Every year, people migrate from different countries into Canada either for studies, jobs, vacation, visits or business. These migrations takes them to different parts of Canada. Here in this article are the most expensive cities in Canada to live in 2024.
Canada has about ten Provinces and over 7,986 cities and towns from all the ten provinces. These provinces are; Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario,Prince Edward Island, Quebec, Saskatchewan, Yukon.
Canada has given hundreds of thousands of opportunities to different people from all over the world and has as well joined the high profiled league countries offering the best education ever worldwide.
Canada in 2021 recorded an inflow of about 450,000 international students. This goes to tell how accommodating Canada is to foreigners and all these inflow of students, workers, businessmen and businesswomen has influenced the cost of living in different cities of Canada.
In this article, we have outlined the most Expensive Cities In Canada To Live In 2024
Factors to consider before migrating to any expensive cities in Canada
There are certain factors you should consider before planning to migrate to any of the expensive cities to live in Canada 2024. Below are some of these factors;
- Rent
- Transportation
- Utility bills
- Job location
- Weather
- Family size
Rent
Before making a migration move to any of the cities that will be mentioned later in this article, make sure you take note of the amount for rent in any proposed city. This is important to help you not to become homeless after migrating to a new city. It will also help you budget properly.
Transportation
As you consider migrating, put into consideration, the modes of transportation available in your city of choice and ensure that it fits your plans; most especially your job designation or study schedule.
Utility Bills
Utility bills are part of the factors that influence the cost of living in any city. So, do well to research more from reliable sources on what the utility bills of your city of choice looks like before migrating as this will help you plan financially well.
Job Location
It is not enough to just plan migration without putting into consideration the location where you will be working or studying within the city. Putting this into consideration will help you know where to seek accommodation to avoid spending so much on transportation monthly.
Weather
Different provinces in Canada have their own weather reports. During winter for example, some parts of Canada are extremely cold and might not be suitable for some persons based on their health status. You may need to consider this factor when choosing a city to live in Canada this 2024.
Family Size
The size of your family is a very important factor you must consider when migrating to any expensive city in Canada. Depending on the family size, other important things will come up which are but not limited to; feeding, school fees, healthcare, accommodation and more.
Most Expensive cities in Canada to live in 2024
1. Vancouver
Vancouver has an estimated population of 660,000 people and is said to be one of the most expensive cities in Canada. Vancouver has a good number of universities and colleges.
The average cost of living in Vancouver is $3,956 for a single person who would have to pay rent and other basic bills monthly. This average cost of living was estimated based on factors such as housing, transportation, groceries and entertainment within Vancouver.
2. Toronto
Toronto is one of the Most Expensive Cities In Canada To Live In 2023. Toronto is home to about five (5) universities; four are publicly funded and one is private. The average cost of living in Toronto is about $3, 600 for one person and that of a family of four (4) is roughly about $6,200.
According to expatistan, the cost of living in Toronto is more expensive than 68% of cities in North America and then more expensive than 90% of cities in the World.
Toronto is the capital of the province of Ontario and its high cost of living standards is caused by rent and housing costs.
3. Ottawa
Ottawa being the capital of Canada is located in the Southern part of Ontario near the city of Montreal which is very close to the U.S border. Ottawa is one city to reckon with when it comes to Canadian Government Job opportunities.
So, if you desire to seek a Government job offer, Ottawa is a sure bet of a city to migrate to within Canada. Ottawa just like other expensive cities has its own reasons for being on the list.
The average cost of living in Ottawa for a single person is $3,179 per month with a rent budget. This average is based on many factors including the cost of housing, transportation, groceries, and entertainment.
And for a family of four, cost of living is estimated monthly to be $4,405 without rent.
3. Mississauga
Mississauga is a very large Canadian city neighbouring Toronto on Lake Ontario. The cost of living in the city of Mississauga for a Family of four is estimated monthly to be 4,316.3C$ without rent. And for a single person, it is estimated monthly to cost 1,194.6C$
4. Victoria
Victoria is the capital of British Columbia, it is situated on the southern end of Vancouver Island. It is endowned with abundant parkland, and it is also well known for all kinds of outdoor activities.
The cost of living in Victoria for a Family of four is estimated monthly to cost 4,993.1C$ without rent and for a single person, it is estimated monthly to cost 1,366.8C$. All these were evaluated considering factors such as rent, utility bills, and transportation
5. Calgary
The city of Calgary with a total estimated population of 1.3 Million people is a cosmopolitan Alberta city with so many skyscrapers and also records rapid growth to its status as the centre of Canada’s oil industry.
The cost of living for a family of four in the city of Calgary is estimated monthly to cost 4,858.1C$ without rent while for a single person, it is estimated monthly to cost 1,369.3C$ without rent.
Conclusion
This article has captured the factors to consider before planning a migration to any city in Canada and has as well outlined with costs of living rates with respect to the most expensive cities in Canada to live in 2024.