Make no mistake—Vancouver ranks among Canada’s priciest cities, and the cost of living reflects that reality. The biggest chunk of your budget will go to housing. Whether you’re renting or buying, expect rates well above the national average. According to recent data, the average rent for a one-bedroom apartment sits around $2,000 per month — easily double that of many other Canadian cities.
Groceries, dining, and transportation also skew higher than many places, with factors like imported goods and city fees impacting prices. For instance, monthly transit passes run about $100, while your typical grocery bill can be 10-15% higher than in cities like Toronto or Calgary.
Utilities and internet service hover near national averages but can spike with seasonal heating needs and the demand for reliable connectivity, especially for remote work.
Overall, Vancouver combines the perks of a major urban hub with natural beauty, and that balance comes at a premium. If budget constraints are tight, exploring neighbourhoods outside the downtown core can offer more reasonable options without sacrificing lifestyle.
I’ve put together detailed cost calculators and budget guides in the Resources & Tools section to help you map out your expenses realistically—because knowing exactly what to expect is the first step to making Vancouver your home without surprises.