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Canada is one of the best countries globally for international students to live and study in. Students receive internationally recognized schooling from the world’s best institutes and educators. Canada is also home to many ethnic groups which makes the country a diverse place to live. Adding to all this, The University of Toronto, the University of Alberta, and the University of Winnipeg are some of the most prominent and renowned universities in Canada. In comparison to many countries, studying and living in Canada is very inexpensive. There are a lot of costs you need to consider to decide upon your budget.
We have narrowed down the approximate costs for you in the following blog.
Tuition Fees for studying in Canada
The average cost of accomplishing an undergraduate course in Canada across various disciplines can be evaluated at CAD 30,000 (INR 16,15,000) per annum with the range being CAD 12,000 (INR 6,46,000) to CAD 30,000 (INR 16,15,00). As compared to other courses engineering and medicine is a bit more expensive. The average tuition fee of these courses is CAD 22,000 which is INR 11,69,000 approximately. Further, the costs of studying in Canada for courses like Humanities, Business and Management courses range from CAD 5,500 (INR 2,96,000) to CAD 6,500 (INR 3,50,000).
Apart from opting for undergraduate studies, many multinational students also enroll in different postgraduate or master’s degrees programs like MBBS in Canada. The candidates commonly pay an average of CAD 18,000 (INR 9,54,000) in tuition fees, per year for pursuing a master’s in Canada.
Additionally, the management (MBA) programs, in particular, are typically more expensive than the rest of the specializations. The average cost of learning Executive MBA courses is CAD 57,000 (INR 30,31,000). Similarly, the tuition fee for regular MBA programs is approximately CAD 28,000 (INR 14,75,000) for international students.
Accommodation Cost for studying in Canada
Many institutes in Canada offer on-campus dorm room facilities to international learners. If one does not wish to stay on campus they can also opt for off-campus alternatives. For e.g. hostel or renting an apartment. The expense for on-campus lodging might range somewhere from CAD 8,000 to CAD 10,000 (annually). While living in a shared flat can cost you around CAD 400 to CAD 700 per month. Remember, your rent cost also varies from city to city and state to state.
Living expenses for studying in Canada
If we are talking about studying in Canada then students need to keep a little money aside for their groceries, social activities, and other supplies. It’s more reasonable to keep a track of your expenditures so that you don’t exceed your budget. Considering various expenses and living costs, your living expenses would come out to be approximately CAD 15,000. Apart from that, you should also consider these everyday expenses while creating your budgets like personal expenses and incidentals. Your daily expenses will include laundry, toiletries, clothing, dining out, etc.
While studying in Canada, try and make use of regional trains, buses, and subways. Urban cities like Toronto, Vancouver, and Montreal have a well-developed system of buses and subways. In some instances, smaller cities may or may not have subways, but you can always travel through buses, commuter trains, or local taxi services. Your traveling expense would range somewhere between CAD 80 and CAD 110 for a month (indicative). You could also get monthly passes for commuting to college as they are fairly cheap and are pretty reasonable in the long term.
If you are still doubtful of home much is it going to cost to live in Canada, you can visit Calculate costs of studying in Canada (educanada.ca) and fill in some simple details about your plan. You can also visit ForeignAdmits and book a one-on-one appointment with us where we can discuss our future plans.
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