Cost of living in Canada: All you Need to Know

This article is about Cost of living in Canada


Victoria, BC is presumed to have a significant expense of living. Contrasted with other Canadian urban communities this might be valid, and comparative with rustic territories the nation over it unquestionably is, however in the event that you make worldwide correlations with urban areas of comparable populace, atmosphere and openings you’ll discover Victoria gives extraordinary worth.


On the off chance that lodging moderateness is your sole measure, Victoria appears to be costly. According to the 6th Annual Demographia International Housing Affordability Survey 2010, Victoria sits in 8th position on the table of severely unaffordable housing markets. To increase some point of view in any case, it must be noticed that Vancouver is at the highest priority on this rundown!


What’s more, the overview, while being worldwide in scope, just analyzes Australia, Canada, Ireland, New Zealand, The UK, and The US.

Living in Canada, a site giving data about emigrating to and living in Canada, states, “A great many people from the UK and Europe discover the average cost for basic items in Canada is fundamentally lower than their nation of origin.” The essential expense for merchandise is lower, force and fuel are less expensive, and obviously our well being administrations are to a great extent secured.

Balancing the higher housing costs in Victoria is the mild climate (and lower home heating costs than the rest of Canada), well paid employment and opportunities for post-secondary education, along with accessible conveniences and by and large personal satisfaction offered in the city.

The housing market in Victoria is expected to remain stable due to the constant influx of baby boomers retiring to Victoria, which demographics suggest is unlikely slow for the next 15 or 20 years.

Another calculation of the cost of living, the Consumer Price Index (CPI), tracks the retail price of a representative shopping basket of around 600 goods and services from an average family unit’s use: nourishment, lodging, transportation, furniture, apparel, and diversion. The CPI is estimated against a base year which is given an estimation of 100. In 2009 the CPI national normal was 114.4, which implies that what you could purchase for $100 in 2002 expense $114.40 in 2009. The CPI in 2009 for Victoria was $111.90, altogether lower than the national normal. More data about the CPI can be found at the Statistics Canada site.

So housing in Victoria is expensive compared to much of Canada, but the cost of living is not exorbitant. What’s more, inside the Greater Victoria territory there is a wide scope of lodging with varying value focuses. Given the variety of housing and price ranges available across Victoria’s municipalities, almost everybody can find a neighborhood that fits their housing budget!


Generally, Victoria does have a higher cost of living than many parts of Canada, but it continues to be a popular place for people who want to relocate within the country because of the many benefits of living in Victoria. And if you take a global view, comparing Victoria to cities possessing similar standards of living, temperate climate, natural beauty, employment and education opportunities, you are sure to find living in Victoria really offers great value.


Notable price of residing variations exist between Oakville and Mississauga in Ontario, Canada. The relocation discussion board at signifies that each areas are great locations to dwell however Mississauga presents a neater commute into downtown Toronto. Economic and retail experiences record higher-than-average family incomes in Oakville that translate to pricier meals and leisure actions. Increased demand continues to drive up costs on Mississauga housing items whereas Oakville actual property stays comparatively inexpensive.



The urban communities of Mississauga and Oakville are rural areas on the edges of Southern Ontario. Jeff O’Leary, a neighborhood Oakville actual property agent, feels every metropolis presents residents a definite sort of way of life. Europeans arrived in Mississauga throughout the early 1600s and bought the land from native natives. Railway enlargement helped the town emerge as an trade powerhouse. Citibank Canada, Hewlett Packard and Target Canada are just a few of the businesses with headquarters presently positioned in Mississauga.

Oakville fashioned round Dundas Street, an space initially scouted for navy use. Close proximity to waterways made the town a shipbuilding heart. Despite internet hosting numerous oil refineries and automotive crops, cost of living in canada, Oakville emerged as a family-friendly metropolis with many cultural and academic sights.



Mississauga and Oakville are forward of the curve when in comparison with the remainder of Canada. Information supplied by the Mississauga Economic Development Office discovered that roughly 31 % of native residents obtained a University degree schooling. In 2000, the town boasted the best variety of post-secondary graduates, besting different extremely populated areas together with Toronto. During that very same interval, the typical family earnings in Mississauga was roughly $80,442 Canadian {dollars} (CAD) and $58,360 CAD all through the remainder of Canada.

A 2001 retail and business service evaluate created for Oakville describes native incomes as 157 % above common Canadian ranges. Residents reported annual wages of roughly $105,150 CAD. Similar to neighboring Mississauga, many residing in Oakville have post-secondary levels. City-Data.Com discovered that roughly 33 % of native residents efficiently accomplished University.


Cost of Living Differences

Merriam-Webster defines the price of residing as prices related to sustaining a selected way of life formulated by calculating the typical value of a number of items and companies. Differences related to residing in numerous areas happen as a result of a wide range of components.

Location performs a consider increased residing prices. People flock to fascinating areas, creating a requirement for housing, items and companies. As a end result, suppliers enhance their costs.

Increased disposable earnings raises the typical price of residing in a selected space. Residents with further funds create a thriving native marketplace for luxurious items.

Cost of residing variations happen as earnings ranges for a selected space begin to exceed native averages.


Price Comparisons

Pricing knowledge for Mississauga and Oakville. Individuals taken with relocating ought to notice the next:

Shopping in native supermarkets is hit and miss relying on the merchandise. Boneless rooster breasts in Mississauga are $eight CAD, nearly three {dollars} cheaper than Oakville costs.

Household and imported brews are $2 less expensive in Mississauga. Local retailers additionally cost $10 CAD for a pack of Marlboro cigarettes. The identical pack prices $14 CAD in Oakville.

Utilities together with fuel, electrical and water price $250.92 CAD per 30 days for an average-sized condominium in Oakville. The identical month-to-month companies in Mississauga are roughly $192.73 CAD.

Renting a one-bedroom condominium in Mississauga is costlier than buying an abode in Oakville ($1,100 to $1,325 CAD versus $800 to $1,200 CAD).

Three-bedroom flats within the heart of family-friendly Oakville are costlier than centrally positioned Mississauga abodes ($2,000 versus $1,825 CAD). Apartments on the outskirts of Oakville are considerably cheaper than outlaying Mississauga housing ($1,175 versus $1,600 CAD).


In Closing

The price of residing in Oakville is considerably increased than residing in neighboring Mississauga. Lengthy commute instances forestall Oakville actual property costs from rising, however prices stay excessive for different objects together with meals and cigarettes. Talking with an Oakville actual property agent proves invaluable when considering a transfer to suburban Ontario.