Canada is CRAZY Expensive! Cost of Living in Ontario vs Nova Scotia
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- Опубликовано: 2 июн 2024
- Hey! If you want to know my theory from the end of the video, then subscribe and comment below ;) If enough people are interested then I'll post it in a follow up video.
Canada is getting more and more expensive to live in as the different aspects that affect the cost of living skyrocket! I have lived in both Ontario and Nova Scotia and decided to share the difference between the basic expenses in both provinces.
I provide a detailed breakdown of how much is costs to rent vs have a mortgage, the cost of insurance for both your home and car and the difference in taxes.
Chapters:
0:00 Intro & Cost of Living Rant
2:16 Home Insurance
2:56 Auto Insurance
4:37 Property Taxes
5:24 Utilities
7:00 Mortgage / Rent
8:20 Final Monthly Cost for ON vs NS
#costofliving #expensive #novascotia #ontario
ok so I messed up the amount for monthly auto insurance, it should be $30.58 and not $112.17. Everything else should add up.... :D
I'd like to see the budget after a year, including repairs/work on the house and averaging the winter and summer bills. Also a comparison of grocery bills from both provinces.
I’ll see what I can do 😂
@@LifeinNovaScotia we move to cape breton this May.... maybe we could do a comparison of living costs "halifax" and "self sufficiency off grid cape breton" :D
@@gernotfrohlich6978 That sounds like a good idea! I need to update this video already at we are preparing our tax return right now and there are some more nasty surprises!
Thanks for this video, was great info. 👍 :)
Thanks for watching!
@Life in Nova Scotia Love your home by the way 👌
My wife and I have recently been in Ithaca New York as well as Florida. The food costs are the same or greater in the USA compared to Canada. Labour costs for car repairs in the USA were 30-50 % more in the USA compared to Canada. Fast food costs more in the USA compared to Canada. Fast food portions were smaller in the USA
RS. Canada
Yeah I’m living that reality, the cost of living in the US is not cheaper than Canada. The only benefit is that taxes are often lower.
Great video again, production quality definitely seems better. Are property taxes calculated on the entire lot size or just the dwelling? Also love your property it’s the sort of thing we’d be after! How far is the property to Halifax? Thanks
Thank you! We are about an hour to Halifax airport and 1.5 hours to downtown. The property tax is for the entire lot. We have just under 2 acres. Thanks again for your comment and for watching.
Hello there! I'm another Brit who has moved to NS as I married someone from here. It's good to see your numbers. We 're in Lunenburg (South shore) and the numbers work out a fair bit differently. Looks like you're getting a better deal in Pictou.
Hey! I imagine Lunenbourg has a higher cost of living because it’s so highly sought after. We got to visit the town last year and I can see why it’s more expensive to live there. Enjoy!
@@LifeinNovaScotia yes property prices and taxes are high here. I certainly miss the comparatively low cost of living in the UK. Energy prices are crazy but groceries were much cheaper than here. Welcome to NS though!
2:54 You can't compare renter's insurance to homeowner's insurance. Homeowner's insurance in Ontario may well have been higher than in NS
Family has been here since 1752 in Lunenburg County. It was interesting watching this. Canada is changing.
I think you framing GTA to Pictou County NS is not an accurate comparison. I moved from Vancouver BC to Halifax and it feels I am paying A LOT more in Halifax as compared to Vancouver (considering- higher wages, lower taxes, transportation, quality of rental units, the amenities, big city value added benefits, etc...). The transportations system here needs mega improvements, rent is crazy high, and tax is highest in the country. I am not sure we are experiencing the same benefits at all. And the car buying process is much more complicated and the inventory is all rusted underneath.... People are much nicer though! That's a win I guess... :)
You make some good points, but I can only compare my experiences for those who may be interested in moving from suburban ON to rural NS.
Average price for property taxes, where I live in Niagara Region is $4000/year on an average small lot (less than a third of an acre).
yeah, so we have it light compared to most I would think.
Good day from Kit-Waterloo ONt. Yes former boss said taxes is rent. I live on rural area 1/2 acre lot & I pay 3600/yr = 300/mth. Thanks. But people want bigger fanicer homes so they can pay more taxes & complain.
Strange. My insurance for a 2019 Ram and enclosed tool trailer in Ontario was $90/mo. Here in NS, just the truck alone is $140/mo, which I believe is bundled with home insurance. Methinks I need to shop around.
I think the price really varies from area to area and car to car. My insurance is through CAA, if that helps.
@@LifeinNovaScotia
Good to know. I may check them out. I was a bit shocked at the price increase; but otherwise happy with the overall cost of living here vs Ontario.
TD and CAA are generally the cheapest, at least down east
Don't get me started lol. Before the pandemic the reason boiled down to .... Canadians will pay it. We had a culture of paying a bit more so that people could earn fair wages but that mentality is now exploited, it started with the cell phone companies. There is really no justification for it beyond greed. There was study done on it some years ago in relation to the cost of cell phones or internet which you can pretty much apply to everything else that basically boiled down to that Canadians feel they have to pay it and that mentality of wanting people to get a fair wage. But ARE NOT being paid fair wages, it is now just stockholders lining their pockets at the cost of our economy and well being.
Now the big issues for Nova Scotians is grocery costs and the cost of purchasing a home and renting. So many moved here during the pandemic that people were able to name their price due to housing shortages and landlords began exploiting the situation charging sometimes double for rent. We are now in a crisis situation with regard to housing. The average Nova Scotian can not afford rent even in rural areas. It is ridiculous. The only way they are getting away with this gouging is due to the housing shortage. Nova Scotians do not make on average what people do in Ontario or BC yet we are paying the same amount now in rent even in rural areas where rent should be dirt cheap. These landlords are driving a situation that is going to cause a lot of homeless people and once we go down that road, it is hard to get back because it is hard to count the housing required when you have people compensating by moving in together or in some places living out of their cars or tents.
Nova Scotians who want to move, can't. I am stuck in place I do not want to be that was supposed to be a temporary cheap place until I got on my feet a bit better. With the cost of living increases it has been very hard to achieve anything and I am essentially trapped here now due to the housing crisis or bite the bullet and pay twice what an apartment is worth.
what's the background music at 2:56? it really hits home with a unique disney pixar vibe
It’s by a musician called Kyle Cox - I don’t want to dream alone. I got it from Artlist but just found his RUclips channel if you wanted to send him some love @kylejoshuacox
Heres what I paid to Cape Breton, Sydney to be exact..when I bought the house in 2021 the taxes were capped at 2000 a year....after I bought the house it was reassessed....so it went from 2000 to almost 10,000 a year...I appealed it but lost..after I lost the appeal I sold and moved back home....but more food for thought..furnace oil from nov-march was average 1000 a month at 17 degrees....hydro was over 200 a month...."single guy no kids"..water bill was 30 a month...my car insurance in Ontario was 1200...nova Scotia 1600.. cheapest I could find with a clean record...but remember you also have to factor in no health care at all...food was easy 20-30 percent more...income taxes are 10 percent maybe more over Ontario...just some more things to think about before you move as I thought I would try my dream and move.....but it was a total disaster.
Wow that’s an insane hike on property taxes and a nasty experience all round.
Strange, our car insurance was much cheaper than ontario.
I'm from southern Ontario as well and thinking of retiring in NS. Are you happy you made the move from Ontario to NS? I know there's definite differences but Ontario has changed so much and not for the better, to stay here in the Niagara region doesn't thrill me anymore.
I would never move back to Ontario again, it’s all personal preference but getting away from places like suburban southern ON (so long as you have work or something to retire on) makes perfect sense.
How you can compare apples to oranges? If you will compare owning a house in Ontario to owning a house in NS you'll see a much higher difference. In addition, it depends on what size of the house you have, if you rented in Ontario 500 sqft apartment and now you own a house in NS 1500sqft, how you can compare it?
Agreed, that would be more accurate but we couldn’t afford to own in ON. Also our rented house size in ON and our current home are almost identical. But one was rural and the other suburban.
Enjoyed this insight very much. Just returned to ON after visiting family in the East and it is definitely on the radar for after Christmas to move.
Thank you! I hope everything works out well.
Not to mention food cost savings as you have a garden on 2 ac.
What about fuel costs?
Groceries are more expensive out here so the garden probably didn’t even offset the increased cost of food. Gas out here is maybe a touch more expensive than ON but we travel less than we did in the city. We need to plan our trips rather than just driving out to the store whenever we need something.
Ya we stock up for 3-4 weeks as our main shopping is an hr away. Smaller stores are quite expensive here. We can get our gas a bit cheaper (still too expensive) as we have native reservations that sell it for a better price than most stations.
You must need a bigger garden! We saved like mad on groceries by just eating from the garden. We buy our meat from local farmers so barely needed groceries but for hygiene products.
U said car insurance in Schoosh is under $400 per year. Is that correct? Seems really low.
Yeah I forgot to mention that in both Ontario and Nova Scotia I’ve only got 3rd party coverage on my auto insurance. We have an older vehicle.
Nova Scotia Is beautiful. Lived here all my life and anyone who wants to move here to contribute to the economy then most welcome with open arms. However just a few things to add and not try and be too negative. However my points are valid.
1) Average age is OLD, its still a retirement province dont expect a Toronto lifestyle
2) Good luck finding a doctor, wait lists are over a year.
3) If you are rural/country, in the winter don't expect your road to be plowed for days.
4) Wages are low. Very low and employers here would rather shut down than pay you more
5) The local and provincial governments will tax the taxed taxed.. nickel and dimed 24/7
6) If you are buying rural/farm/large property it most likely has an ATV trail that's older than you on it... work with the local ATV clubs to manage it or be prepared to make enemies, there are over 60,000 registered off highway vehicles running around this small province and growing. If managed correctly with club enforcement, you won't have an issue.
7) Buy good quality tires and shocks for your vehicle, our roads *might* get repaired some year
8) Properties and taxes are still somewhat manageable ..now.. Many folk moving here from Central or western Canada and paying basically 10 to 20% over already inflated asking price in a bidding war has driven up the cost of everything from houses to wood land. What used to cost $1500/per acre pre 2019 out my neck of the woods is now a stupid $10,000 plus per acre for untouched wood land.
A few more nit picky things, but id still not Change where i live.
Yeah it’s like there are special taxes to live in the province but it’s still worth it!
I think normalizing based on sq ft or sq m is needed. Also are these C$ or US$?
Just Canadian dollars.
Is it worth to come and live in Halifax,NS as an international student ?
It's very hard to find housing here. We have a low vacancy rate and prices have gotten high.
And how does Canada compare to the UK for cost of living?
When we moved here back in 2011 it was more adorable than our situation in the UK. But over time it’s gotten much worse, but saying that, so has the UK. Cost of living is probably on par tor most western nations I would think.
@@LifeinNovaScotia Cool. Welcome to NS. It is my home too. Born here and now back. Love it.
🤣you had me at "I paid $5 for a water and $7 for a power bar😭😭" (try Wal-Mart?🤷🏻♂️) then, "I paid $315 for a hotel room 😭😭" (there's an app for that) and finally, "$367 annually for car insurance is ...$112 a month???”🤦🏻
Oh my. Welcome to Nova Scotia ❤️
I wish I could bring water into a hotel but it's just not permitted through security. Also I did perform a lengthy search online for the best hotel rates near the airport. But boy did I mess up on the monthly totals for car insurance!? In my notes I added the monthly amount for both car and home insurance together and I didn't spot that I separated them on the graphics but gave the combined total in the video. So thank you for pointing out my error!
@@LifeinNovaScotia so which data set is accurate? The monthly or the annually, and does this change the final analysis achieved in this video?🤷🏻♂️
@@utopiaHammerstone The annual is correct and the end total is correct. It's just the auto insurance monthly figure was messed up as I added two numbers together.
Compare both of these to what living in your intro city (Sidney BC) would cost.... 😵💫
Dude, you should do this math in Austria or any other "1st class country in Europe"... I am moving to Cape Breton this year - we could never ever afford to purchase any acres for self sufficiency in Austria - prices for 2,5acres are up to 50k euros.... we catched a property in eastern cape breton 200acres tall for a price we could get 4 acres in Austria....
Even the taxes are a multiple of Canada.. we pay up to 51% of taxes on your income! 20% vat, up to 50cent for one kWh hydro and so on...
Europe will fail soon...
all the best to you and thanks for your great content!
umm no cape breton is failed
@@connieb.6061 so is entire europe...
it's all about having the ability to be self sufficient in every way - nothing else counts in the near future. governments worldwide fail!
Don’t confuse the GTA with all Ontario🙂
Cheaper than living in the UK bruh!!!
Toronto has the highest rent period.
Your car insurance math is wrong, $367 annual is NOT $112 per month, closer to $ 30.53 per month
Yup, my math skills let me down!
What's your theory?
Boom! You’re the first to ask. It was something about devaluing of our currency until Canada resembles Venezuela.
CANADA BECAME SOO EXPENSIVE THAT PEOPLE ARE LEAVING THE COUNTRY.
And Europe is exploding so we move from Austria to Canada :D
Grew up in Nova Scotia. Beautiful. The cost of living crisis is completely liberal driven. People made a mistake when the wanted government help. The government size has gown out of control. We have to pay for it all. Keep voting liberal and social programs for all. Just keep doing the same thing and expecting a different result. That will work. And nice video
😂😂 wow ,where do you people live ,in Dubai? 8$ for some nuts !!!