Cost of Living in Canada - 2024

How Much Does It Cost to Live in Canada in 2024?

What is the average monthly cost of living in Canada?
The average cost of living in Canada is $2,329.94 per month.

Canada is a big and diverse country in North America, with Ottawa as its capital. It’s known for its good quality of life, government transparency, education, and healthcare. 

Even though Canada’s economy is thriving in many ways, with a low unemployment rate, some people still have difficulty affording homes, as the cost of living in Canada depends on the place you choose to live.

It is important to do research on specific cities and provinces to get a more accurate idea of the cost of living in Canada, so you can plan a better budget and live comfortably in Canada.

Methodology

The main data collection source for this article is Numbeo and trusted city-related websites, including Government of Canada, Government Public Transit Websites. The costs presented are estimates and pertain to an individual living alone on a monthly basis.

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Housing costs in Canada

Canada’s real estate market has its own distinctive characteristics. In major Canadian cities like Vancouver and Toronto, the housing market can be quite astounding. The average home prices here often surpass the national average, earning them a reputation as some of the most expensive places to buy property in Canada. 

This can be attributed to factors such as high demand for housing, proximity to stunning natural landscapes, and the vibrant urban lifestyle that these cities offer.

Cost of rent in Canada

Area/Neighborhood

1-bed apartment

3-bed apartment

Canada (Outside of Center)

$1,464.67

$2,392.89

City (Outside of Center)

1-bed apartment

3-bed apartment

Toronto

$2,280.60

$3,434.43

Vancouver

$2,240.70

$3,791.40

Montreal

$1,221.81

$1,979.26

Calgary

$1,509.55

$2,386.41

Victoria

$1,839.34

$3,295.16

Edmonton

$1,125.04

$1,694.15

Winnipeg

$1,278.64

$1,914.05

Halifax

$1,501.56

$2,381.35

Numbeo (Sept 2023) & Numbeo by city (Sept 2023)

Cost of buying a property in Canada

Area/Neighborhood

Average home price 

Canada

$650,140

City (Outside of Center)

Average home price 

Toronto

$1,141,400

Vancouver

$1,208,400

Montreal

$521,600

Calgary

$553,800

Victoria

$888,000

Edmonton

$374,100

Winnipeg

$345,700

Halifax

$530,900

CREA (Aug 2023) & CREA by city (Aug 2023)

Utility costs in Canada: Internet, electricity and water

In Canada, utility costs can vary significantly depending on the province you live in. Generally, utilities in Canada are reasonably priced. If you’re renting a property, you may often find these costs bundled into your monthly rent, making budgeting simpler.

One key component of utility costs is electricity, and its prices may change across provinces due to factors such as energy sources, population density, and proximity to generation sources. 

According to Numbeo data, the average basic utility package that includes heating, electricity, water, and garbage, and Internet in Canada is as follows below.

Utilities

Cost

Basic

(Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment

$199.02

Internet

(60 Mbps or More, Unlimited Data, Cable/ADSL)

$85.81

Total

$284.83

Numbeo (Sept 2023)

What is the average monthly cost of utilities in Canada?
The average monthly cost of utilities in Canada is $284.83.

Grocery costs in Canada 

The global economy has led to higher gas and food prices around the world, making things more expensive for consumers. However, in Canada, basic foods like eggs, milk, bread, and others, are not subject to additional taxes when sold in supermarkets and grocery stores.

Grocery items in Canada

Cost

Milk (regular), (1 gallon)

$10.68

Loaf of Fresh White Bread (1 lb)

$3.02

Rice (white) (1 lb)

$2.02

Eggs (regular) (12)

$4.35

Local Cheese (1 lb)

$6.68

Chicken Filets (1 lb)

$6.89

Beef Round (1 lb)

$8.42

Apples (1 lb)

$2.34

Banana (1 lb)

$0.85

Oranges (1 lb)

$2.19

Tomato (1 lb)

$2.29

Potato (1 lb)

$1.48

Onion (1 lb)

$1.50

Lettuce (1 head)

$3.21

Bottle of Wine (Mid-Range)

$17.00

Domestic Beer (0.5 liter bottle)

$3.59

Imported Beer (12 oz small bottle)

$4.25

Numbeo (Sept 2023)

What is the average monthly cost of groceries in Canada?
The average monthly cost of groceries in Canada is $323.04.

Public transit in Canada

Canada offers its residents various convenient transportation options, including buses, ferries, metros, and more. Different cities provide these services through their provincial governments, and you can anticipate a monthly cost ranging from $82.50 to $156.00.

City

Monthly pass cost at regular rate

Toronto

$156.00

Vancouver

$104.90

Montreal

$97.00

Calgary

$112.00

Victoria

$85.00

Edmonton

$100.00

Winnipeg

$107.80

Halifax

$82.50

Government of Canada & Transit Sources by Province (Sept 2023)

What is the average fare for a monthly public transit pass in Canada?
The average fare for a monthly public transit pass in Canada is $105.64

Entertainment costs in Canada

Canada is full of beautiful locations, museums, sports centers, cinemas, and activity centers along with a number of restaurants. The affordability of entertainment varies depending on your city of residence. 

For Canada’s entertainment and dining costs in 2024, check the data below.

Entertainment in Canada

Cost

Mid-range restaurant meal

$45.00

Taxi 1h

$34.46

1 cinema ticket

$15.00

Total

$94.46

Numbeo (Sept 2023)

Sales tax in Canada

In Canada, there are three types of sales taxes: the federal GST (5%), the provincial sales taxes PST (varies depending on the province), and the HST, which is a combination of the two and is equivalent to 15% it is preferred used by some provinces, except for Ontario, where it is 13%.

While some items, like basic groceries and sometimes feminine hygiene products, are exempt from sales taxes, the rate for other products depends on the specific province.

Provinces and territories

Rates

Alberta

5%

British Columbia

12%

Manitoba

12%

New Brunswick

15%

Newfoundland and Labrador

15%

Northwest Territories

5%

Nova Scotia

15%

Nunavut

5%

Ontario

13%

Prince Edward Island

15%

Quebec

14.975%

Saskatchewan

11%

Yukon

5%

Government of Canada (Sept 2023)

Healthcare costs in Canada

In Canada, the public health insurance is accessible to all residents and is financed through tax revenue. To access medical services, one must have a health insurance card. It’s worth noting that public health insurance in Canada exhibits notable variations from one province to another.

In addition to the universal public health insurance offered by each province or territory, residents can opt for extra coverage through their employer or purchase private health insurance. 

For comprehensive health coverage, consider purchasing a private health insurance policy or use your employer-sponsored plan. 

Type of healthcare

Cost

Employer-sponsored health insurance

$63.00

Non-employer-sponsored health insurance

$50.00 – $150.00

Gym

$57.30

Numbeo (Sept 2023)HelloSafe (2023)Insurance Business (Apr 2023)

What is the average monthly cost of employee-sponsored health insurance in Canada?
The monthly cost of employee-sponsored health insurance in Canada is $63.00.

Conclusion

Moving to Canada can be exciting as it offers a high quality of life, diverse opportunities, and beautiful natural landscapes. While the cost of living in Canada varies by region, it generally provides a stable and affordable lifestyle compared to many other developed nations. 

Healthcare is covered through the public system, and public education, up to high school, is free for residents. If you’re considering a move, it’s essential to research the best moving companies in Canada to ensure a smooth and stress-free transition.

For a comprehensive overview of the average monthly living costs in Canada, please refer to the table below for 2024:

Category

Monthly cost

1 bed apt rent outside city center

$1,464.67

Groceries

Numbeo’s grocery list ($80.76 multiplied by 4)

$323.04

Utilities

Electricity, heating, cooling, water, garbage

$199.02

Internet with 60 Mbps

$85.81

Transit pass

$105.64

Entertainment 

Meal, taxi, movie

$94.46

Gym membership 

$57.30

Total

$2,329.94

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Ann Nacario

The author

Meet Ann – our head writer with a knack for making moving and city living a breeze. From the many details of moving to picking the perfect moving company, she’s your guide. Ann has a friendly yet detailed approach to ensure your move goes off without a hitch. When she’s not writing about relocation, it will always be on her mind, but you’ll catch her spending time with her three furry friends.

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