Study in Canada Cost: Canada has become an education hub for foreign students including Indians. Especially because of its culture and world-class education. It is very important to choose the right university to study in Canada. Generally students choose universities on the basis of tuition fees. According to Statistics Canada, the average annual fee for undergraduate courses for foreign students in 2024 will be 40,115 Canadian dollars (approximately Rs 24 lakh).

Apart from tuition fees, students also have to focus on the expenses incurred for studying in Canada. The world’s top institutions are also present in Canada. In such a situation, let us know how much money is required to study in the top universities of Canada. Tuition fees in the article are in Canadian dollars (CAD). Tuition fee calculation is for one year only. Undergraduate programs in Canada usually last three to five years, so the total cost of the course will have to be calculated accordingly.

University of Toronto

The University of Toronto has been ranked 25th worldwide in the QS World University Rankings. Established in 1827, students at the university have the option of studying any one of more than 700 courses. This university has 11 colleges and three campuses. The main campus is located in Toronto. The average annual fee for Arts and Commerce courses is $61,720 (approximately Rs 37 lakh), while the fee for engineering colleges is $67,370 (approximately Rs 40 lakh).
Daily expenses depend on the campus. The university says that things like books and laptops can cost up to $1,000, while the annual cost of living and boarding on campus ranges between $8,000 to $15,000 (approximately Rs 4.80 lakh to Rs 9 lakh). For those living off-campus, the average monthly rent for a two-bedroom apartment in Downtown Toronto is $3,000. When divided between two students, this could amount to $1,500, excluding food expenses. (trinity.utoronto.ca)

McGill University

McGill University, located in Montreal, is one of the top institutions in the country. More than 1200 courses are taught here. The number of foreign students studying in the university is 30% of the total students. The annual cost of studying arts courses here is $ 47,281 (approximately Rs 28 lakh), that of commerce is $ 70,894 (approximately Rs 42.55 thousand) and that of engineering is $ 66,327 (approximately Rs 40 lakh).
Montreal has also been ranked among the QS Best Student Cities of 2025, which is based on factors such as university ranking, employer activity, affordability and student life. According to Numbeo, a website that compares cost of living, the cost of living in Montreal is lower than in Toronto and Vancouver. For those living off-campus, a two-bedroom apartment in Montreal costs $2,300 per month (approximately Rs 1.4 lakh) or $1,150 per student. (mcgill.ca)

University of British Columbia

Many types of courses are taught at the University of British Columbia, established in 1908. The university has two campuses in Vancouver and Okanagan Valley, where more than 65 thousand students from Canada and 140 countries of the world are studying. The average annual fee for studying arts courses here is $ 47,189 (approximately Rs 28 lakh). For commerce, students will have to pay an average of $61,061 (approximately Rs 36.50 lakh), while the fees for engineering is $60,622 (approximately Rs 36 lakh).
According to the Economic Intelligence Unit (EIU), Vancouver is among the most liveable cities in the world. However, the cost of living here is quite high. The average monthly rent for a two-bedroom apartment here is $3,700 (approximately Rs 2.22 lakh), i.e. approximately $1,850 per student. (ubc.ca)

University of Alberta

University of Alberta breaks into top 100 QS World University Rankings in 2024. It has three campuses in Edmonton and more than 200 courses are taught here. The fees for Arts studies can be $ 33,968 (approximately Rs 20.38 lakh), for Commerce it can be $ 61,061 (approximately Rs 36.50 lakh) and for Engineering it can be $ 60,622 (approximately Rs 36 lakh).
The cost of living and food in Alberta is very low and there are many job opportunities here, due to which it is being seen as a great place to study for foreign students. Its second largest city, Edmonton, is quite affordable. The average monthly rent for a two-bedroom apartment in this city is $1,650 (approximately Rs 1 lakh), which works out to $850 per student. (ualberta.ca)

University of Waterloo

According to Maclean’s University Rankings 2024, the University of Waterloo has been recognized as Canada’s Most Innovative University for 30 of the last 32 years. This university is also known for its cooperative education (co-op program). The university’s main campus is located in Waterloo, Ontario. There are also three satellite campuses in Downtown Kitchener, Downtown Cambridge and Stratford.
The average annual fee for Honors Arts at the University of Waterloo is $57,000 (approximately Rs 34 lakh), Global Business and Digital Arts fee is $55,000 (approximately Rs 33 lakh) and Engineering fee is $73,000 (approximately Rs 43 lakh). The cost of living depends on which campus the student wants to study at. The average rent for a two-bedroom apartment in Waterloo, Ontario is $2,350 (Rs 1.41 lakh). (uwaterloo.ca)

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How expensive is it to study in Canada, what should be the bank balance to study in top universities in 2025?

University of Toronto

McGill University

University of British Columbia

University of Alberta

University of Waterloo

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