
Rent prices in Canada can vary significantly depending on the province you're in. In fact, the median rent for a one-bedroom apartment in Toronto is around $2,100 CAD, which is equivalent to approximately $1,600 USD.
Rent prices in Canada's largest cities tend to be higher than in smaller towns. For example, in Vancouver, the median rent for a one-bedroom apartment is around $2,000 CAD, or about $1,500 USD.
The cost of rent in Canada can be steep, especially for students and young professionals. However, it's worth noting that rent prices can vary greatly depending on the location and amenities offered.
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Canadian Rent Prices
Canadian Rent Prices can be a significant expense for anyone moving to or living in Canada. The average rent prices vary depending on the location, with cities like Toronto and Vancouver being the most expensive.
In Montreal, a 1-bedroom apartment in the city center costs around $1,005.06 USD per month, while in Ottawa, it's around $1,280.15 USD. In Toronto, the price is significantly higher at $1,592.83 USD.
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Rent prices also vary depending on the number of bedrooms. A 3-bedroom apartment in Montreal's city center costs around $1,800.31 USD, while in Toronto it's around $2,764.76 USD.
Here's a breakdown of average rent prices in different cities:
In some cities, like Quebec, the minimum house rent is as low as $750 (548 USD) for a one-bedroom and $1,040 (760 USD) for a two-bedroom. Other affordable cities include St John’s, Saskatoon, and Regina, with prices ranging from $643 to $1,023 USD for a one-bedroom and $694 to $1,315 USD for a two-bedroom.
The prices can vary depending on the specific location, but overall, rent prices in Canada can be quite high, especially in major cities.
Cost of Living in Canada
Canada is a great place to live, with a relatively high quality of life at a relatively affordable price. It's more affordable than most European cities, and even the largest cities in Canada tend to be cheaper than those in many major US cities.
The cost of living in Canada varies depending on the province and city you choose to settle in. For example, housing in Vancouver is fairly expensive, but you can still live well for less compared to many major US cities. Montreal, on the other hand, is a beautiful and safe city with a long history, and while English is spoken by many people, learning French may be beneficial for long-term residents.
Here's a rough idea of what you can expect to pay for rent in Canada:
US Living Costs
Living in the US can be quite expensive, especially when compared to Canada. The average monthly cost for one person in major US cities like New York is around $1,356 USD.
In contrast, cities like Montreal and Ottawa in Canada have a significantly lower cost of living, with an average monthly cost of around $878 USD for one person. Boston and Los Angeles also have lower costs, with $1,149 USD and $1,061 USD respectively.
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A family of four in New York can expect to pay around $4,979 USD per month, while in cities like Montreal and Vancouver, the cost is around $3,239 USD and $3,460 USD respectively. These costs give you an idea of the general pricing for day-to-day expenses in the US.
Here's a comparison of average monthly costs for one person in major US cities and some Canadian cities:
Keep in mind that these costs do not include rent, which we'll cover in a later section.
Cost of Living
Canada is a great place to live, and the cost of living varies depending on the city you choose. Housing in Vancouver is fairly expensive, but you may still be able to live well for less compared to many major US cities.
Rent in Montreal is relatively affordable, and the city has competitive salaries compared to other cities in Canada. This makes Montreal a great choice for expats who want to progress their career while enjoying a great quality of life.
Ottawa is another popular choice for expats, with a clean, safe, and easy-to-live-in environment. The city is known for its museums, art, and culture, and it's easy to get to the great outdoors too.
Here are some cost of living comparisons between cities in Canada and the US:
Canada has a relatively mild climate, and the cost of living is generally more affordable than most European cities.
Housing and Renting
Renting a house or apartment in Canada can be a bit pricey, especially in major cities like Toronto and Vancouver. The average monthly rental cost of different property types in key Canadian cities is as follows:
In Montreal, you can expect to pay around $1,005.06 USD for a 1-bedroom apartment in the city center, while in Ottawa, it's around $1,280.15 USD. In Toronto, a 1-bedroom apartment in the city center costs around $1,592.83 USD, while in Vancouver, it's around $1,674.23 USD.
The cost of housing in Canada varies greatly depending on the location. For example, in Saskatoon, you can find a 1-bedroom apartment for less than $1,000 USD per month, while in Vancouver, it's more like $1,600-$1,950 USD per month for a 1-bedroom apartment in an expensive neighborhood.
Here's a breakdown of the average monthly rental cost of different property types in key Canadian cities:
In terms of price per square foot, in Montreal, a 1-bedroom apartment in the city center costs around $547.06 USD per square foot, while in Ottawa, it's around $405.36 USD per square foot. In Toronto, a 1-bedroom apartment in the city center costs around $838.28 USD per square foot, while in Vancouver, it's around $890.74 USD per square foot.
Overall, the cost of renting a house or apartment in Canada can vary greatly depending on the location and type of property.
Regional Living Costs
Canada's cost of living varies depending on the region. Montreal, for instance, has an average monthly cost for one person of $878 USD.
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In Montreal, you can expect to pay around $878 USD per month for basic expenses, not including rent. This makes it a relatively affordable option compared to other major cities.
Ottawa, on the other hand, has a slightly higher average monthly cost for one person of $952 USD. However, costs of living are relatively low compared to other major Canadian cities.
Here's a breakdown of average monthly costs for one person in different Canadian cities:
These costs are in US dollars and do not include rent. Keep in mind that prices can vary depending on the specific location and lifestyle within each city.
Expensive and Affordable Places
Canada has some expensive and affordable places to live, depending on the city you choose. Montreal has an average monthly cost of 878 USD for one person, while New York has an average monthly cost of 1,356 USD for one person.
Some cities are more affordable than others, with Montreal and Vancouver being two of the most affordable options, with average monthly costs of 878 USD and 941 USD, respectively. In contrast, cities like New York and Boston are much more expensive, with average monthly costs of 1,356 USD and 1,149 USD, respectively.
Here's a quick comparison of the average monthly costs for one person in some major cities in Canada and the US:
Is Expensive?

Canada is indeed an expensive country, with living costs similar to those in the USA. Some things, like gas, cost more in Canada.
Rent, however, tends to be lower, especially in cities like Montreal where you can find affordable options. But if you want to live in a major city like Ottawa, you may want to consider the nearby suburbs, like Gatineau, to save some money.
The cost of living in Canada varies widely depending on the province and its government and tax rates. More populated provinces tend to be more expensive, while quieter provinces are cheaper.
Here's a rough idea of the cost of living in some major Canadian cities:
Keep in mind that these are just rough estimates, and your actual cost of living will depend on many factors, including your lifestyle and personal choices.
Most Expensive and Cheapest Places to Live
Canada's cost of living varies significantly depending on the city you choose to live in. Some cities are more expensive than others, while some are quite affordable.

Montreal is one of the more affordable cities in Canada, with an average monthly cost for one person being around $878 USD. This cost includes expenses such as food, transportation, and entertainment, but not rent.
In contrast, New York is one of the most expensive cities in the US, with an average monthly cost for one person being around $1,356 USD. This is more than 50% higher than the cost in Montreal.
Here's a comparison of the average monthly costs for one person in some of the cities mentioned:
It's worth noting that these costs are just a general idea of what to expect, and can vary depending on your personal lifestyle and choices.
Most Expensive Cities
If you're considering moving to Canada, be prepared for some steep housing costs, especially in the country's biggest cities. The five most expensive cities to live in Canada are Toronto, Vancouver, Montreal, Ottawa, and Calgary.
Toronto, the country's biggest city, is now the most expensive city in Canada, overtaking Vancouver in the Mercer Cost of Living ranking. It's a vast business hub with a fast pace and multicultural flavor, similar to New York.
Vancouver, on the other hand, is a port city with a milder climate and stunning natural beauty. Its thriving arts scene and outdoor activities make it a popular place to settle.
Montreal, the bilingual city of Canada, is beloved for its sophistication and distinct Quebecois culture. If you choose to live in Quebec, be aware that you'll need to learn French.
Ottawa, the federal capital city, has a reputation for being a bit staid, but it's also known for its vibrant museums and music festivals.
Calgary, in Alberta, is a city with a strong oil industry presence and a cowboy culture. It's one of Canada's most recognizable places.
Here are the top 5 most expensive cities to live in Canada, ranked by Mercer Cost of Living index:
- Toronto, Ontario
- Vancouver, British Columbia
- Montreal, Quebec
- Ottawa, Ontario
- Calgary, Alberta
Keep in mind that rent prices can vary depending on the neighborhood and type of accommodation. However, as a general rule, rent typically takes up 35% to 50% of your monthly expenses.
Sources
- https://wise.com/us/blog/cost-of-living-in-canada
- https://www.internationalcitizens.com/living-abroad/costs/canada.php
- https://mdccanada.ca/news/live-in-canada/cost-of-living-in-canada-vs-us
- https://www.internations.org/canada-expats/guide/housing
- https://www.mylifeelsewhere.com/cost-of-living/canada/united-states
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