How much does it cost to study in canada in 2026

Last updated: March 2026

Studying in Canada is still one of the best decisions an international student can make. Canada has world-class institutions, a clear pathway from study permit to permanent residence, and a reputation for being welcoming to newcomers. But the costs have changed significantly since even a few years ago — and if you're planning your budget based on old information, you could be in for a rude shock when your study permit is refused or you arrive underprepared.

Here is an honest, current breakdown of what it actually costs to study in Canada in 2026.

Tuition

This is your biggest expense and it varies enormously depending on your program, institution, and province.

According to Statistics Canada, international undergraduate students can expect to pay an average of $41,746 per year in 2025/26, while graduate students pay an average of $24,028 per year. Statistics Canada But those are national averages — the real numbers swing widely. Ontario remains the most expensive province, with international undergraduate tuition expected to reach $49,802, while Newfoundland and Labrador is the most affordable at $18,867. Statistics Canada

College and diploma programs tend to be cheaper than university degrees, typically ranging from $7,000 to $22,000 per year depending on the field and institution. Professional programs — medicine, law, MBA — are significantly higher and sit outside these averages.

The takeaway: where you study matters as much as what you study when it comes to cost. If you are flexible on province, the Atlantic provinces and Manitoba offer meaningful savings compared to Ontario and BC.

Housing

Housing is your second biggest expense and the one with the most variability.

On-campus housing: Most universities and many colleges offer residence options including shared rooms, private rooms, and shared apartments. This is generally the most convenient option for new students — you're close to campus and it's easier to meet people. Budget roughly $800–$1,500 per month depending on the school and room type.

Homestay: A popular option for students who want a gentler transition. A local family provides a room and often meals, which helps with both language immersion and budgeting. Expect to pay around $1,000–$1,200 per month including meals. If you go this route, always verify the agency or family through reviews before paying any deposit.

Renting a room in a shared home: Many families rent rooms to students. You share the kitchen and common areas but have more independence than a homestay. Costs range from $600–$1,200 per month depending on the city.

Renting an apartment: If you value independence or are coming with a partner, renting your own space is an option. Off-campus shared apartments in cities like Toronto and Vancouver can cost $700–$2,500 per month, while smaller cities offer much more affordable options averaging around $1,300. Moving2Canada

One thing to be aware of: Vancouver and Toronto have seen some softening in rents recently, but they remain among the most expensive cities in the country for housing. If cost is a major factor, this is another reason to seriously consider studying outside the major metros.

What You Need to Show IRCC: Proof of Funds

This is where a lot of students get caught off guard. IRCC requires you to demonstrate that you have enough money to support yourself before they will issue your study permit — and these requirements have increased.

As of September 1, 2025, a single applicant must show a minimum of $22,895 CAD to cover living expenses, up from the previous requirement of $20,635. Fragomen This amount is on top of your first year's tuition and travel costs — it is not your total budget, it is the minimum living expense floor IRCC requires you to prove.

In practice, I always advise clients to show more than the minimum. Showing exactly the minimum amount can raise doubts with a visa officer. Having an extra $5,000–$10,000 above the threshold demonstrates that you are genuinely prepared and reduces the risk of a refusal on financial grounds.

For families: the required amount increases with each accompanying family member. Two people travelling together need to show $28,502; three people need $35,040.

Other Costs to Budget For

Textbooks and supplies: Plan for $600–$1,000 per year. Many students reduce this by buying used books or using library resources.

Groceries: Budget $250–$400 per month if you cook most of your meals. Eating out regularly will push this significantly higher.

Phone plan: Canada has some of the most expensive mobile plans among developed countries. Budget $50–$80 per month for a basic plan.

Transportation: A monthly student transit pass typically runs $80–$150 depending on the city.

Health insurance: Some provinces provide health coverage to international students; others do not. Many universities have mandatory health insurance plans. Budget $600–$1,000 per year if you need to arrange your own coverage.

Upfront/arrival costs: Don't forget the one-time costs when you first arrive — study permit and visa fees ($400–$700), a housing deposit, flights, winter clothing if you're coming from a warm climate, and setting up your first month. These can add $3,000–$5,000 before you even start classes.

Working While You Study

Most international students can work up to 24 hours per week during academic terms and full-time during scheduled breaks. This can meaningfully offset living costs, though I always caution students not to overextend on work hours — your academic performance matters for your PGWP eligibility and future PR pathways.

If you arrive with a spouse or common-law partner, they may be eligible for an open work permit while you study, which can significantly help with household finances.

Is Studying in Canada Still Worth It?

Despite rising costs, yes — for most students the value proposition holds. Canadian education is globally respected, and more importantly, Canada offers one of the clearest pathways from international student to permanent resident of any country in the world. Your study permit can lead to a Post-Graduation Work Permit, Canadian work experience, and eventually permanent residence through Express Entry or a Provincial Nominee Program.

That said, the landscape for international students has become more complex. Study permit caps introduced in 2024 are still in effect. PGWP eligibility rules have tightened. And the cost of living — especially in major cities — is meaningfully higher than it was even three years ago.

If you want to make sure your study permit application is as strong as possible, or if you are thinking about how your studies fit into a longer-term immigration plan, book a consultation with Magellan Immigration. We help students not just get their permits approved, but make smart choices from the start.

About the author Sao Khadjieva (R515185) is a Regulated Canadian Immigration Consultant licensed by the College of Immigration and Citizenship Consultants. With over 10 years of experience, she advises on Express Entry, Provincial Nominee Programs, study permits, work permits, and business immigration. Sao is the principal consultant at Magellan Immigration in Vancouver, BC.