Canada remains one of the most attractive destinations for international students. This is due to its globally respected universities. It also offers generous post-study work opportunities and a high quality of life. However, affordability is often a concern — especially housing. The good news? With the right city choice and scholarship strategy, Canada can still be a financially realistic option for students.
Why Canada Appeals to International Students
Canada hosts over 800,000 international students annually. Institutions like the University of Toronto, McGill University, and the University of British Columbia consistently rank among the world’s best. Beyond academics, Canada offers:
- A clear pathway to permanent residency
- A safe, multicultural environment
- Strong part-time and post-graduation employment opportunities
Major Scholarships Available in Canada
While Canada does not offer fully tuition-free education, it compensates with competitive scholarships:
- Vanier Canada Graduate Scholarships – For doctoral students, covering tuition and living expenses
- Canada-ASEAN Scholarships – Supports students from developing nations
- University-specific entrance scholarships – Often merit-based and renewable
Many universities also provide housing-linked bursaries, reducing rent pressure.
Student Housing Costs in Canada
Housing costs vary significantly by city.
Average Monthly Rent (Students)
- Toronto / Vancouver: $900–$1,300
- Montreal: $600–$900
- Winnipeg, Saskatoon, Halifax: $400–$700
Students who live in shared housing or university-managed residences save substantially.
Best Canadian Cities for Affordable Student Living
- Winnipeg – Low rent, reputable universities
- Halifax – Affordable coastal city with strong student culture
- Saskatoon – Rising academic hub with low housing demand
👉 For a broader comparison, see our full guide on the top countries offering scholarships and affordable housing.
Key Takeaway
Canada may not be the cheapest destination upfront, but smart city selection + scholarships + shared housing can significantly lower total costs while preserving long-term immigration and career benefits.
