Are you looking south of the border and dreaming of a move to Canada?
Our northern neighbor has always been a popular choice for Americans. The tranquil lifestyle, universal healthcare, and close ties to the US make it a very attractive option that many dream of following through on.
How much would it cost to move to Canada, though? Before you make the leap, you'll want to know what expenses you're going to face.
Whether you're looking to relocate for work or family, check out this guide to learn more about moving to Canada from the US and what to expect.
Immigration Fees
The cost of moving to Canada can vary depending on individual circumstances, but there are some average fees that applicants can expect to encounter. The basic application fee for permanent residency is currently $825, with additional fees for the required medical exam and biometrics.
For those looking to move with a spouse or other family members, there are additional fees for each additional family member. The total cost can range from $1,500 to $2,000 for a single person, and up to $10,000 for a family of four.
Travel Costs
The average cost of a one-way flight for a family of four from the United States to Canada is around $3,000. Other travel expenses to consider include accommodation, food, and transportation within Canada, which could range from $100-$150 per day.
Moving belongings can also add to the cost, with a shipment of a one-bedroom apartment costing approximately $2,500. Overall, the total cost of living in Canada on average could range from $10,000 to $20,000.
Housing
In major cities like Toronto and Vancouver, the cost of renting or purchasing a home can be high. Monthly rent for a one-bedroom apartment can range from $1,000 to $2,500 while buying a home can cost anywhere from $300,000 to over $1 million.
In smaller cities and rural areas, the cost of housing may be more affordable, with monthly rent for a one-bedroom apartment averaging around $800 to $1,200 and home prices ranging from $200,000 to $500,000. If the cost struggles you, you can view rent to own homes and consider having one.
Utilities
On average, it would cost around $700 to $1,500 for utilities such as electricity, water, and heating in a one-bedroom apartment. Additional expenses such as internet and cable can add another $100 to $200 per month. In some provinces, landlords may also charge for garbage and recycling services.
Healthcare
Canada has a universal healthcare system which is funded through taxes and is available to all residents. This means that as a new immigrant, you would also have access to this essential service.
However, the cost would vary depending on factors such as your age, health status, and province of residence. On average, an individual can expect to pay between $600 to $1,000 per year for healthcare in Canada, while a family of four could pay anywhere between $2,000 to $4,000 annually.
Breaking Down the Numbers: How Much Would It Cost to Move to Canada
Knowing how much would it cost to move to Canada can be an exciting and life-changing decision. By researching the average expenses and creating a budget, you can plan and prepare for a successful relocation.
So why wait? Start planning your move to Canada today and turn your dream into a reality!
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