How much does it cost to live in Canada?

If you have decided that you will be migrating to Canada, then one of the foremost calculation that is needed from your end is the calculation of how much will it cost to live in Canada? and what will be the amount that will be required to migrate to Canada? It is important to migrate to another country with proper research and to know about your financial status is the foremost step of migration. You might be well- off and sufficiently able in your homeland but that not be the case after migrating to Canada. The value of a currency is different in different countries and your monetary situation affects the migration decision to a major extent.

 Expenditure in Canada in comparison with other countries

The expenditure calculation will depend on the exchange rate of your home country currency and the Canadian dollars. Your initial calculation will be an account of how many days your current money will help you sustain in Canada and how much fees will be paid by you in order to convert your money into Canadian Dollars. You need to compare your currency with respect to the Canadian dollars at the time of immigration and some of the rate which can help you in the calculation are:

·         1000 Dollars = 1270 $ CAD

·         1000 Pound = 1650$ CAD

·         1000 Euro = 1460 $ CAD

·         1000 Rupees = 18.87 $ CAD

Read More - How To Apply For Canada Permanent Resident Visa From India 2019

What are the most expensive cities in Canada?

Every country has some places where living rate is higher than the other cities and the standard of living can vary on the basis of how expensive those cities are:

The most expensive cities of Canada are listed below:

·         Vancouver, British Columbia

·         Toronto, Ontario

·         Victoria, British Columbia

·         Calgary, Alberta

·         Hamilton- Burlington, Ontario

In these cities the average cost of one-person living is 1,038.73$ CAD. With this calculation in the mind another calculation that is equally important is that how much will you make by living in Canada. And your salaries and earnings will change to a major extent depending on which city in Canada you are living. The amount of the salary of a person is dependent on not only which city in Canada he is living in but also in which field the person is working. Some of the professions and their average salaries are-

·         Graphic Designer – 37,966$

·         Financial Analyst - 52067$

·         Product Manager 59398$

Read More - Canada Permanent Resident Visa Processing Cost From India

Immigration Services charge very nominal fees to process your application when compared to the price of your life and career. The application process for the Permanent Residency ( PR) status in Canada can be highly intimidating for someone who is a layman  and rejection chances of their application are extremely high therefore in order to avoid such mishap it’s advised that a good consultancy firm is hired by the candidate . There are Few things that one should be kept in mind while hiring a consultancy firm are that it should have a good track record and it should be registered with the ICCRC. A smart candidate will take the right decision of hiring a good immigration service and undertake correct steps for immigration at the right time.