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Cost of Living in Vancouver

Albeit Vancouver’s rank as one of the most livable cities in the world, it is the second most expensive place to live in Canada.

Accommodation 

With expensive house prices in Vancouver, renting has become a more viable option. The terms of the contract are basically 12 months and most homes are unfurnished. 

Renting in a bachelor apartment ranges from CAD$600-$900 monthly, a one-bedroom apartment ranges from CAD$700-$1,100, a two-bedroom apartment at around CAD$800-$1,400 and a three-bedroom apartment can cost around CAD$1,000 or higher. 

Expats can check rental vacancies online using sites such as The Province http://www.canada.com/theprovince/index.html, The Vancouver Sun http://www.vancouversun.com/, Community Newspapers http://www.van.net/, and http://www.renthome.ca/

Buying a property 

Among Canadian cities, Vancouver has the least affordable housing. Buying a two storey home in Calgary can only cost CAD$427,067 compared to CAD$917,500 in Vancouver. 

The average cost per square meter of purchasing apartments in the districts of Kitsilano, West Point Grey, West End, Yale Town, Coal Harbour and Gastown is approximately USD$6,751 for 50-square meter apartment, USD$7,224.00 for an 85-square meter apartment, USD$8,280 for a 120-square meter apartment and USD$12,492 for a 200-square meter apartment. 

Utilities 

BC Hydro is one of the largest electric utilities in Canada that sends electric bills every two months. Costs of electricity bills vary on the size of one's home and the usage of heater. If the heater is powered by electricity, expect to get a bi-monthly bill of CAD$120-$600.  

Terasen Gas is a private company that supplies residential gas in Vancouver and is regulated by British Columbia Utilities Commission. Cost of gas is approximately CAD$50-$100.00 per month. 

Bell Canada Shaw and Telus are some of the satellite and cable providers in Vancouver. Cable prices vary depending of the packages; prices can start at CAD$30 monthly. 

Internet connections in BC are mostly high speed broadband or DSL connections. Costs for monthly Internet are at CAD$20- $40. Expats will find hundreds of Internet cafes in downtown Vancouver wherein rates range from CAD$2-$4 per hour. 

Food 

For a dozen of eggs (large), the cost is around CAD$3.00 (USD$2.83) while a kilogram of white loaf bread costs CAD$3.50 (USD$2.36). Vegetable such as tomatoes, lettuce, sprouts and spinach cost around CAD$5.00 (USD$4.72) per kilogram. Flour and sugar is at USD$4.00 (USD$3.77) per kilogram. A 125 grams of instant coffee costs CAD$0.75 (USD$0.71) and a 500 grams ground coffee costs CAD$5.00 (USD$4.72). 

Dining out in a restaurant is pricey; for a three-course meal, get ready to pay around CAD$50.00 (USD$47.15). Fast food meals are still a cheapskate choice at CAD$6.00 (USD$5.66). 

When dining in restaurants, there is no service charge, but tipping is encouraged. 

Transport 

Vancouver's comprehensive public transportation is managed by Translink, which operates an integrated bus system, rapid transit (SkyTrain) and passenger ferry (SeaBus). 

Owning a car in Vancouver can be expensive. Add to that the increasing price of gasoline that ranges between CAD$1.04 to CAD$1.11 per litre depending on the octane preferred. 

 

 

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ExpatFinder.com is a website designed to bring support to people and families living abroad or planning to move overseas. It provides the user with information to help make informed decisions when looking for International health insurance with global cover around the world. Expat life insurance are explained for review at the same time as a choice of selected International medical insurance companies are displayed and free quote by direct contact available. Other sections of the website include online broker and offshore banking reviews including a choice of offshore savings accounts to make the most of your expat money. Users can also transfer money abroad and learn more about QROPS and overseas foreign currency exchange. The one stop place to answer all your needs will bring you information on expat health insurance and US Expat Tax. Should you be preparing to move abroad or living overseas you might be looking for a room for rent or else expat often start with an extended stay in serviced apartments

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