Settlement funds recommended by IRCC (Immigration, Refugees, and Citizenship Canada) are intended to help newcomers meet basic needs during their initial period in Canada, such as housing, food, and other essentials, while they settle and secure employment. However, these funds are designed for survival rather than comfort.
The actual cost of living in Canada can be significantly higher. Conservative estimates indicate that the monthly cost of living, excluding rent, can exceed $1,500 in many Canadian cities, based on data from sources like Numbeo.com. This figure only covers basic expenses such as groceries, transportation, and utilities.
To better understand what it costs to live in Canada and move beyond survival into a more comfortable lifestyle, it's essential to consider the specific city you'll be living in. For example, Toronto and Winnipeg can have vastly different living expenses. A comparison of costs in these cities, using crowdsourced data, reveals significant variations in how much you might need to budget for your monthly expenses.
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