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Studying and living in Canada is more affordable than in other developed nations like the UK and USA. However, your estimated cost of living in Canada while studying MSc may depend highly on the city you choose to live in. For example, Vancouver and Toronto are more expensive than Montreal or Ottawa.
In most Canadian provinces, including Ottawa, Montreal, and Quebec, you may expect to spend between CAD 800 and CAD 1,500 monthly as the cost of living in Canada to study masters programs. Still, your expenditures in the country may vary between the smaller cities and the larger student hubs. For instance, the price of potatoes ranges between CAD 1 and CAD 6, the price of milk ranges from CAD 1.4 to CAD 5, apples cost between CAD 2 and CAD 8, and bread from CAD 2 to CAD 5.5. However, to live anywhere in Canada during your master's studies there, you will need something around CAD 10,000 to CAD 20,000 per year to cover all your living expenses in Canada for international masters students.
From private rentals and homestays to on-campus student accommodation, you will have several choices to suit your budget and requirements. You can choose from varied prices when it comes to accommodation, so take your time, research properly, and explore the varied options to find the best fit for your lifestyle and preferences. You can even connect with the study consultants at GoCanada to get student loans at lower interest rates and 100% scholarship guidance to manage the cost of living for a master’s in Canada.
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Canadian universities invest heavily in on-campus accommodations, like residence rooms, suite-style residences, dormitories, and student apartments, mainly because of the increasing number of international students choosing Canada for their higher studies. The dormitories are large buildings with several shared rooms for students, while the townhouses feature several bedrooms without sharing the same with roommates. Then, residence rooms offer access to shared kitchen, laundry, and bathroom facilities. On-campus accommodation costs for masters in Canada may range between CAD 250 and CAD 600 based on the type of housing you choose to stay at. GoCanada education counsellors can provide you with the correct and latest information. Call us now.
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However, if you want to stay at the off-campus accommodations, the most affordable option would be a homestay where you live with a Canadian family throughout your master's studies in Canada. Prices for these homestays range between CAD 400 and CAD 800 on average. Private renting can be expensive, especially in cities like Toronto and Vancouver, so sharing the rent with others is best. You may have to pay between CAD 300 and CAD 800 per month for different facilities like heating, internet, electricity, and furniture, including the rent of the house.
The living cost for Indian students in Canada per month to study masters also includes the transportation cost that ranges between CAD 100 and CAD 150 per month and food expenses that may go up to CAD 300 per month. For further help and guidance on the cost of living for single person studying masters in Canada, connect with the counsellors at GoCanada now.
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