What financial conditions are needed to live in Canada?

First of all, the biggest expense of living in Canada is housing. The housing prices in each city are different, so the expenses for each family are also different: renting an apartment with two bedrooms, one kitchen and one bathroom in downtown Vancouver, about 70 square meters, costs about 1,000 Canadian dollars; in Toronto, it costs about 800 Canadian dollars; It costs about 600 Canadian dollars in Montreal; this kind of apartment is fully equipped and you can move in directly with bedding. The apartment has air conditioning and heating, 24-hour hot water (free), some apartments also have free electricity, and there are ample parking spaces at the bottom of the building. Gym, indoor swimming pool, 24-hour security, feel as safe and comfortable as staying in a hotel. Such apartment buildings are also differentiated by region and grade. If they are slightly away from the city center, the prices will be different.

The second is the daily expenses of the family. In terms of food costs, the price of chicken, fish, meat and eggs in Canada is about the same as in China. When the prices are on sale, it is almost half buy and half free, and it is at the freshest time. For example, a dozen large eggs or a large pork chop are 9 cents and 9 cents. Milk is cheaper than in China, and the prices of vegetables and fruits are similar to those during the Spring Festival in Chinese cities. Many of them are organic and have strict expiration dates, so they can be eaten with confidence. Most new immigrants brought enough household necessities with them when they came to Canada, and they didn't even need to buy more clothes in a short period of time. Fixed monthly expenses include phone bills, cable TV bills, and transportation. In addition to paying about 60 Canadian dollars for the initial installation, the monthly fixed basic phone fee is about 25 Canadian dollars. You can make local calls for free. Domestic long-distance and international long-distance calls are charged separately--but you can buy a phone card to make long-distance calls. Very cheap. You have to pay the cable TV fee. If you don't connect to the cable TV, you can hardly see a clear TV picture. This fee is CAD 30-40 per month, depending on the number of TV channels connected. In terms of transportation costs, the price of buying a general monthly subway or bus pass is about 80 Canadian dollars, and a single trip is a little more than 2 Canadian dollars. The price is different in each city, but the difference is not big. If you buy or rent a car, the insurance premium will vary depending on your personal safety record and in different cities, ranging from 60 Canadian dollars per month to 300 Canadian dollars per month.

You don’t have to worry about education expenses. Children’s tuition fees from elementary school to high school are free. The milk fund for a child under 18 years old is enough to cover your family’s expenses. Parents don’t need to pay for their children to go to college. If you are worried about tuition fees, your children can independently apply for interest-free bank loans, government grants or school scholarships. Part of the loan can be appropriately reduced after graduation, and the Canadian government will help pay for it. English learning for new immigrant adults is basically free, and some schools also subsidize transportation costs and help take care of younger children.

In terms of medical expenses, the medical insurance plan is one of Canada’s benefits. When new immigrants receive a medical card, they can see a doctor for free, and the government will bear all the food, drinks, and diarrhea when they stay in the hospital. They don't have to pay out of their own pockets, unless they go to the pharmacy to buy their own medicine. If they have insurance, they only need to pay about 10% of the cost for some medicines.

When buying a house in Canada, the owner of the house also owns the land forever. There are discounts for one-time payments just like in China, but they are usually ten or twenty-year mortgage loans. Down payment: For home buyers who have jobs in Canada or have been investment immigrants, the down payment is 30%, and the loan interest is Generally at 3.5-4.9%.

Buy an apartment in the city center of five cities in Canada:

A fully furnished two-bedroom, one-living-room, one-kitchen-one-bathroom house:

280,000 Canadian dollars in Vancouver

Toronto CAD 220,000

Montreal CAD 180,000

Calgary CAD 160,000

Ottawa CAD 160,000

Facilities Complete villa of 250-300 square meters:

Vancouver 400,000-500,000 Canadian dollars (except Vancouver West)

Toronto 300,000-400,000 Canadian dollars

Montreal 20 -300,000 Canadian dollars

Calgary 250,000-350,000 Canadian dollars

Ottawa 200,000-300,000 Canadian dollars

If you want to learn more about studying abroad, search "Canada Settlement Forum" "Look inside, there are very detailed instructions there