How Much Does Student Housing Really Cost in Canada?
Planning your finances? Here’s what Indian students need to know about student accommodation costs in Canada for 2024.
1. The Real Cost of Living in Canada
- Rent: $600–$1,500/month (varies by city)
- Groceries: $200–$300/month (shop at Walmart/No Frills)
- Transport: $80–$150/month (student transit passes available)
- Hidden Costs: Winter gear ($200+), health insurance ($600/year)
City Comparison:
- Most Expensive: Toronto/Vancouver ($1,200+ for rent)
- Most Affordable: Montreal/Edmonton ($600–$900 for rent)
On-Campus Housing: Convenience vs. Cost
Pros:
- Walk to classes
- Social opportunities
- Utilities included
Cons:
- Expensive ($800–$1,600/month)
- Limited privacy
3. Off-Campus Housing: Freedom & Savings?
Where to Look:
- Facebook Marketplace
- Kijiji/Craigslist
- University housing boards
Shared vs. Solo:
- Shared: $500–$900/month (best for savings)
- Solo: $900–$1,500/month (more privacy)
(Warning: Always visit before paying deposits!)
4. Homestays & Short-Term Rentals
Homestays ($700–$1,000/month):
- Meals included
- Cultural immersion
- Less independence
Short-Term Rentals:
- Airbnb ($40–$100/night) – good for first weeks
- Sublets (cheaper but verify lease terms)