Accommodation costs in Canada can range from CAD 700 to CAD 2,323 (INR 43,300 - 1.43 lakhs) monthly. Several factors, like the type of housing and location within the city influence the prices of accommodation.
Given below is an overview of the Canadian housing market:
Student Accommodation
Average rent: CAD 700 to 1,200 (INR 43,300 to 74,200).
It is common for Universities in Canada to provide housing benefits to their students. These are often bundled with utilities such as internet facilities and washing areas, which is why it is the most economical housing option. Prices are typically in the range CAD 700 to 1,200 per month
Studio Apartments
Average rent: CAD 2,004 per month (INR 1.24 lakhs)
Studio apartments, which combine living and dining spaces, are a great alternative. This is the most popular option among single working professionals. It is noteworthy that prices are steep in the heart of the city and decrease with distance. You can expect to pay CAD 2,004 per month (INR 1.24 lakhs) in Vancouver, CAD 1,763 per month (INR 1.09 lakhs) in Toronto, and CAD 1,194 per month (INR 73,900) in Montreal for this type of accommodation.
1 Bedroom Apartments
For those who treasure and prioritise their privacy, with separate living and sleeping areas, 1-bedroom apartments are a common choice. Within the city’s centre, the rent is CAD 1,369 (INR 84,700), and outside the city’s centre, rents can go up to CAD 1,131 per month (INR 70,000). Averages vary with the city and neighbourhood.
3 Bedroom Apartments (Families)
If you require a larger living space, 3-bedroom apartments cost CAD 2,323 per month (INR 1.43 lakhs) within the city, while costing CAD 1,902 per month (INR 1.17 lakhs) outside the city. Vancouver and Toronto have higher prices due to greater demand, while smaller cities are more affordable.
The table below shows a detailed comparison of housing costs according to type and city.
City
|
On-Campus (Shared Dorm)
|
Off-Campus (Shared Apartment)
|
1BHK Rental
|
3BHK Rental (For Professionals/Families)
|
Toronto
|
CAD 900-CAD 1,500 (INR 54K-INR 90K)
|
CAD 700-CAD 1,200 (INR 42K-INR 72K)
|
CAD 1,800-CAD 2,800 (INR 1 lakhs -INR 1.7 lakhs)
|
CAD 3,500-CAD 5,000 (INR 2.1 lakhs -INR 3 lakhs)
|
Vancouver
|
CAD 1,000-CAD 1,700 (INR 60K-INR 1 lakh)
|
CAD 800-CAD 1,400 (INR 48K-INR 84K)
|
CAD 2,000-CAD 3,200 (INR 1.2 lakhs -INR 1.9 lakhs)
|
CAD 4,000-CAD 5,500 (INR 2.4 lakhs -INR 3.3 lakhs)
|
Montreal
|
CAD 600-CAD 1,000 (INR 36K-INR 60K)
|
CAD 500-CAD 900 (INR 30K-INR 54K)
|
CAD 1,200-CAD 1,800 (INR 72K-INR 1 lakh)
|
CAD 2,500-CAD 4,000 (INR 1.5 lakhs -INR 2.4 lakhs)
|
Calgary
|
CAD 700-CAD 1,100 (INR 42K-INR 66K)
|
CAD 600-CAD 1,000 (INR 36K-INR 60K)
|
CAD 1,400-CAD 2,000 (INR 84K-INR 1.2 lakhs)
|
CAD 2,800-CAD 4,500 (INR 1.7 lakhs -INR 2.7 lakhs)
|
Winnipeg
|
CAD 500-CAD 900 (INR 30K-INR 54K)
|
CAD 400-CAD 800 (INR 24K-INR 48K)
|
CAD 1,000-CAD 1,500 (INR 60K-INR 90K)
|
CAD 2,000-CAD 3,500 (INR 1.2 lakhs -INR 2.1 lakhs)
|