the top universities in the world.

Item Canada (CAD) UK (GBP)
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child $1,100 £650
International Primary School, Yearly for 1 Child $19,400 £11,300

Healthcare Costs in Canada

The Canadian government provides a subsidised healthcare system. Although residents do not pay direct fees for healthcare services (including dental care), medical charges are deducted as tax from their paychecks. On average, Canadians pay approximately 9,000 CAD per year to maintain their free healthcare system.

If you would like to avail Canada’s healthcare benefits, you must apply for permanent residency as it is only available to Canadian citizens.

Mountains along Lake Moraine in Canada

Recreation Costs 

You must take advantage of Canada’s fantastic recreation opportunities whether you’re relocating for work or leisure. In terms of the cost of leisure activities, Canadian prices are often on par with the UK.

Item Canada (CAD) UK (GBP)
Fitness Club, Monthly Fee for 1 Adult $60 £35
Tennis Court Rent (1 Hour on Weekend) $30 £15
Cinema, International Release, 1 Seat $15 £8

Whether you’re moving to Vancouver or Calgary, our professional team can ensure your transition is seamless every step of the way. Plan your international relocation with Gerson Relocation today.

 

(*All prices are approx. as of January 2024)

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