International students have been especially hard-hit by Canada’s pricey housing market. It is becoming more crucial for foreign students to be aware of the potential housing prices they may encounter while studying in Canada, since several of the top ten most expensive locations to reside in Canada are also some of the biggest student cities. In this article will provide an overview of the 10 most expensive cities in Canada to live in and offer practical advice on where to look for more cheap housing alternatives.
1) What Establishes Canadian City Costs?
Recent years have witnessed a sharp rise in house prices in Canada, pushing up living expenses in many areas. Numerous causes, such as the shortage of housing options, population expansion, and strong demand from international purchasers, are responsible for these costs. As a consequence, both locals and foreign students can no longer afford to live in many locations, leaving them vulnerable to abuse. It might be difficult for students to locate inexpensive housing in these locations because of their reputation for having pricey rental markets. For overseas students who are not acquainted with the local renting market, this presents a special challenge.
2) Canada’s Top 10 Most Expensive Cities
The property market is a major factor in Canada’s cities having some of the highest living expenses in the world. The top ten most expensive cities in Canada, with statistics from the 2021 Cost of Living Index, are:
Quebec City, 9.
These cities are renowned for their thriving local economies, elite educational institutions, and many employment possibilities. These conveniences are expensive, however. These places may not only be prohibitively costly for foreign students, but they may also expose them to exploitation.
International students sometimes struggle to afford decent accommodation in these locations and may have to share a tiny flat with several housemates as a result. International students are thus often compelled to choose expensive or subpar rental accommodation choices.
Furthermore, because of the tight competition in the rental market in these locations, foreign students run the danger of being taken advantage of by dishonest landlords and rental agencies. Many college students become victims of renting scams, and unscrupulous landlords take advantage of their lack of knowledge of Canadian rental rules and regulations.
International students sometimes have to take on additional jobs or put in more hours to fund their expenditures in these locations due to the difficult rental market and high cost of living, placing them at danger of being exploited by employers.
Despite these difficulties, Canadian law provides safeguards for foreign students. Renters are protected by laws and regulations against landlords who fail to provide safe and reasonably priced accommodation.
It’s critical to comprehend your legal rights and safeguards if you’re an international student studying in Canada. Learn about the rules and laws governing rentals, look for trustworthy sources, and keep up with any changes to the law.
In conclusion, the high expense of living in Canada’s priciest cities might expose foreign students to abuse. However, students may overcome these obstacles and have a safe and fulfilling time while studying in Canada with the right information, legal expertise, and community support.
3) The Effect on Foreign Students
Many Canadians are impacted by the high cost of living in Canada, but overseas students have particular difficulties in this market. These students already have a significant financial burden due to the high cost of tuition and other study-related expenses in Canada. They are also need to spend much more than students from other nations on basic living expenditures due to the high rental charges in the most well-liked study cities.
Even the “affordable” Canadian towns might be a shock to their finances since many foreign students come from nations with lower cost of living standards. It is impossible to overstate how this affects students’ quality of life, since they often have to forgo basic requirements or work part-time to make ends meet.
Due to their often ignorance of their rights and the country’s rental rules, international students are especially susceptible to being taken advantage of in Canada’s rental market. Knowing that these students have few alternatives and limited finances, dishonest landlords or rental agencies may impose astronomical costs or demand irrational deposits.
International students in Canada nevertheless have certain legal rights despite these difficulties. Students are guaranteed to get fair treatment and reasonable rental prices thanks to the regulation of the rental market by federal and provincial regulations. Student unions and other advocacy organizations also make an effort to guarantee that foreign students have access to reliable information and tools to aid them in navigating this market.
Before deciding on a place to reside in, foreign students should consider their alternatives in order to lessen the effects of high living expenses. When choosing a location to reside, they should take into account elements like housing expenses, groceries expenditures, and transportation costs. Students should also familiarize themselves with Canadian rental rules and look for advice from qualified experts and activists. By doing these things, foreign students may lessen the financial difficulties of studying in Canada and concentrate on accomplishing their academic objectives.
4) Students’ Rental Market Challenges
International students have considerable effects as a result of the high cost of living in Canadian cities. The largest obstacle these students must overcome as they look for reasonably priced somewhere to reside while they study is housing. On-campus housing is offered by the majority of Canadian colleges, however due to a lack of available rooms, many students choose to rent private flats instead. Unfortunately, since the rental market in most cities is so competitive, finding a quality apartment may be a nightmare for students.
Apartments near colleges or in downtown districts are often more pricey. In reality, a lot of landlords use the lack of available accommodation as an excuse to charge desperate students expensive rates. For instance, in Toronto, a one-bedroom apartment typically costs $2,100 a month to rent, while a two-bedroom apartment costs, on average, $2,800. A one-bedroom condo in Vancouver typically costs roughly $1,900 a month, while a two-bedroom home may go up to $3,000.
Additionally, the high rental charges come with other expenditures like electricity bills, internet and cable fees, and other incidentals. Many students are thus compelled to take part-time jobs to boost their income and pay for living costs.
The rivalry for rental houses is another issue for international students in the rental market. For each vacant apartment, landlords often get a large number of applications, making it difficult for foreign students to find housing.
Many overseas students may lack the credit history or income evidence that is often required by landlords. Some landlords also need Canadian co-signers, which may be difficult for international students without relatives or acquaintances in the country.
Due to their lack of understanding of the local housing market and rental legislation, foreign students face additional hurdles in the renting market, leaving many of them exposed to shady landlords who prey on their ignorance.