Hey there, future Canadian student! If you’ve got your eyes set on studying in the Great White North, you’re probably wondering about one crucial thing: the money situation. Trust me, I get it – budgeting for life abroad can be overwhelming, especially when you’re coming from Bangladesh and trying to figure out what your monthly expenses might look like.
When I first started researching Canadian universities, I was shocked at how much the costs varied depending on which city I was looking at. Vancouver and Toronto? Budget-busters. Halifax or Quebec City? Much more wallet-friendly.
In this guide, I’ll break down everything you need to know about monthly living costs in Canada so you can prepare properly and avoid any financial surprises. Let’s dive in!
The Big Picture: Average Monthly Living Costs
Let’s start with the question on everyone’s mind: how much money do you actually need each month to live comfortably in Canada?
The average monthly living cost in Canada ranges from CAD 2,200 to CAD 3,900 for a single person living in a one-bedroom apartment. That’s a pretty wide range, right? That’s because your costs will vary dramatically depending on:
- Which city you choose
- Whether you live on or off-campus
- Your personal lifestyle choices
- How savvy you are with budgeting
As an international student from Bangladesh, you’ll need to be extra careful with budgeting since the exchange rate isn’t in our favor. But don’t worry – with some planning and smart choices, you can make it work!
1. Accommodation: Your Biggest Expense
Let’s be real – housing will take the biggest bite out of your monthly budget. Here’s what you can expect:
On-Campus Housing
On-campus housing typically costs between CAD 8,000 and CAD 10,000 per year. This breaks down to about CAD 800-1,000 per month, but remember that most university residences only offer 8-month contracts covering the academic year.
The benefits? You’re close to classes, utilities are usually included, and you’re surrounded by other students. The downside? It can be more expensive than some off-campus options, and you might have to move out during summer breaks.
Off-Campus Rentals
If you’re looking to save some money, off-campus housing might be your best bet. Rental costs range from:
- Shared accommodations: CAD 400-700 per month
- Bachelor/studio apartments: CAD 800-1,500 per month
- One-bedroom apartments: CAD 1,000-2,500 per month (depending on the city)
Remember that places like Toronto and Vancouver will be at the higher end of these ranges, while smaller cities like Quebec City, Halifax, or London (Ontario) will be more affordable.
Pro tip: Look for housing that includes utilities in the rent – this can save you from unexpected bills during those freezing Canadian winters when heating costs skyrocket!
To find affordable housing, check Places4Students – Student Housing.
2. Food Costs: Groceries and Dining Out
Your food budget will depend on your cooking skills and how often you eat out. Here’s a breakdown:
Groceries
A typical student grocery budget ranges from CAD 200-400 per month if you cook most of your meals at home. This can vary based on your dietary preferences and where you shop.
Money-saving tip: Shop at budget grocery stores like No Frills, Food Basics, or FreshCo instead of higher-end stores like Whole Foods or Loblaws. Also, download apps like Flipp to compare grocery deals across different stores.
Dining Out
A meal for two at a mid-range restaurant costs about CAD 100, while a basic meal at an inexpensive restaurant costs around CAD 20-25. If you’re getting fast food, expect to pay CAD 12-15 for a combo meal.
If you eat out frequently, your monthly food costs could easily exceed CAD 600-800. As a student on a budget, try to limit eating out to special occasions.
3. Transportation: Getting Around
Canadian cities have varying levels of public transportation efficiency. Here’s what you need to know:
Public Transit
A monthly public transit pass costs around CAD 105 on average, but this varies by city:
- Toronto: CAD 156 (TTC monthly pass)
- Vancouver: CAD 98-181 (depending on zones)
- Montreal: CAD 90.50 (STM monthly pass)
- Ottawa: CAD 122.50 (OC Transpo monthly pass)
Most universities offer discounted student transit passes, sometimes included in your student fees. These can save you up to 40% compared to regular passes.
Ridesharing and Taxis
Uber, Lyft, and traditional taxis are available in most Canadian cities but can add up quickly. A 10 km Uber ride might cost you CAD 20-30 depending on the time of day and city.
Biking
Many Canadian cities are becoming more bike-friendly. If you live close to campus, investing in a bicycle (CAD 150-500 for a decent used bike) could save you money in the long run. Just remember that winter cycling isn’t practical in many Canadian cities due to snow and ice.
4. Utilities: Keeping the Lights On
If utilities aren’t included in your rent, here’s what you can expect to pay:
- Basic utilities (electricity, heating, cooling, water, garbage): approximately CAD 207 per month
- Internet: around CAD 85 per month
- Mobile phone plan: CAD 50-100 per month
Student hack: Many telecom companies offer student discounts. Check out Fido, Koodo, or Freedom Mobile for more affordable phone plans. For internet, consider sharing the cost with roommates.
5. Healthcare: Staying Covered
Healthcare in Canada is primarily public, but as an international student, your coverage will depend on which province you’re studying in.
Most provinces require international students to have health insurance. Some universities automatically enroll international students in their health insurance plans, with costs ranging from CAD 600-1,000 per year. This is typically added to your tuition fees.
Provinces like British Columbia, Manitoba, and Alberta allow international students to access provincial healthcare after a waiting period, while others require private insurance for the duration of your studies.
Important: Budget for medications and dental care, as these are generally not covered by basic health insurance plans.
6. Entertainment and Social Life: Having Fun on a Budget
Let’s face it – you’re not just in Canada to study 24/7! Here’s what entertainment might cost you:
- Movie ticket: CAD 15
- Gym membership: CAD 40-80 per month
- Coffee at a café: CAD 4-6
- Domestic beer at a pub: CAD 7-9
- Night club entry: CAD 10-20
- Museum or attraction entry: CAD 15-30
Entertainment costs can range from CAD 150 to CAD 800 per month, depending on your lifestyle. As a student from Bangladesh, you might find these costs particularly high compared to back home.
Budget-friendly fun: Look for free campus events, student discounts (always carry your student ID!), and outdoor activities like hiking, which Canada is famous for.
7. City Comparison: Where’s Most Affordable?
Not all Canadian cities are created equal when it comes to cost of living. Here’s a quick comparison:
Most Expensive Cities
- Vancouver
- Toronto
- Victoria
- Calgary
More Affordable Cities
- Quebec City
- Halifax
- London (Ontario)
- Winnipeg
- Sherbrooke
For a Bangladeshi student, the difference can be significant. In Toronto, you might need CAD 3,500-4,000 per month for a comfortable lifestyle, while in Quebec City or Halifax, you could manage well with CAD 2,000-2,500.
For a detailed cost of living comparison by city, visit Numbeo – Cost of Living in Canada.
Sample Monthly Budget for a Student from Bangladesh
To put everything in perspective, here’s a sample monthly budget for a student living in a mid-sized Canadian city:
| Expense Category | Monthly Cost (CAD) |
| Accommodation (shared) | 600 |
| Food (mostly home-cooked) | 300 |
| Transportation (student pass) | 90 |
| Utilities | 100 |
| Phone/Internet | 80 |
| Books and Supplies | 100 |
| Entertainment | 200 |
| Miscellaneous | 150 |
| Total | CAD 1,620 |
This budget assumes you’re sharing accommodation and being careful with your spending. In more expensive cities like Toronto or Vancouver, you’d need to add at least CAD 500-800 to this total.
Ways to Save Money as an International Student
Coming from Bangladesh, you’ll want to stretch your dollars as far as possible. Here are some tips:
- Work part-time: International students can work up to 20 hours per week during academic sessions and full-time during scheduled breaks. The minimum wage ranges from CAD 13.50 to CAD 16.75 per hour, depending on the province. International students in Canada can work up to 20 hours per week during the academic term and full-time during scheduled breaks. Learn about the latest regulations at Government of Canada – Working While Studying.
- Apply for scholarships: Many Canadian universities offer scholarships specifically for international students. Check your university’s international student office for opportunities. Many Canadian universities offer scholarships to international students. Explore available options at EduCanada – Scholarships.
- Use student discounts: Your student ID is like a magic card for discounts on everything from software to movie tickets to restaurant meals.
- Cook at home: Limit eating out to once or twice a month. Learn simple recipes that can be made in bulk and frozen.
- Buy second-hand: Websites like Kijiji and Facebook Marketplace are great for finding used furniture, textbooks, and winter clothing at a fraction of the retail price.
Frequently Asked Questions
How much does a student need monthly in Canada?
A student typically needs between CAD 1,500 and CAD 3,000 per month, depending on the city and lifestyle. Students from Bangladesh should budget on the higher end of this range initially until you understand where you can cut costs.
Can I afford to live in Toronto or Vancouver as a student from Bangladesh?
It’s challenging but possible. These cities require at least CAD 3,000-4,000 per month for comfortable living. Consider starting in a more affordable city and transferring later if you really want the Toronto/Vancouver experience.
How do I manage currency exchange rates between Bangladeshi Taka and Canadian Dollar?
Use services like Wise (formerly TransferWise) to get better exchange rates than traditional banks offer. Plan large transfers when exchange rates are favorable.
Are there any hidden costs I should know about?
Be prepared for winter clothing (CAD 500-800 for a good quality winter coat, boots, etc.), unexpected health expenses not covered by insurance, and costs for returning home during holidays.
Can I survive without speaking French in Quebec?
Yes, especially in Montreal and Quebec City, where many people speak English. However, learning basic French will enhance your experience and job prospects if you plan to stay in Quebec after graduation.
How do taxes work for international students in Canada?
If you work while studying, taxes will be deducted from your paycheck. You’ll need to file a tax return each year, but students often qualify for refunds. The university’s international student office usually offers tax workshops.
Conclusion: Is Studying in Canada Worth the Cost?
After breaking down all these costs, you might be wondering if studying in Canada is worth it for a student from Bangladesh. In my opinion, absolutely yes!
Canada offers world-class education, fantastic post-graduation work opportunities, and a clear pathway to permanent residency if you decide to stay. The higher living costs are offset by higher potential earnings both during your studies (through part-time work) and after graduation.
The key is careful planning and budgeting. Start saving early, research scholarship opportunities, and consider beginning your Canadian journey in one of the more affordable cities before moving to Toronto or Vancouver if that’s your dream.
Have you started planning your budget for studying in Canada? What city are you considering? Drop a comment below – I’d love to hear about your plans and answer any specific questions you might have!
Want more tips on studying abroad? Check out our other guides on preparing for your Canadian student visa, other tips for international students, and top part-time jobs for students in Canada.
