See What It Costs To Live In Canada?
It’s easy to understand the reason Canada is the most popular immigration destination It is fairly clear what the conditions are which is why we here at IbuzzUp took the time to write about them..
A modern government that adheres to democratic principles, ideal for hikers, sailors, and skiers too.
If you’re among the millions of Immigrants fascinated by Canada’s rich cultural heritage, it’s important to be aware of the similarities and differences that your financial circumstances could look at there.
However, there are substantial variations in the cost of living between the rural regions and large cities.
This article will walk you through the things you should be aware of the costs associated with living in Canada and get you all set to settle in the country you love.
How Expensive Is Canada?
Exchange rates are among the most important things to think about when it comes to your financial position.
What is the value of your currency in the country you live in it is compared to Canadian dollars, and what is the maximum you can get with it?
Many exchange rate companies charge a higher rate in order to make more money.
This is costly and can fool people into thinking that they get a great deal.
Always make use of the currency converter to look at the current, market rate of exchange when you convert your money.
In Canada It is normal to refer to the currency with the dollar symbol $, which is sometimes it is written as C$, the CAN$ or CAD symbol to differentiate it from other currencies based on dollars.
The following table shows the value of Canadian dollars when compared with other major currencies at the date of writing.
C$1000 = EUR662.31
C$1000 = $763.04
C$1000 = PS583.70
Monthly living expenses in:
Large Apartment: C$1700
Small Apartment; C$1100
Student Dorm: C$600
Large Apartment: C$1100
Small Apartment: C$640
Student Dorm: C$550
With the costs to live in your mind another important financial aspect to consider is the amount you’ll make at the end of each month.
Depending on the place you wish to live, the employer will take into account costs of living as the form of remuneration.
Thankfully, the salaries in Canada are very impressive, and the average wage in Canada has increased by 10 to 15 percent since 2007.
From 2010 onwards, the median pay for full-time, (or 30 hours per week) working is $ 44,366.
While salaries are different between cities and provinces.
Average Salary for Toronto
Financial Analyst: 52,067
Graphic designer: C$37,966
Product Manager: C$69,402
Web Developer: C$43,663
Average Salary For Montreal
Financial Analyst: C$42,722
Graphic Designer: C$33,831
Product Manager: C$59,398
Web Developer: C$42,015
Healthcare In Canada.
The free healthcare system in Canada is the main attraction of Canada which means that you pay not directly for medical appointments.
The healthcare system that is free is financed by the nation’s distinctive tax system.
The average cost for health insurance is C$4,222 per year. This may be a bit high for people from abroad however when you consider the special health care system in Canada this is a great bargain.
Transit is an efficient means for people to travel around and will also save you lots of cash when compared with hiring a car.
Transportation Prices for Canada
Monthly Bus/Transport Pass: C$95
Bus Ticket Single Use: C$3.15
Taxi 1KM: C$1.85
Taxi 1hr: C$33.00
Food Budget In Canada
Your food budget per day is if you consume all of your meals at restaurants that include tips and taxes include:
Canada is considered to be an excellent place to set up a home and you might be surprised to discover Canada is very affordable compared to the
A relatively high standard of living and more affordable than many urban areas in Europe.
Whatever you decide to do, wherever you are in Canada We wish you the best of luck in your move.