Thinking of relocating to Canada and then worrying about what it’s going to cost you to actually complete your Move to Canada?
Moving to a new country is a very big step hence so many areas ought to be thoroughly thought about before the giant step is taken.
How much it costs to live there and how you are going to make a living and earn are things to be considered in detail.
Don’t panic yet because if you finally become a citizen or permanent resident, you get national benefit from the government.
At that time, you can use the money for other important things that will make other areas of your life.
The truth is that the cost of living in Canada can not be summarised in a paged article because the amount you will spend is dependent on your choice of living and the area which you finally decide to settle.
Just like in every other country, there are areas that are more expensive than the other, so depending on what you do and the proximity of your workplace or business area, you can decide to stay in areas that are very costly or areas that are within your means of earning.
Certain cities are more expensive than others. Toronto and Vancouver, although voted the most liveable cities and most popular among foreigners, are also the most expensive to live in.
However, there are many affordable cities to consider when moving to Canada, they can be found in Ontario, British Columbia as well as Prince Edward Island.
I can assure you that no matter what it is you’re looking for you are likely going to get a wonderful area according to what you earn without compromising the quality of life.
The cost of living in Canada differs from city to city, however, the national average cost of living in Canada according to expartisan.com for a single person is estimated at $2,769 monthly whereas for a family of 4 it is estimated at $5,223.
Cost of living in Canada is more expensive than in 72% of countries in the world.
To calculate the cost of living in Canada, the following factors are considered:
Accommodation: The very first thing to have in mind when planning to move to a new country is a place to call home. Knowing a good estimate of how.much you are likely to spend helps prepare you for expenditure and also helps your budgeting.
Food Expenses: The food expenses include meals and groceries. On average, a person spends CAD 200 on groceries each month. Food is something you can’t deal without, hence making plans for it is really important.
Transportation Charges: The moment you get to a new country, you’d need a means to move around. Though private transport is also an option, it is quite expensive when compared with public transport and can drastically differ the cost of living in Canada when chosen as the primary mode of transport.
Healthcare Charges: Getting health insurance is an option that needs to be considered because health bills can increase the cost of living in Canada.
You may get one beforehand or just after landing in Canada. Generally, healthcare charges include:
Visiting a Doctor, Medical Specialists,Hospital Stays and
Private insurance plans are quite expensive than public insurance plans.
These are majorly but not all that contributes to the cost of living in Canada but will give you a heads up.
When you are properly equipped, your planning and transitioning when you finally land in Canada will become much easier.