Types of loans for international students

Many students dream of studying in Canada. The country has world-renowned teaching facilities and universities, an open immigration system, metropolitan cities, and scenic landscapes. Altogether, it’s a great choice for international students.  

Studying in Canada is not as expensive as studying in other countries, like the U.S. or U.K. However it is still a big investment. International students pay between $1,800-20,000 CAD per year to attend a Canadian university or college.  

But, what’s the cost of living in Canada? Canada is a big country and prices vary by region. Nevertheless, the EduCanada government website estimates the average cost of living for foreign students is about $12,000 CAD a year.  

In this guide, we outline how much students across Canada pay for things like rent, transportation, entertainment, and food – and look into some hidden costs that everyone should keep in mind. 

Here is our student guide on the cost of living in Canada: 

Accommodation costs by city  

When you’re studying in Canada, you can choose between living on-campus or off-campus. Living on-campus is a great opportunity to socialize with other students and make friends. Most institutions also give students on-campus the option to buy a meal plan. But, keep in mind that many universities and colleges prioritize first-year students for on-campus housing.  

You might also decide to rent an apartment or room off-campus instead. There are lots of housing options in neighborhoods close to universities and colleges – and these are often advertised specifically for students.  

To give you an idea about how much accommodation will cost, we take a look at some popular Canadian study destinations. Keep in mind, off-campus housing prices might fluctuate because of the pandemic. 

Toronto  

At the University of Toronto, on-campus housing for eight months ranges from about $6500- $20,500 CAD, depending on the room and meal-plan. A one-bedroom apartment in Toronto costs about $2,100 CAD/month on average.  

Vancouver 

At the University of British Columbia in Vancouver, a room and meal-plan will cost you between $10,700-$13,850 CAD for two terms. A one-bedroom apartment in the city center costs $2,050 CAD/month on average.  

Montreal 

At McGill University in Montreal, a single room for 1st-year undergraduate students costs between about $9,700-$12,700 CAD/academic year, without a meal plan. A one-bedroom apartment costs 1,300 CAD/month on average. 

Halifax 

At Dalhousie University in Halifax, a single room costs between $8,130-$9,450 CAD/academic year with a meal plan. A one-bedroom apartment costs about $1,400 CAD/month on average.  

Waterloo 

At the University of Waterloo, a single room in a traditional-style dorm costs between about $6,700-$7,000 CAD for the fall and winter term, not including a mandatory meal-plan. A one-bedroom apartment costs about $1,500 CAD/month on average.  

Food costs  

If you don’t have a meal plan and live off-campus, you must include grocery shopping in your budget. Of course, food prices are different across the country and depend on where you decide to shop.  

Let’s take a quick look at how much essential items may cost in Canada’s largest city, Toronto:  

• Milk (about $3 CAD)

• Rice, 1kg (about $3.50 CAD)

• Apples, 1kg (about $4 CAD)

• Red meat, 1kg (about $16 CAD)

• 12 eggs (about $3.50 CAD)

According to the City of Toronto’s Nutritious Food Basket Calculator, a male aged 19-30 must spend a minimum of $65.50/week to buy healthy food. A female the same age living in Toronto must spend about $51 CAD/week to buy healthy food.  

Transportation costs in Canada 

How much is the average cost of transportation in Canada? Many international students rely on public transportation to get around. And oftentimes, transport costs are included in tuition fees – giving you unlimited access to the city’s whole transportation system.  

But in some cities – like Toronto and Montreal – you can buy your own pass at a reduced fare. In Montreal, a student pass costs $53 CAD/month. In Toronto, which is a much more expensive city, a pass costs $128 CAD/month.  

Outside of larger cities, it can also be useful to have a car, especially if you are used to driving at home. But, keep in mind this can cost a lot extra. To get an idea of how much it costs to drive a car in Canada, check out this driving costs calculator by the Canadian Automobile Association (CAA).  

Entertainment costs 

Canada offers many cultural and outdoor activities for you to enjoy. You can find world-class music festivals, skiing and snowboarding, and giant sporting events like basketball, hockey, and baseball games.  

Of course, you will also still get to enjoy many things you did at home. Here are a few things you might like to do in Canada, along with how much each costs:  

• Visit a renowned museum (many offer free evenings, and entrance for young people or students) 

• Meet a friend for coffee ($1.76 CAD at coffee chain Tim Hortons) 

• Rent skates and go ice-skating outdoors (about $10 CAD)

• Watch a movie in theaters (about $15 CAD)

• Eat dinner at a casual restaurant (about $15-25 CAD)

Insurance costs 

Canada has a publicly-funded health system. However, each province and territory administers its own healthcare. Whether or not you can receive publicly-funded medical coverage will depend on where you are in Canada.  

If you don’t qualify for public healthcare, your institution might require you to enroll in a specific insurance plan or find your own private coverage. You should check with your institutions about exactly what coverage you need to study safety in Canada.  

Hidden costs 

Lots of hidden costs arise when studying abroad, and there are a few things students in Canada should keep in mind.  

For one, it is expensive to own a cellphone in Canada. In fact, cell phone bills in Canada are among the highest in the world. Canadians pay $101 CAD/month, on average, for a cellphone plan.  

You will also need to buy warm winter clothing – including a jacket, boots, socks, gloves, hat, and scarf. You can expect to pay about $300-$400 CAD for these items brand new. However, thrift stores might also carry winter clothing for much cheaper.  

Finally, you shouldn’t forget about Canadian sales taxes. Taxes in Canada are higher than many places in the world and range from about 12%-15%.

You may have heard that London is one of the most expensive places in the world to live in, but fortunately, London, and by extension, England, does not equate to the whole of the UK. In fact, many UK towns and cities are very liveable when compared to other cities across the globe.  

There is quite a bit to look at when considering the cost of living in the UK. Apart from tuition fees, there’s also the cost of rent, transport, and even entertainment – because if you’re living in the UK, there’s no way you should miss out on everything that this great country has to offer- from the food to the culture.  

Let’s look at some aspects of the UK cost of living, so you can best adjust your budget and prepare yourself for a new life abroad. 

Calculating living costs in The UK 

When looking at the cost of living in the UK, it’s best to use an online currency calculator to convert your currency to the British pound – that will give you a better idea of the true cost of living in relation to your country. 

Here’s a rough guide to the currency conversions we have used in this article, dated March 27th, 2020:

• AU$1,000 = £500

• US$1,000 = £805

• €1000 = £895

Once you have a better understanding of the conversion rate, you can better interpret how much rent, utilities and other everyday costs will affect your budget.  

A weekly UK budget 

There are so many factors that contribute to the UK cost of living that it’s impossible to give you a set cost for each week. But a recommended starting point for a budget for a single student in the UK, per week, averages out to about £300. Let’s see how we got to this number (please note these costs are an average from across UK metropolitan cities, outside of the city center). 

If you dream of studying in Australia, be prepared to learn some slang. Aussies are known for their use of informal language. Many consider it part of their national identity.

As this article by two Monash University linguists points out, Australia’s attachment to slang actually goes all the way back to some of the earliest English settlements in the country. 

 So, what slang words should you know before traveling “down under”? Here are 12 popular Australian slang words to get started: 

1. Arvo

“Arvo” means afternoon. According to the Australian National Dictionary Centre, the word was first recorded in 1920. In Australian English, an “-o” is commonly added to shortened words. Two examples are “ambo” (ambulance driver) or “rello” (relative) – but there are many more. 

How to use it: I’m meeting my sister in the park on Sunday arvo.  

2. Barbie

“Barbie” is a short form of barbeque. In Australian English, “-ie” is also added to lots of abbreviated words. The word “selfie” is a good example of this; it was coined by an Australian man in 2002!  

How to use it: We’re having a barbie tomorrow – do you want to come?  

 3. Chucking a sickie 

“Chucking a sickie” means to take a sick day from work when you are not sick – or without a proper reason. Look, there’s that “–ie” again. 

According to a 2018 study, nearly half of Australians who take off sick are actually chucking a sickie.  

How to use it: I’m going to chuck a sickie on Monday to spend an extra day with my family. 

4. Give someone a bell

“To give someone a bell” simply means to call someone on the phone. It’s a term used both in Australia and the U.K.  

How to use it: I’ll give you a bell tomorrow when I’m out of class. 

5. Hard yakka

“Hard yakka” means work hard. The word “yakka” – which first appeared in the 1840s – derives from the word for work (yaga). It comes from Yagara, an Indigenous language in Australia. 

In fact, many Australian English words derive from Indigenous languages. Take a look at some more examples on ABC Learn English. 

How to use it: Studying for my final English exam was hard yakka, but worth it.  

6. Macca’s

“Macca’s” is a nickname for Mcdonald’s. If you used the term Macca’s in the U.S. or Canada, you’d get some funny looks. But the term is very common in Australia. In fact, McDonald’s changed its name to Macca’s at stores across the country for Australia Day in 2013 – and still refers to itself as Macca’s today.  

How to use it: I’m craving a cheeseburger. Where’s the closest Macca’s?  

7. Mate

“Mate” is a popular word for friend. And while it’s used in other English-speaking countries around the world, it has a special connection to Australia. In the past, mate has been used to address men,  but it can be gender-neutral.  

In Australia, you’ll also hear mate used in an ironic sense. If someone is upset with an athlete’s play, for example, they might yell at the T.V.: “maattee!”  

How to use it: G’day mate, how are you doing? 

8. No worries 

“No worries” is a common way to say that something is no bother – or even to say you’re welcome. It’s often used to assure people that everyone will be alright, and not to worry.  

How to use it: “Thanks for taking that shift at work for me!” – No worries, I don’t mind at all.  

 9. She’ll be right

“She’ll be right” is an optimistic way to say that everything will turn out okay in the end.  

Now, why is the pronoun she used? “Australian English often uses the feminine pronoun she where standard English would use it. For example, instead of ‘it’ll be right’ Australians say ‘she’ll be right’,” explains the Australian National Dictionary Centre.  

 How to use it: I’m worried about applying to a university abroad. But I know if I work hard, she’ll be right.  

10. Uey

A “uey” is a U-turn. When you say it, it sounds like “You E”. Instead of saying make a uey, you’re more likely to hear an Australian say chuck a uey.

How to use it: We’re going in the wrong direction! Chuck a uey up ahead to turn around.  

 11. Uni

“Uni” is an abbreviation for – you guessed it – university. The word uni is used in both Australia, New Zealand, and the U.K.; and while it’s not very common in Canada or the U.S., most people would still understand you if you said it. There are 43 unis in Australia – you can take a look at them here. 

How to use it: My best mate from uni just had a baby. She looks just like him!  

 12. Veggo

A “veggo” is a vegetarian. About 3% of the population in Australia say they’re vegetarian, while just 1% are vegan. But if you’re a veggo, you won’t have any issues shopping. There are lots of meat and dairy-free options available in supermarkets and restaurants.  

How to use it: My brother is a veggo. He cooked some amazing veggie burgers on the barbie last weekend.