I know I talked about that in my previous post: Preparing your Landing IV - Money, however the below table represents a reality check, I'm now sharing with you what's actually
paying every month in my journey in Canada.
for a one or two bedroom apartment
This amount is for public transportation for the wife or the person who doesn't
drive, and it depends on where you go, one city or GTA.
Depends on your usage
Outdoor parking is cheaper
You some time need to park in a paid parking inside the city
Depends on the coverage and the insurance company
Depends on the luxury level you want
Barber, Bank Fees …etc
This is Two Mobile phones (with couples plan, which means unlimited free calls between
the couples), 1 Mbps Internet, and Home Phone. All from Rogers for $145 monthly.
You can add a cable
TV for like $30 or $40 … for me I just don't have TV lol
That's $600 to $840 per year, it's enough for winter and summer clothes (twice a
year), but again it depends on what you want to buy and from where
Restaurants, Picnic, Hanging out …etc. average restaurant cost for a family of three
is $50 to $75 (if it's a fancy restaurant)
Total Living Cost
Not including the optional expenses below
If you want to put your kid in a pre-school or a daycare you would be paying this
Electricity & Water
This is most likely to be included with your rent
I hope I covered everything, I will make sure to update that table if anything changed.
Feel free to ask me any question about Cost of Living in Canada.
Update [Jan 2011]: You guys probably heard about the new Daily Group Deals trend, if not then you should cause it's a great way to save money. You can save up to 90% if a number of people buy the deal. There are now plenty of those sites like Groupon, Living Social, WagJag, DealFind, TeamBuy etc... but it would be great to get all daily deals in one place. Hope that helps.
[Update] I also launched a new daily deals blog where I'm posting a lot of useful saving tips and tricks in the daily deals space.