Cost of Living in Ontario

As an international student, managing your funds may be challenging. Balancing finances with your education is never simple. Knowing the costs and cost of living in the destination you’re considering might make it much simpler because you’ll already have an idea of it. As of 2022 data total of 2,89,835 new students opted for Ontario as their place for their higher education. The rapidly growing economy and high quality of academics make it a popular place among the students. Ontario has its unique cost of living which needs to be considered by students before they plan to study in Ontario. In this blog, we will cover the cost of living in Ontario comprehensively and examine the key areas associated with it. 

Also Read: Study in Canada

Why Choose Ontario? 

While you consider various places to study abroad, Ontario emerges as one of the top places located in eastern Canada offering various reasons to make it an attractive place for international students. 

• Ontario is home to several renowned universities and colleges with exceptional worldwide rankings. 
• The place offers a variety of programs and courses to cater to everyone’s interests and allow students to explore other fields as well. The universities in Ontario ensure that the students gain theoretical knowledge along with practical-world experience. 
• The place offers a diverse culture where students can interact and create networks with people across the world. This exposure enhances their opportunity concerning job prospects and gives them a global outlook. 
• Post-study work facilities are also available for international students. Canada allows post-study work permits to help them gain work experience. The work experience can also help them become a permanent resident of Ontario. 
• Ontario’s rapidly growing economy has increased the job market with numerous employment opportunities, making it an ideal destination to study and settle for international students. 

Also Read: Study in Canada: A Guide for International Students

Cost of living in Ontario

Accommodation 

The price of accommodation takes up a significant portion of the total expense. Places like Toronto and Ottawa are steadily seeing an increase in the price of housing. Students can opt for their mode of living

• Dormitories: Most universities in Ontario offer residency on campus for students. Dormitories are places where many students live together in large buildings. Dormitories provide food courts, and basic utilities at a reduced cost. 
• Off-Campus Apartments: students can also opt for apartments shared with roommates in a single room. It provides amenities such as Kitchen, washrooms and living area. 
• Private Rental Apartments: As you reach Ontario, you can prefer to live in private rental apartments such as Airbnb. 

Type	Amount in CAD	Amount in INR
Dormitories	350-609	21,000-36,500
Off-campus Apartments	400-800	24,100-48,200
Private Rental Apartments	300-500	18,000-30,000

Must Read: List of Colleges in Ontario

Transportation 

There are ways of transportation that a student can opt for but to cut down the cost, students can prefer public transportation which is cheap and secure. Ontario has several modes of public transport such as buses, trains, subways, and more. Students can also avail of discounts with their student I-card. 

Mode	Cost in CAD	Cost in INR
Bus	100	6000
Subway	65	4000
Train	50	3013

Food and Utility Bills

One of the most important factors that students are worried about is the cost of food and dining. The average cost of food along with other bills, the expenses range between INR 12,000 – INR 18000 (CAD 200 – CAD 300). 

Some of the top restaurants that are affordable for students in Ontario are:

• Banh Mi Boys
• Gandhi Cuisine
• Wilbur Mexicana
• Pho Thi Fusion
• El Camino
• The Mule
• Burrito Boyz
• La Luna Express

 Must Read: Canadian Universities with High Acceptance Rate – Leverage Edu

Health Insurance

International students are required to have health insurance to study in Canada. In some cases, students get their health coverage from their universities whereas in some cases students need to buy health insurance of their own which can cost from INR 37,000 – INR 56,000 (CAD 600 – CAD 900) every year. 

Must Read: Health Insurance Plans for Students Studying Abroad.

University Fees

Apart from the cost of living in Ontario, students need to pay their fees for university too which vary from university to university. Since Ontario is home to world-class universities it attracts more international students. The fees of some of the top universities are

University Name	Fees in CAD per year	Fees in INR per year
University of Toronto	47000 – 63000	29.00 Lakh – 39.22 Lakh
University of Waterloo	31,000 – 42,0000	19.00 Lakh – 26.15 Lakh
McMaster University	26,000 – 39,000	16.00 Lakh – 24.00 Lakh
Western University	30000-42000	18.67 Lakh- 25.15 Lakh
Queen’s University	29000-44000	18.00 Lakh- 27.39 Lakh
York University	26000-34000	16.18 Lakh-21.00 Lakh
Ryerson University	25000-32000	15.56 Lakh-32.00 Lakh

Also Read: Canada Student Permit Guide

FAQs

This was all about the Cost of living in Ontario. Hope this blog helped you will the information regarding the cost of living in Ontario. For more articles and updates related to study abroad, follow Leverage Edu