1. Cost of living
- @604weekendwarrior posted his comment on the cost of living below.
- it seems to be the comparison is done cross currency.
- my thought is that comparison of cost of living shouldnt be done cross-currency, it should be done based on your earnings in the same currency. i.e. earn in CAD, spend in CAD; Earn in MYR, spend in MYR.
- Hence, assuming that you earn CAD100k per annum (Calgary/Vancouver/Toronto) vs you earn MYR100k per annum (KL), with incurred expenses in the same currency, which give you a better life?
- p.s. i did a comparison of calgary vs KL via numbeo, let me know if the prices there are reasonable Numbeo
- based on numbeo, it seems that the cost of living in (without converting) is comparable.
- Canadian government takes ~30% of your earnings Alberta Income Tax, whilst the Malaysian gov takes ~15% Malaysia Income Tax, you may have less disposable income in absolute sense, but you make up in terms of quality of services provided by the goverment and purchasing power of CAD (i.e. CAD1 gets you better apple quality than MYR1)?
QUOTE
Cost of living depends on where you're moving to. Vancouver, Toronto, Montreal, Calgary are getting higher in terms of cost of living. I can only speak for Vancouver since I grew up there but I can say that living in Malaysia has saved me a lot of money vs living in Vancouver.
If you want to live in the heart of Downtown Vancouver, average price for say a 1 bedroom 650sqft (60sqm as you guys use here) can run you around $2200CAD/month rent (approx 6,820MYR)
If you want to live farther out in the suburbs of say New Westminster or Coquitlam the price for the same sized unit is around $1,600CAD/month rent (approx 4,900MYR)
Even farther out to say Abbotsford which is over an hour drive from Vancouver the same sized unit will probably be around $1,200-1,400/month (Around 3720MYR)
If you're planning to buy a car, Vancouver has the highest gas prices in Vancouver. As of right now, cost for regular gas is around $1.54-$1.70CAD/ltr which is around 4.77MYR/Liter. A lot of Vancouverites if they're close to the boarder will hope across the boarder to fill up gas and save around 30-40% depending on your car.
In terms of cost/standard of living, a lot of my friends I've grown up with are finding it harder and harder to live in Vancouver due to the rising cost of day to day things. They're starting to move farther and farther away from Vancouver into the suburbs. Economy in Vancouver has been fueled by offshore real estate purchases (mainly Chinese) and the influx of Chinese migrating to Vancouver. For me, I compare the cost of food, restaurants, shopping, and day to day costs almost the same as living in Singapore. I lived in Yaletown which is in the heart of Downtown Vancouver and the cost of living was getting ridiculous.
Our taxes in Canada are also pretty ridiculous. I don't miss that at all.
In all honesty, I cannot see myself living in Vancouver anymore unless my employment ends with my company, but I would look for alternative countries to live in. Vancouver is beautiful, I miss the friends and family, lots to do in the spring/summer if you're an outdoors person, and skiing/snowboarding in the winter. But the weather from Oct-Apr does get cold/rainy and the past few years Vancouver has been getting a lot more snow. I don't miss that lol.
Again, I'm only speaking for Vancouver but cost of living does change from city to city. Halifax and smaller cities will definitely have a smaller cost of living, but also a smaller spectrum of job opportunities.
Anyone else has any questions on Canada I'm more than happy to do my best to answer them.
If you want to live in the heart of Downtown Vancouver, average price for say a 1 bedroom 650sqft (60sqm as you guys use here) can run you around $2200CAD/month rent (approx 6,820MYR)
If you want to live farther out in the suburbs of say New Westminster or Coquitlam the price for the same sized unit is around $1,600CAD/month rent (approx 4,900MYR)
Even farther out to say Abbotsford which is over an hour drive from Vancouver the same sized unit will probably be around $1,200-1,400/month (Around 3720MYR)
If you're planning to buy a car, Vancouver has the highest gas prices in Vancouver. As of right now, cost for regular gas is around $1.54-$1.70CAD/ltr which is around 4.77MYR/Liter. A lot of Vancouverites if they're close to the boarder will hope across the boarder to fill up gas and save around 30-40% depending on your car.
In terms of cost/standard of living, a lot of my friends I've grown up with are finding it harder and harder to live in Vancouver due to the rising cost of day to day things. They're starting to move farther and farther away from Vancouver into the suburbs. Economy in Vancouver has been fueled by offshore real estate purchases (mainly Chinese) and the influx of Chinese migrating to Vancouver. For me, I compare the cost of food, restaurants, shopping, and day to day costs almost the same as living in Singapore. I lived in Yaletown which is in the heart of Downtown Vancouver and the cost of living was getting ridiculous.
Our taxes in Canada are also pretty ridiculous. I don't miss that at all.
In all honesty, I cannot see myself living in Vancouver anymore unless my employment ends with my company, but I would look for alternative countries to live in. Vancouver is beautiful, I miss the friends and family, lots to do in the spring/summer if you're an outdoors person, and skiing/snowboarding in the winter. But the weather from Oct-Apr does get cold/rainy and the past few years Vancouver has been getting a lot more snow. I don't miss that lol.
Again, I'm only speaking for Vancouver but cost of living does change from city to city. Halifax and smaller cities will definitely have a smaller cost of living, but also a smaller spectrum of job opportunities.
Anyone else has any questions on Canada I'm more than happy to do my best to answer them.
2. Updates thus far
- i see multiple sifus contributed to this post were contemplating to move to Canada few years ago, and some is already there, hows life thus far?
- Im aware that those ALL sifus who shared their experiences here moved there WITHOUT a job offer and had to start from survival job (e.g. sandwich bar jobs) to start off with, did you manage to get your profession back??
- i see a particular sifus said his life quality increase 500% despite working on survival job in Canada, what about the rest of you here?
3. Job prior to landing (Assuming i got my PR via Express Entry sorted first)
- Im earning quite well in KL actually, for me to move to Canada without a job is a daunting task and will 90% deter me from doing so.
- some context on this, im a chartered accountant (doing more of strategy and investment kinda job), had couple of years of "canadian experience" by dealing with canadians matters for my current employer
- also i will be able to get a CPA Canada designation with some paper works and hassle of going through some processes.
- Given the context above, is it actually possible to get a job PRIOR to landing in Canada? especially in COVID times, i believe all interviews have to be done online
- also for sifus already established themself there in Canada, especially in similar field that im in, any advice on how best to secure a job first?
4. next step
- for those who toiled multiple years in Canada with a PR, do you see yourself signing up for citizenship?
- have you considered moving back to malaysia for retirement?
This post has been edited by dankers: Jul 6 2021, 01:52 PM
Jul 6 2021, 12:36 PM
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