Living Costs in Toronto
Students vary considerably in their individual tastes, needs and items considered necessities, but some are given up by others for economy. Your choice of accommodation is a major factor in establishing the cost of living as a student in Toronto. Typically a student should budget approximately $1500 per month on living expenses.
Here are some samples of typical expenses for a student
- Rent: $800.00 per month
- Clothing and Personal Effects: $300.00 per month
- Food: $300 per month
- Health Insurance is a requirement for International Students and will cost on average $500 per year.
- Monthly Metropass for subway and buses is $120.00 per month
- The amounts above are only suggestions and are not based on CIC regulation.
Your student advisor can assist you with homestay or residence options that are available in Toronto for your accommodation, as well as airport transfer services to make your arrival in Canada as stress-free as possible.
Be sure to consult the foreign exchange division of your local bank to determine current exchange value of the Canadian dollar in terms of your currency.