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Writer's pictureCanadian Immigrant
Jul 292 min read

The Real Cost of Living in Canada per Province: A Comparative Overview 2024

Updated: Jul 30



Guess which province is the most expensive one? Hint: it's not Ontario.


Which province in Canada has the highest cost of living?

  • Nova Scotia

  • British Columbia

  • Quebéc

  • Alberta


Navigating the cost of living in Canada can feel like piecing together a puzzle, with each city offering its own unique set of expenses. Let’s take a quick tour through some key numbers and insights to give you a clearer picture of what to expect.


Rent


Rent can vary significantly from city to city. For example, in Toronto, a one-bedroom apartment averages $2,365 per month, while in Charlottetown, it’s about $875. These variations illustrate just how much costs can shift depending on your location.


Home Prices

Average home prices also differ widely. In Vancouver, the average home costs around $1.34 million, whereas in St. John’s, it's approximately $345,200. These figures underscore the varying housing markets across the country.


Taxes

Total tax rates also vary. Ontario’s rate is around 13%, whereas Alberta enjoys a lower rate of about 5%. This can affect how much you take home and how much you spend.


Groceries, Toiletries and Utilities

Monthly grocery costs are generally higher in Halifax at $484 compared to $335 in St. John’s. Utilities, including electricity, heating, and water, also vary, with higher costs in larger cities.


Internet and Gas

Internet prices and gas costs can also differ. For instance, the average price of gas in Vancouver is $1.83 per liter, compared to $1.30 in Charlottetown. Internet services are also priced differently across cities, reflecting the local market.


Public Transportation

Public transportation fares are another consideration. Monthly passes in Vancouver cost around $107.30, whereas in Fredericton, it’s about $85. The disparity reflects the cost of

living and public transit availability in different regions.


For those interested in a deeper dive into these numbers and their implications, I encourage you to watch the YouTube video linked above. It provides a more detailed breakdown and analysis of these costs across Canadian cities.


By understanding these costs, you can better plan your move or budget if you’re already living in Canada. Whether you’re contemplating a new life here or reassessing your current situation, these insights can help you make informed decisions.


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