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If you’re planning to study in Canada, a Guaranteed Investment Certificate (GIC) is vital. Discover the GIC amount in Canada for international students so you easily show proof of funds and confidently begin your study journey!
To study in Canada, you must meet the Government of Canada’s proof of financial support requirement of $22,895 (if you apply on or after September 1, 2025). You must prove you have the minimum amount to support yourself and any family members coming to Canada.
International students applying to study in Canada must prove they have enough money, without working to cover the cost of tuition fees, living expenses, and transportation costs.
Effective September 1, 2025, Immigration, Refugees and Citizenship Canada (IRCC) has increased the financial requirements for international students to CAD$22,895 (up from CAD$20,635) to align with inflation.
The following amounts show how much money you need to support yourself and your family members for the first year of study. These amounts are updated each year. These amounts do not include tuition and transportation costs.
| NUMBER OF FAMILY MEMBERS (including the applicant) | CANADIAN FUNDS REQUIRED PER YEAR (not including tuition) |
|---|---|
| 1 | $22,895 |
| 2 | $28,502 |
| 3 | $35,040 |
| 4 | $42,543 |
| 5 | $48,252 |
| 6 | $54,420 |
| 7 | $60,589 |
| If more than 7 people, each additional family member | $6,170 |
To study in Canada at a designated learning institution, you need to apply for a Study Permit. Among other study permit requirements, you need a police certificate, a medical exam, and proof of funds.
A GIC makes applying for a study permit easier to show “proof of funds” and comply with immigration rules.
The standard GIC amount for international students is typically $10,000 at Canadian banks. However, you may not need that amount to open a GIC account. For example, the minimum deposit at Scotiabank is only $5,000.
A lower deposit makes it much easier for students to invest. While you can open a GIC account with a minimum of $5,000, you must still meet the IRCC’s proof of financial support.
Banks charge a $200 fee to set up and maintain the account. Be sure to include any fees in the total investment amount.
A GIC is a secured investment, and you earn interest on your deposit to ensure financial growth. With a guaranteed investment, you get the amount you invest back at the end of your term. It’s also a safe and convenient way to show you have enough money to cover living expenses and other costs while studying in Canada.
For international students, a GIC is a vital financial tool, making it easy to manage your money. You can quickly access funds when you arrive in Canada, avoid financial stress, and focus on your studies!
Join us for an eye-opening session on how to build your financial future in Canada with confidence. This free webinar is hosted in partnership with Scotiabank, a trusted leader in newcomer banking. Together, we’ll guide you through how the Canadian banking system works and share free tools and strategies to help you plan, save, and invest wisely as a newcomer.
REGISTER FOR THE WEBINAR
A GIC makes it easier to apply for a study permit because it clearly shows your funds. It’s one of many ways to show proof of funds when it comes from a “Big Five” bank in Canada: Scotiabank, TD, CIBC, RBC, or BMO.
A GIC provides guaranteed money for living expenses. And, it prevents you from travelling to Canada with a large amount of money for greater safety and ease.
When you arrive in Canada, you can get your money in monthly installments, making it easier to manage your budget.
A GIC is not a substitute for tuition fees. You must arrange to cover tuition payments and ensure you have sufficient funds.
The GIC amount covers basic living costs, including food, groceries, entertainment, and clothing. It is not intended to cover expenses like tuition, housing, and travel. It’s vital to manage your finances responsibly when you’re new to Canada for a smooth transition and greater comfort.
The big five banks in Canada offer Guaranteed Investment Certificates for international students. Choose a bank that aligns with your financial needs and study plans.
Each bank has specific requirements for opening an account. It’s vital to know what they require and follow the process to avoid delays or problems with your study permit application.
Research and compare GIC offers. Pay attention to interest rates, minimum deposits, access to funds, and options.
This usually involves submitting an application form along with proof of identity and acceptance into a Canadian school.
When your application is approved, you must transfer the GIC amount from a bank account in your home country.
When the transfer is complete, the bank gives you a certificate. You need to include this with your study permit.
When you arrive in Canada, you can access a portion of the GIC amount to cover initial expenses. The remaining amount is usually paid monthly to help you manage living costs throughout the year.
A Guaranteed Investment Certificate is a pillar for international students planning to study in Canada. Knowing the GIC amounts and how to set up an account helps to comply with proof of funds requirements. Careful planning can also help your chances of a successful study permit application. With secure finances, you’ll avoid financial stress, focus on your studies, and enjoy your experience in Canada!
Looking to rent in Sudbury as a newcomer to Canada? Greater Sudbury offers affordable rentals, a welcoming multicultural community, and easy access to nature. With a population of about 166,000 (Statistics Canada) and over 165 ethnic groups (City of Greater Sudbury), it’s one of Ontario’s most diverse cities. More than 40% of residents speak French, far above the provincial average of 2.4%, making it especially appealing to bilingual newcomers. Here’s your guide to the best Sudbury neighbourhoods for renting, complete with who they suit best, how to get around, the local vibe, and what you can expect to pay.
To learn more about the city, our guide to living in Sudbury, Ontario, covers the job and housing markets, lifestyle, and what to expect as a newcomer!
1-bedroom: approx. $1,871/month
2-bedroom: approx. $2,160/month
Many newcomers look for affordable 2-bedroom units to balance space and cost. Learn why a 2-bedroom apartment is a smart choice.
| RENTAL TIER | 1-BEDROOM RANGE | 2-BEDROOM RANGE |
|---|---|---|
| BUDGET (Older units or shared housing, often outside premium areas) | Under $1,100 | Under $1,400 |
| MODERATE (Affordable neighbourhoods with decent amenities) | $1,100-$1,500 | $1,400-$1,900 |
| MID-RANGE (Popular areas with good transit, services, and newer rentals) | $1,500-$1,800 | $1,900-$2,200 |
| UPPER RANGE (Premium locations, new builds, or close to lakes/parks) | Over $1,800 | Over $2,200 |
Sudbury has many neighbourhoods that offer great rental opportunities for newcomers, whether you’re looking for affordable housing, student-friendly areas, or access to green space and transit. Here are the top picks:
Downtown is the cultural and business heart of the city, offering easy access to jobs, transit, and services. You’ll find rental apartments, restaurants, grocery stores, and cultural centres all within walking distance.
Good for: Newcomers without a car, professionals, job seekers, and people who want nightlife and cultural events.
Access: Primary transit hub, close to government services, shops, restaurants, and employment.
Vibe: Energetic and diverse, with a mix of business, culture, and entertainment.
Rental range: Moderate to mid-range (1-bedroom $1,100- $1,800; 2-bedroom $1,400 – $2,200.
Why newcomers like it: Everything’s within walking distance; lots of cultural events and cafes.
This Sudbury neighbourhood is home to Cambrian College and Collège Boréal. It’s ideal for students and young families, and the New Sudbury Centre, the largest mall in Northern Ontario, is nearby. Rental types include apartments, townhomes, and single detached homes.
Good for: Students, young families, and budget-conscious renters.
Access: Multiple GOVA Transit routes serve the area.
Vibe: Busy and convenient, with easy access to education, retail, and services.
Rental range: Moderate to mid-range (1-bedroom $1,100- $1,800; 2-bedroom $1,400 – $2,200.
Why newcomers like it: Convenience of having everything nearby, from groceries to healthcare.
Searching for your first home in Canada? Join this exclusive session for key insights on housing market conditions, affordable options, and renting without credit history. Tailored for newcomers settling in the next six months, register now for valuable tips and a free guide!
REGISTER FOR THE WEBINARThe South End is surrounded by lakes and parks, offering a high quality of life and access to top institutions such as Health Sciences North and Laurentian University. South End rentals are more expensive but provide lakeside living. Greater Sudbury has 300+ lakes within the city limits.
Rental types in this Sudbury neighbourhood include lakeside homes, townhouses, and newer apartments.
Good for: Families, healthcare workers, and newcomers who love lakeside living.
Access: Near Health Sciences North, Science North, shopping, and conservation areas.
Vibe: Family-friendly, scenic, and active, with a high standard of living.
Rental range: Mid-range (1-bedroom $1,100-$1,800; 2-bedroom; $1,400–$2,200).
Why newcomers like it: Strong schools, parks, and shopping within walking or short driving distance.
One of Sudbury’s oldest neighbourhoods, Minnow Lake, offers proximity to downtown and scenic trails along Lake Ramsey, and the Kingsway shopping district, often at more affordable rental prices.
Rental types include a mix of older single-family homes and low-rise apartments.
Good for: Active newcomers, those seeking trails and beaches, and pet owners.
Access: Close to Moonlight Beach and off-leash dog parks.
Vibe: Relaxed and outdoorsy, with a small-town feel but close to amenities.
Rental range: Mid-range (1-bedroom $1,100-$1,800; 2-bedroom; $1,400–$2,200).
Why newcomers like it: Lakeside living at reasonable prices, plus outdoor recreation year-round.
This historic neighbourhood has deep French-Canadian roots and is a hub for the francophone community in Sudbury. Rental types include affordable apartments and older homes.
Good for: French-speaking newcomers, families seeking French-language schools, and renters seeking affordable housing.
Access: Close to downtown by car or bus.
Vibe: Historic and community-oriented, with strong French-Canadian roots.
Rental range: Budget to Moderate (1-bedroom under $1,500; 2-bedroom under $1,900).
Why newcomers like it: Lower rents and a strong sense of community make it easier to get established.
Known for its Italian-Canadian roots, Gatchell offers a close-knit community and affordable rental options near the popular Delki Dozzi Park, community pool, parks, and Dynamic Earth science centre. Rental types include older homes from the 1920s-40s on compact lots.
Good for: Budget renters and newcomers seeking a close-knit, multicultural neighbourhood.
Access: GOVA operates bus routes that connect Gatchell to the city center and other areas.
Vibe: Quiet, neighbourly, with a proud Italian heritage.
Rental range: Moderate (1-bedroom $1,100–$1,500; 2-bedroom $1,400–$1,900).
Why newcomers like it: Quiet streets, established community, and easy downtown access
Located beside Lake Ramsey, this neighbourhood combines scenic lake access with proximity to downtown, making it both relaxing and convenient. Bell Park offers beaches and walking trails.
Good for: Families, students, and nature enthusiasts seeking access to the city.
Access: Moderate (bus, bike paths, walkable to downtown)
Vibe: Picturesque and relaxed with a mix of housing styles.
Rental range: Upper range (1-bedroom over $1,800; 2-bedroom over $2,200).
Why newcomers like it: Beautiful surroundings, recreational access, and a peaceful atmosphere.
One of Sudbury’s oldest neighbourhoods, Donovan has a village-like charm and is home to many long-time residents and new immigrants alike. Rental types include small lot homes, heritage buildings, and affordable apartments.
Average rent is about $1,250 for a 1-bedroom and $1,650 for a 2-bedroom (Q2 2025, Rentals.ca). That’s 35–50% lower than Toronto or Ottawa.
Donovan, Gatchell, and Flour Mill offer more affordable rental options.
New Sudbury is best if you are attending Cambrian College or Collège Boréal.
GOVA Transit operates 25+ routes connecting most major neighbourhoods through the primary transit hub downtown Sudbury.
Sudbury offers a variety of rental options for newcomers, from budget-friendly apartments in Donovan and Gatchell to premium lakeside living in areas like Ramsey Lake and the South End. You can use the rental range key to match your budget with the right neighbourhood. Choose based on what matters most: fast transit, a family-friendly area, or a lively urban vibe. Understanding the rental tiers will help you select the best Sudbury neighbourhood for your unique needs.
Once you’ve chosen a neighbourhood that matches your budget and lifestyle, check out our Living in Sudbury guide to learn more about jobs, culture, and life in the city.
🏠 Still searching for a rental apartment in Sudbury? Visit Rentals for Newcomers!
Worried about how much rent costs in Canada? Whether you live in Toronto, Vancouver, or a smaller city, rent takes up a big part of your monthly budget. Rent typically eats up 30% to 50% of a newcomer’s monthly income, making it one of the largest costs to manage. The good news? As a newcomer, you can take steps to reduce your housing costs, even without Canadian credit history or rental experience. Here are 10 proven ways to save money on rent in Canada and avoid common pitfalls.
Whether you’re an international student, professional, or newcomer family, these smart tips can help you secure housing that fits your budget.
If you’re new to Canada, you may not qualify for the best-priced rentals. Landlords often check your credit score and employment history, which you may not have yet. Focus on building Canadian credit using a secured credit card and explore short-term rentals while you build your profile.
Apply for a credit-building product early, like a secured credit card, and ask landlords about month-to-month or short-term leases.
Don’t have Canadian credit? That’s not unusual for newcomers. Some landlords are open to alternative documents such as proof of savings, international bank statements, or letters of reference from employers or previous landlords. Read more about renting in Canada without a credit history.
Create a newcomer rental package with:
Unlock the Secrets to Crafting a Winning Rental Application. Are you a newcomer to Canada searching for your perfect rental home? Look no further! Our comprehensive guide will help you navigate the rental application process confidently and successfully!
GET FREE GUIDERent isn’t always set in stone. Vacant units that have been on the market for 30+ days are three times more likely to offer discounts or flexible lease terms. If you’re willing to offer something in return, you may be able to negotiate a better deal.
Offer something helpful in return:
Some landlords include utilities, internet, or parking in the rent; others don’t. Without a breakdown of costs, you may end up overpaying.
Ask for a detailed breakdown. Compare:
You may find that paying for utilities yourself saves money, especially if you’re energy-efficient.
If you’re still abroad, it may be tempting to sign a lease online, but this increases your risk of overpaying or being victim to a rental scam. Some landlords don’t list their best deals online or may exaggerate the quality of the unit. Get more smart tips to avoid rental scams.
Knowing the average asking rent prices in the city where you want to rent helps you spot overpriced listings and negotiate more confidently. For example, the average rent for a one-bedroom in Toronto is over $2,400/month (as of June 2025), and landlords often overprice based on neighbourhood assumptions.
Realtors and settlement workers can offer insider advice about affordable neighbourhoods and trustworthy landlords. Some newcomers miss out on better rentals simply because they don’t know who to ask.
Canada offers free support to help newcomers with housing, job searching, and settlement. These programs may connect you with affordable rentals, co-op housing, or even subsidized units.
Search for free newcomer services in Canada that can help you build your new life in Canada.
High-demand areas and downtown locations are pricey. But many less trendy areas offer lower rents, safe communities, and transit access.
One of the smartest ways to save money on rent in Canada is by renting a room in a shared home. This affordable housing option can help you avoid sky-high rent prices, especially in expensive cities like Toronto and Vancouver.
With safety checks and matching based on compatibility, this solution is both cost-effective and welcoming. Whether you’re new to the country or looking for a smart way to stretch your budget, sharing a home could be your best move.
A common rule is to spend no more than 30% of your gross income on housing. However, in cities with high rental prices, you can expect to spend 30 – 50% of your income.
Yes, but you may need to provide additional documents like a letter from a sponsor, proof of savings, or a larger deposit. Some landlords are open to working with newcomers.
Absolutely. Consider smaller cities like Halifax, Winnipeg, or Edmonton for more affordable housing options. Rent also drops by 20 – 40% outside downtown cores.
Yes, especially if the unit has been vacant for a while or you offer something valuable like a long lease.
Learning how to save money on rent in Canada is vital for newcomers facing high housing costs in major cities. From choosing more affordable neighbourhoods and negotiating lease terms to exploring home-sharing platforms like Sparrow, there are practical ways to cut costs without compromising safety or comfort. Whether you’re an international student, worker, or newcomer family, these smart strategies can help you secure housing that fits your budget and your goals for building a new life in Canada.
While vacancy rates have improved in parts of Canada, renting your first apartment can be a challenge. Newcomers must submit a winning rental application to compete and secure quality rentals. Well-priced apartments attract a large number of applicants, especially in major cities like Toronto, Vancouver, Calgary, and Ottawa. These cities have low vacancy rates (often below 2%), and high demand means landlords can be selective. Properties near schools, transit, and shopping centers get snapped up quickly, and in some cases, there are waiting lists for apartments in popular buildings. For newcomers, it’s vital to stand out in the rental application process.
This guide will help you:
Landlords want tenants who:
You can strengthen your rental application by preparing a complete, professional rental profile.
Most landlords will require you to complete a rental application. Complete and submit it promptly to gain a competitive advantage.
Applications often don’t ask for a bio, but openly sharing information about yourself can impress a landlord (particularly if you will be living in the same building). Here’s what else to include:
| DOCUMENT | WHY IT HELPS |
|---|---|
| Rental application | Landlords require a completed application form with your info and history. |
| Short bio or cover letter | Introduce yourself. Mention your background, employment, and why you’d be a great tenant. |
| References | Preferably a past landlord. If unavailable, use employers, colleagues, or professors. |
| Record of employment or job search info | Show where you work or what jobs you’re applying for. Students should include school enrollment and program. |
| Proof of funds | Provide a bank statement or a letter from your bank showing you can cover rent (ideally, three to six months). |
| Guarantor letter | A friend or family member in Canada can agree to cover rent if needed. |
💡 Pro Tip: Be cautious of landlords who ask for cash; it could be a rental scam.
Landlords often choose tenants they trust and feel comfortable with. Beyond your rental application, you need to stand out as a person. Here’s how to do it:
Unlock the Secrets to Crafting a Winning Rental Application. Are you a newcomer to Canada searching for your perfect rental home? Look no further! Our comprehensive guide will help you navigate the rental application process confidently and successfully!
GET FREE GUIDEIn a tight rental market where the vacancy rate is less than 2%, consider offering something extra (within your means):
Only offer what you can realistically afford. Landlords appreciate honesty over overpromising.
Before booking viewings and completing rental applications, ask yourself:
Be flexible. As Jesse Greenwell of Mainstreet Equity, Canada’s largest property management company, notes:
“It’s often cheaper to live near amenities than inside buildings that include them. Public transit can save you a lot on car-related expenses.”
Don’t be discouraged. The rental market in Canada can be tough, even for locals. If you don’t get a unit, politely ask the landlord for feedback so you can improve your next rental application.
“Tenants are going above and beyond in places like Toronto,” says Ontario Landlords Watch founder Kayla Andrade. “They show their full credit reports, offer money upfront, anything to secure a rental.”
Related Posts:
Can You Rent in Canada Without a Credit History?
Securing a rental in Canada as a newcomer can be challenging, but with these rental application tips, you can stand out. A strong application goes beyond filling out a form. Landlords appreciate applicants who are:
Nelda Schulte, an experienced landlord, stresses that tenancy is a relationship that you can build at the first showing by being polite and respectful. “I have some tenants who have been with me for five-plus years. They are always polite, respectful, and grateful for things I do to keep the property in good shape and keep them happy. In turn, I’m grateful to have them as tenants.”
By presenting yourself as a responsible and reliable tenant, you’ll increase your chances of getting the home you want.
Still searching for an apartment? Visit Rentals for Newcomers!
Yes, you can rent a home in Canada without a credit history, but you may need to take extra steps. Many newcomers and international students ask the same question: “Can I rent in Canada without a credit history?” Whether you’re searching for apartments for rent without a credit check or trying to rent an apartment in Canada with no credit, this guide offers proven strategies. Learn what documents you require and smart tips to help you secure a place to live, even if you haven’t had time to build your Canadian credit history.
According to Equifax Canada, “Over 60% of newcomers to Canada arrive without any Canadian credit history, making renting a home one of their first major challenges.”
Most Canadian landlords rely on credit checks to assess whether a potential tenant can reliably pay rent. If you’re new to the country and don’t yet have a Canadian credit history, this can seem like a major barrier. But it’s not a dealbreaker.
If possible, live temporarily with relatives or friends. This gives you time to:
Options include:
These short-term stays help bridge the gap while you establish credit. Bonus: Some offer free Wi-Fi and breakfast to help cut costs. Read more: How Can I Find Short-Term Rentals in Canada?
Searching for your first home in Canada? Join this exclusive session for key insights on housing market conditions, affordable options, and renting without credit history. Tailored for newcomers settling in the next six months, register now for valuable tips and a free guide!
REGISTER FOR THE WEBINARWhile provinces have limits on rental deposits (see below), some landlords may accept more rent upfront voluntarily:
👉 You are not legally required to pay more than the deposit limit, but you may stand out if you voluntarily offer more.
A guarantor, a friend or family member with good credit, can co-sign your lease. If you don’t pay rent, they’re responsible. This offers landlords peace of mind and can boost your application. Read more about rental application tips.
Providing a Canadian or international bank statement showing savings can help reassure landlords that you have sufficient funds to cover the rent. This is especially useful if you don’t have a job offer yet.
Search for:
As a newcomer, it’s vital to be aware of and avoid rental scams.
Smaller cities or areas outside major city centres may have less demand. You’ll face fewer applicants, giving you a better chance, even without a credit history. Just be sure the neighbourhood has:
A credit score is a three-digit number (300–900) that tells lenders and landlords how responsibly you manage credit. The higher the score, the better. For a step-by-step breakdown on building credit, check out How to Build Credit in Canada: A Guide for Newcomers.
“A good credit score in Canada is generally considered to be 660 or above.”
Source: Equifax Canada
Landlords check your credit to assess how reliable you are as a tenant. If your credit score is missing or low, they may request additional assurance. In addition to landlords, these organizations may also check your credit report:
👉 Consistent, on-time payments will raise your score and open doors to better rental options.
You can begin building your credit from the day you arrive:
Yes, it’s possible to find rentals in Canada that don’t require a credit check, especially if you look beyond traditional listings. These options are more common with private landlords offering basement apartments, sublets, or shared accommodations.
Additional documents can demonstrate your financial reliability. These may include proof of income or a job offer, recent bank statements showing savings, and valid identification and immigration documents.
Most newcomers can begin building credit within 6 months by using a secured credit card responsibly, paying bills on time, and opening a postpaid phone or internet plan.
Renting in Canada without a credit score can feel stressful. But, with preparation and the right approach, it’s possible. By staying informed, offering proof of savings, and building your credit early, you’ll find a home that suits your needs.
👉 Want more help? Register for our free newcomer housing webinar to get expert tips on renting without credit in Canada.
Yes, you do. If you’re moving to Canada and not immediately eligible for public healthcare, travel medical insurance is vital. Without it, a medical emergency could cost you thousands of dollars out of pocket. Here’s what you need to know before you arrive.
More than half of newcomers (54%) say financial stress is their top well-being challenge after arriving in Canada, according to a 2025 Securian Canada study. Travel medical insurance can help ease that stress by protecting you from emergency costs right from day one.
Canada has a universal healthcare system, but you must qualify for it. Most newcomers face a waiting period before they’re eligible for provincial or territorial coverage. During that time, you are responsible for 100% of your medical bills unless you have private insurance. Read more about how to get free healthcare in Canada.
The Government of Canada recommends that newcomers have at least $100,000 in travel insurance coverage for unforeseen accidents or emergencies. Yet despite this recommendation, 1 in 5 newcomers (20%) have no insurance at all, and 60% are underinsured, making them more financially vulnerable in an emergency.
Canadian Financial Tips Before You Move to Canada
In Canada, travel medical health insurance is often called ‘Visitors to Canada insurance’ (VTC). It refers to the same type of coverage.
You should buy Visitors to Canada (VTC) insurance if you’re:
VTC insurance typically covers you for up to 365 days and may be renewed depending on the provider.
Health care in Canada is expensive if you’re not covered. Here’s what you might pay:
Arriving with an action plan for your first weeks in Canada can save you time and money. The quicker you settle into your new environment the faster you’ll feel at home! In this webinar, Your First Weeks in Canada, we discuss the important things to do to manage your first weeks efficiently.
REGISTER FOR THE WEBINARCoverage varies, but most plans include:
Not all plans are equal. Here’s what to check before you buy:
It depends on the province. Some have mandatory waiting periods:
| PROVINCE | WAITING PERIOD FOR COVERAGE |
|---|---|
| Ontario | 3 months after arrival |
| British Columbia | Up to 3 months |
| Alberta | Coverage begins immediately (if eligible) |
| Manitoba | Up to 3 months |
Buy travel insurance that covers the full gap until your provincial plan starts.
No. Travel insurance typically covers:
Travel medical insurance, on the other hand, focuses on medical expenses. Some packages offer both, but check carefully.
It’s more affordable than you might expect. On average:
Prices vary based on age, health, and coverage amount.
Navigating insurance isn’t easy. One-third (33%) of newcomers say it’s difficult or expensive to get professional advice, and 42% worry about being misled. That’s why understanding your options before you arrive is so important.
Ideally, before you leave your home country. Many providers require you to purchase the plan before your arrival date for full coverage.
Yes, but many policies have a 48-hour waiting period if purchased after arrival, so it’s better to buy before you land.
Yes, many policies are flexible. You can:
Extend coverage if your provincial health care is delayed
Cancel early and receive a partial refund if your public insurance starts sooner (proof required).
You should get coverage for at least 3 months, or until you’re eligible for your provincial or territorial health plan. Some provinces (like BC or Ontario) have a mandatory 3-month waiting period.
You’ll be responsible for 100% of the medical costs. A hospital visit or ambulance ride can cost thousands of dollars, so insurance is strongly recommended.
Yes. All accompanying family members should be covered during the waiting period.
You can, but many international policies don’t meet Canadian standards. They may:
Exclude certain types of care;
Have low coverage caps;
Lack emergency repatriation;
Offer no local support in Canada.
When possible, choose a Canadian-based provider with plans designed for newcomers.
Whether you’re immigrating, working, studying, or visiting family, travel medical insurance protects your health and finances from day one.
✅ Don’t risk costly medical bills.
✅ Get covered before your flight.
✅ Compare plans and get a free quote now.
With 58% of underinsured newcomers reporting high financial stress, getting the right insurance before you arrive in Canada can give you peace of mind and protect your future.
👉Start your coverage today → get a travel medical insurance quote!
Some of the best neighbourhoods in Calgary for newcomers looking to rent include Beltline, Mission, Signal Hill, Hillhurst, West Springs, Bridgeland, Inglewood, Lake Bonavista, Brentwood, and Altadore. These areas offer a mix of affordability, access to transit, family-friendly amenities, and walkability, making them ideal for students and families settling in Calgary.
Thinking of moving to Calgary? Whether you’re arriving as a skilled worker, international student, or newcomer family, choosing the right Calgary neighbourhood is key to settling in successfully. This guide breaks down the best Calgary neighbourhoods for newcomers, including rental and family-friendly options, so you can find the right fit based on lifestyle, housing type, and affordability.
The Beltline is one of Calgary’s most vibrant inner-city communities, offering everything from high-rise condos to boutique shops, trendy cafes, and a buzzing nightlife scene.
With proximity to the downtown core and major employment hubs, Beltline remains one of the best Calgary neighbourhoods for renting a modern condo or apartment downtown. It’s a favourite among professionals, students, and newcomers who want walkability and transit access. The lively area around 17th Avenue is known for its restaurants and nightlife.
Mission is a charming inner-city neighbourhood with character homes, low-rise condos, and quick access to the Elbow River pathways. It’s ideal for those who value a walkable lifestyle close to downtown, while enjoying a quieter, more residential atmosphere. The community has a rich history, a strong sense of identity, and affordability that attracts first-time buyers and renters.
As a newcomer, it’s vital to:
Good for: First-time buyers, singles, professionals
Access: Excellent (close to downtown, CTrain, river pathways)
Vibe: Urban-meets-residential, historic, scenic, river-adjacent
Rental range: $1,600–$1,850/month (1-bed)
Searching for your first home in Canada? Join this exclusive session for key insights on housing market conditions, affordable options, and renting without credit history. Tailored for newcomers settling in the next six months, register now for valuable tips and a free guide!
REGISTER FOR THE WEBINARLocated in Calgary’s southwest, Signal Hill is one of the best Calgary neighbourhoods for renting a family home, with easy access to schools, shopping, and the Light Rapid Transit (LRT). With easy access to the West LRT line and stunning mountain views to the west, it’s a top choice for families and professionals seeking a peaceful, family-oriented environment.
Good for: Families, homeowners, suburban newcomers
Access: Good (West LRT nearby, car-friendly)
Vibe: Quiet, suburban, family-oriented with shopping plazas
Rental range: $1,500–$1,750/month (1-bed); higher for detached homes
Nestled near Kensington and the Bow River, Hillhurst combines the charm of heritage homes with modern infill developments.
It’s an inner-city gem with high walkability, access to shops, restaurants, and downtown, as well as top schools. Young professionals and families alike enjoy the mix of convenience and character that defines this neighbourhood.
Good for: Families, professionals, infill buyers
Access: Good (Calgary Transit CTrain access, walkable to downtown)
Vibe: Heritage charm meets modern living, community-focused
Rental range: $1,600–$1,800/month (1-bed)
West Springs offers a polished suburban lifestyle with modern homes, boutique shopping, and great schools. Though it’s farther from the downtown core, many residents enjoy the peaceful surroundings and amenities that make it feel like a small town within the city. It’s ideal for families or professionals who prefer quieter, more upscale environments.
Good for: Affluent families, commuters, lifestyle seekers
Access: Fair (bus access, car-dependent)
Vibe: Upscale suburban, boutique living, newer developments
Rental range: $1,800–$2,000/month (1-bed); higher for family homes
Bridgeland is a revitalized inner-city neighbourhood just northeast of downtown. Known for its parks, walkable streets, and eclectic dining scene, it’s popular with professionals and newcomers who love a mix of nature and convenience. The neighbourhood offers some of the best views of Calgary’s skyline and easy access to the Bow River pathways
Good for: Urban professionals, nature lovers, foodies
Access: Good (CTrain station, river pathways)
Vibe: Trendy, walkable, scenic with skyline views
Rental range: $2,000–$2,300/month (1-bed)
Inglewood is Calgary’s oldest neighbourhood, located just east of downtown. Its rich history blends with a modern, creative vibe, attracting artists, small business owners, and newcomers who love community spirit. You’ll find heritage homes, music venues, vintage stores, and riverside trails in a walkable and distinctive setting.
Good for: Artists, creatives, history lovers
Access: Moderate (bus, bike paths, walkable to downtown)
Vibe: Eclectic, artsy, historic with indie shops
Rental range: $1,600–$1,750/month (1-bed furnished)
Lake Bonavista, in southeast Calgary, was the first neighbourhood in Canada built with its own lake, created just for the community. Residents enjoy access to private beaches, parks, and a strong sense of community. This quiet, mature suburb is perfect for families seeking space, nature, and excellent schools, all while being close to major roadways.
Located near the University of Calgary, Brentwood is a well-connected, family-friendly area with plenty of green space and schools. With excellent access to the CTrain, it’s ideal for international students, faculty, and newcomers who want a peaceful lifestyle without sacrificing transit access. The housing mix includes detached homes and mid-rise apartments.
Altadore is a trendy southwest neighbourhood near the vibrant Marda Loop shopping district. Known for its modern infill homes, green spaces, and proximity to the Elbow River and Glenmore Reservoir, it’s popular among young families and professionals who want a walkable, lifestyle-focused community with great outdoor access.
Good for: Professionals, infill homebuyers, active families
Access: Good (bus routes, near major roads)
Vibe: Trendy, modern, walkable with outdoor access (Marda Loop, river)
Rental range: $1,800–$2,000/month (1-bed)
| AREA | AVG. 1-BED RENT (June 2025) |
|---|---|
| Beltline | $1,950 |
| Mission | $1,742 |
| Signal Hill | $1,537 |
| Hillhurst | $1,677 |
| West Springs | $1,927 |
| Bridgeland | $2,190 |
| Inglewood | $1,665 |
| Lake Bonavista | $2,026 |
| Brentwood | $2,092 |
| Altadore | $1,927 |
Altadore, Signal Hill, and Brentwood are safe, family-friendly communities with strong community associations and low crime rates. Always check the Calgary Police crime map for up-to-date safety information before choosing a place to live.
As of June 2025, average monthly rent prices in Calgary are approximately $1,650–$2,000 for a 1-bedroom and $2,000–$2,500 for a 2-bedroom.
For students attending the University of Calgary, Brentwood, is ideal due to its proximity to campus and transit access.
If you’re moving to Calgary or simply searching for the best places to live in Calgary, this guide can help you decide where to live based on your lifestyle, budget, and priorities. From the vibrant energy of Beltline to the family-friendly calm of Signal Hill, these Calgary neighbourhoods offer something for everyone. Whether you’re a newcomer, international student, young professional, or growing family, discover the best neighbourhoods in Calgary for renting and settling in with confidence.
Starting your life in Canada? One of the most important financial steps you’ll take is building your credit history. A strong credit history in Canada opens doors; it helps you rent a home, get a phone plan, apply for a loan, or even qualify for a mortgage. In this guide, we’ll walk you through how to build a credit score in Canada, even if you’re starting from zero. Whether you’re wondering how to build your credit score in Canada for the first time or looking to improve it, this step-by-step approach will help you succeed.
To build credit in Canada, start with a secured credit card, pay your bills on time, keep your credit use low, and use rent reporting services. Most newcomers can build a strong credit history within 6–12 months of responsible credit use.
In Canada, your credit score is a three-digit number that represents how reliably you repay money. The score ranges from 300 to 900, with lenders viewing higher scores as less risk. Your credit report reveals your history of credit use and repayment, which influences your credit rating.
According to Borrowell (2023), “It typically takes 6–12 months of responsible credit use to build a strong enough credit history to qualify for most loans.” That’s why it’s important to start building credit in Canada as early as possible.
When you arrive in Canada, you may face a challenge: you need credit to get a car loan, rent an apartment, or apply for a mortgage, but you can’t access credit without a history.
Lenders use your credit history (from Equifax or TransUnion) to decide if you’re a responsible borrower. This record includes:
Without this history, newcomers may be unable to get loans or face high interest rates unless they have a co-signer or collateral. Don’t worry, you can start building credit right away.
Join us for an eye-opening session on how to build your financial future in Canada with confidence. This free webinar is hosted in partnership with Scotiabank, a trusted leader in newcomer banking. Together, we’ll guide you through how the Canadian banking system works and share free tools and strategies to help you plan, save, and invest wisely as a newcomer.
REGISTER FOR THE WEBINARHere are practical steps to begin building your credit score in Canada as a newcomer:
Your credit history is like a financial resume. It shows lenders whether you repay debts reliably. Your history begins once you open a credit account in Canada, usually a credit card or a loan.
You arrive with a blank slate, so the habits you form early are vital. Even without plans to buy a home right away, building credit is smart.
Building a credit history in Canada doesn’t happen overnight.
Many banks in Canada offer special newcomer packages that include credit-building tools. Some even pre-approve you for a secured credit card. Over time, responsible use can lead to unsecured cards with better terms. You can read more about how to get a credit card in Canada and avoid common mistakes.
Your credit score (between 300 and 900) is a summary of your credit history. Here’s why it matters:
🔍 Lenders use it to decide if you qualify for a loan or mortgage
🏠 Landlords often require it before renting a home
💼 Employers (especially in finance) may check it during the hiring process.
| CREDIT SCORE RANGE | RATING |
|---|---|
| 760+ | Excellent |
| 725 – 759 | Very good |
| 660 – 724 | Good |
| 560 – 659 | Fair (may qualify for loans) |
| 300 – 559 | Poor (needs improvement) |
Example: On a $1,000 card, don’t spend more than $300.
Ideally, pay in full, but at least the minimum to avoid penalties.
Interest starts immediately, often at a higher rate.
Source: Government of Canada, Financial Consumer Agency, 2024“The average interest rate on Canadian credit cards is around 20%, and even higher on cash advances.”
Too many accounts = higher risk in the eyes of lenders.
Missed payments hurt your score and stay on your report for years.
Use free tools like Borrowell or your bank’s credit monitoring service.
Renting your first home in Canada as a newcomer can be a challenge, especially if you don’t yet have a credit history. This is a common barrier: over 80% of Canadian landlords conduct credit checks as part of their tenant screening process. That means your credit score, and what’s in your credit report, can influence whether you get approved for a rental. Landlords often run credit checks, but there are ways around it:
💰 Show proof of savings to demonstrate rent affordability
📄 Provide employment letters or pay stubs to prove income
👥 Use references from employers or past landlords
👨👩👧 Get a co-signer with Canadian credit history (if possible).
Building credit takes time; expect 6+ months for it to appear on your report. Until then, focus on responsible financial behavior.
Cancel or transfer utilities when you move
Missed final bills can go to collections and hurt your score.
Read the fine print on contracts
Know the policy and any penalties for canceling internet, gym, and phone plans.
Avoid defaulting, communicate with creditors
If you lose your job or face hardship, contact lenders to arrange a payment plan.
Only borrow what you can afford
Living within your means is the best long-term credit strategy.
Your credit report includes:
Collection items stay for 6 years, legal judgments for 10 years, so protect your report early.
You can start building credit within 6 – 12 months of using a credit card responsibly.
Yes! Rent reporting, utility bills, and even some mobile phone plans can help if reported to credit bureaus.
Yes. Through Nova Credit, select newcomers can transfer their international credit history for review in Canada. However, there are some restrictions.
Your credit history is your record of borrowing and repayment activity, while your credit score is a numeric summary of that history.
Building credit in Canada may seem overwhelming at first, but every payment and responsible decision counts. Whether you’re using a secured credit card, signing up for rent reporting, or simply paying your bills on time, each step helps you move forward.
The key is to start early and keep your long-term goals in mind. Now you have the tools to build credit and your credit score in Canada the right way! Stay informed, be patient, and you’ll build a strong credit history that supports your future in Canada.
Getting a credit card as a newcomer to Canada is one of the most important steps toward building your financial future. Whether you’re looking to establish credit, manage everyday expenses, or eventually qualify for a car loan or mortgage, using a credit card responsibly can open many doors. Getting started with credit in Canada can feel overwhelming, especially if you don’t have a Canadian credit history. The fear of making mistakes or falling for credit card scams can make the process even more intimidating. That’s why it’s just as important to understand how to apply as it is to know what to avoid.
In this guide, we’ll walk you through:
Whether you’re newly arrived or planning your move to Canada, this step-by-step guide will help you build credit with confidence. You’ll learn how to avoid the pitfalls that can slow you down.
When you arrive in Canada, you’re starting fresh, even if you had great credit back home. Canadian lenders may not have access to your international credit record, which means you need to build your credit history from scratch. However, the good news is that with Nova Credit and Scotiabank, newcomers from select countries can now access their international credit history in Canada. This can help give them an easier and faster path to building financial stability.
Using credit responsibly is one of the best ways to:
The easiest way is to apply for a newcomer or secured credit card through a major Canadian bank offering newcomer banking packages. These cards don’t require a Canadian credit history and often come with low or no fees.
TIP: Many banks will still approve a low-limit credit card if you apply through a newcomer program or use a secured deposit card.
Look for cards that help you build credit without high interest or complex rewards. You may want rewards, but not at the cost of high interest or confusing fine print. Start simple.
TIP: Start with a basic, low-risk card until you understand how credit works in Canada.
Common mistakes can harm your credit score, even if you’re trying to do the right thing.
Why it’s a problem: You’ll pay more in interest, and your debt will grow over time.
Solution: Pay off the full balance monthly, or at least more than the minimum.
Why it’s a problem: Late fees, interest hikes, and a negative mark on your credit report.
Solution: Set up automatic payments or reminders to pay on time.
Why it’s a problem: You might miss fraudulent charges or important updates.
Solution: Review your statement each month and report any errors right away.
Why it’s a problem: You could be liable for fraudulent charges.
Solution: Call your bank immediately to cancel and replace your card.
Why it’s a problem: High balances hurt your credit utilization ratio.
Solution: Try to use less than 30% of your total credit limit to maintain a healthy credit score.
TIP: You may rely on your credit card while waiting for income. Use it for small, essential purchases only, and create a repayment plan to stay ahead.
You don’t need to go into debt to build a credit score.
Want to know more about building credit? Read our post, Building Credit History in Canada as a Newcomer.
When you’re new to Canada and learning how credit works, you’re more vulnerable to credit card scams. Unfortunately, scammers often target newcomers who may not be familiar with how Canadian banks communicate or what to expect from a credit provider.
| TIME AFTER ARRIVAL | WHAT TO DO |
|---|---|
| Week 1 – 2 | Open a bank account and apply for a secured or newcomer credit card |
| Month 1 – 3 | Use your card for small purchases, pay it off monthly |
| Months 3 – 6 | Check your credit score and credit report |
| Months 6 – 12 | Consider asking your bank for a credit limit increase or upgrading your card |
Yes. Some banks let you apply as part of their newcomer banking package before you land. You’ll receive the card after you arrive and show your ID.
No. Your international credit history doesn’t transfer. You’ll need to build your credit from scratch in Canada.
Scores range from 300 to 900. A score of 650 or higher is considered good. The higher your score, the better your chances of getting approved for loans with lower interest
Getting a credit card in Canada is a powerful tool, but only if you use it wisely. By choosing the right card, paying on time, and avoiding common mistakes, you can build a healthy credit score and unlock more financial opportunities in your new home.
Need help? Join our free webinar:
Join us for an eye-opening session on how to build your financial future in Canada with confidence. This free webinar is hosted in partnership with Scotiabank, a trusted leader in newcomer banking. Together, we’ll guide you through how the Canadian banking system works and share free tools and strategies to help you plan, save, and invest wisely as a newcomer.
REGISTER FOR THE WEBINARWhether you’re moving to Canada permanently or arriving as an international student, selecting the right neighbourhood will shape your experience. Edmonton offers diverse communities, affordable housing options, and welcoming vibes, vital for newcomers looking to settle in and thrive. From walkable inner-city areas to quiet family-oriented communities, this guide explores the best Edmonton neighbourhoods for newcomers, based on affordability, rent prices, transit access, safety, schools, and community life.
As of 2025, Edmonton is home to over 1.4 million people in the metro region, making it the 6th-largest metropolitan area in Canada. What makes it appealing for newcomers, though, is its affordability.
According to Rentals.ca and Urbanation, the average rent for a one-bedroom apartment in Edmonton in June 2025 was $1,367 compared to $2,479 in Toronto and $2,671 in Vancouver. For a two-bedroom unit, the Edmonton average was $1,690, which is still one of the lowest among Canada’s major cities.
Here are just a few reasons why newcomers choose to live in Edmonton, Alberta:
Compared to other major cities like Toronto or Vancouver, Edmonton offers lower rent prices.
Over 25% of Edmonton’s population is made up of immigrants, making it one of Canada’s most multicultural cities.
Edmonton is known for its oil and gas roots, but today the city is a hub for other dynamic sectors like tech, construction, skilled trades, and natural resources.
The University of Alberta ranks among the Top 4 universities in Canada and the Top 100 globally, with over 46,000 students.
The North Saskatchewan River Valley offers green space, trails, and family-friendly outdoor areas.
Searching for your first home in Canada? Join this exclusive session for key insights on housing market conditions, affordable options, and renting without credit history. Tailored for newcomers settling in the next six months, register now for valuable tips and a free guide!
REGISTER FOR THE WEBINARNow that you know why Edmonton is a strong choice for newcomers, let’s explore neighbourhoods using stats about affordability, lifestyle, livability, and rental range.
Ritchie is a well-loved southeast neighbourhood that offers a blend of affordability, community spirit, and urban convenience. Nearly half the homes are single-family houses. The rest are apartments, duplexes, and townhouses, offering flexibility for renters.
It’s close to the scenic Mill Creek Ravine, local parks, schools, and Ritchie Market, a hub for local cafes and shops. Cyclists and families alike appreciate Ritchie’s walkability and outdoor access.
Good for: Young professionals, families, people who enjoy an active outdoor lifestyle
Access: Public transit and bike-friendly
Vibe: Trendy, outdoorsy, close-knit
Rental range: Moderate.
Garneau is one of the most historic and walkable Edmonton neighbourhoods near the University of Alberta, making it ideal for international students and university staff. It blends heritage homes with modern rentals, trendy cafes, and cultural spots like the Garneau Theatre.
Garneau offers a mix of rental housing options, including apartments, condos, and older character homes. The Edmonton neighbourhood is ideal for newcomers looking to rent in central Edmonton.
Good for: Students, academics, newcomers without a car
Access: Excellent transit & bike lanes
Vibe: Academic, artsy, central
Rental range: Moderate to high.
Strathcona is the heartbeat of Edmonton’s arts and culture scene. Located just south of downtown, it’s famous for Whyte Avenue, boutique shops, live music venues, and events like the Fringe Festival.
Newcomers who love a vibrant, walkable lifestyle with access to nightlife, cafes, and creative energy will love this area.
Good for: Young adults, creatives, renters
Access: Transit-friendly and central
Vibe: Academic, artsy, central
Rental range: Moderate
If you’re moving to Edmonton with children or seeking peace and privacy, Aspen Gardens is a quiet southwest neighbourhood with larger lots and mature trees. Known for its low crime rate, green spaces, and proximity to Whitemud Creek Ravine, this area offers a high quality of life.
Housing tends to be larger and more upscale, but some rentals do exist.
Good for: Families, nature lovers, long-term renters
Access: Car-dependent, some transit
Vibe: Quiet, spacious, upscale
Rental range: Moderate to high
Also in southwest Edmonton, Greenfield is a peaceful, residential neighbourhood ideal for newcomer families. It features top-rated schools, parks, and a local shopping hub. It’s also well-connected by the Edmonton transit system and close to the Century Park LRT station.
The neighbourhood offers a mix of home styles, including apartments and duplexes.
Good for: Families, commuters, working professionals
Access: Excellent via LRT
Vibe: Suburban, friendly, convenient
Rental Range: Moderate
Glenora is a prestigious and scenic Edmonton neighbourhood located just west of downtown. With older character homes, access to the River Valley, and landmarks like the Royal Alberta Museum, it’s ideal for newcomers seeking an elegant, centrally located place to live.
Good for: Families, professionals, mature renters
Access: Good transit and walkability
Vibe: Historic, green, elegant
Rental range: High
Located near Whyte Avenue and the University of Alberta, Queen Alexandra offers a mix of old-style charm and newer condo developments. It’s a practical choice for students and newcomers who want urban access with quieter streets.
Good for: Students, young families, renters, urban dwellers
Access: Walkable and transit-connected
Vibe: Balanced, walkable, up-and-coming
Rental range: Moderate.
Downtown is the business and cultural core of Edmonton, ideal for newcomers who want to be close to work, school, or transit. You’ll find major institutions like MacEwan University, NorQuest College, and numerous cafes, museums, and shopping centres. If you love festivals, museums, and events, this is where it’s all happening.
Good for: Professionals, students, urban newcomers
Access: LRT and major bus routes
Vibe: Energetic, central, convenient
Rental range: Varies by building.
Oliver is one of Edmonton’s most walkable and diverse communities, close to the River Valley and west of downtown. It’s known for Jasper Avenue, the go-to spot for restaurants, shops, and nightlife. This neighbourhood is ideal for newcomers who want quick access to shopping, cafes, and parks, and don’t have a car.
Good for: Young professionals, couples, students, renters
Access: Excellent walkability and transit
Vibe: Lively, urban, well-connected
Rental range: Moderate.
Westmount is a historic and trendy neighbourhood northwest of downtown. It has a strong community spirit, great schools, and quick access to 124th Street, a hotspot for shopping and dining. The area is popular among professionals and families seeking a cozy, character-filled place to call home.
Good for: Professionals, families, community seekers, artists
Access: Good transit and walkability
Vibe: Friendly, heritage-rich, stylish
Rental range: Moderate
| NEIGHBOURHOOD | AVG. 1-BED RENT | BEST FOR |
|---|---|---|
| Ritchie | $1,350 – $1,600 | Families, professionals |
| Garneau | $1,400 – $1,800 | Students, academics |
| Strathcona | $1,450 – $1,700 | Young adults, creatives |
| Aspen Gardens | $1,600 – $2,200 | Families, long-term renters |
| Greenfield | $1,400 – $1,700 | Families, transit users |
| Glenora | $1,600 – $2,300 | Professional, executives |
| Queen Alexandra | $1,450 – $1,750 | Students, couples |
| Downtown | $1,300 – $1,800 | Professionals, urban renters |
| Oliver | $1,400 – $1,750 | Walkers, newcomers |
| Westmount | $1,400 – $1,800 | Families, creatives |
Finding a rental in a new city is exciting, but it’s also when many newcomers are vulnerable to rental scams. Scammers often target immigrants who may not know the rental process in Canada.
Want to read more? Check out this post, How Can Newcomers Avoid Rental Scams? 10 Smart Tips.
As of June 2025, the average rent was around $1,367 for a one-bedroom and $1,690 for a two-bedroom apartment.
Neighbourhoods like Aspen Gardens, Greenfield, and Glenora are often ranked among the safest, with low crime and strong community involvement.
Top picks include Garneau, Queen Alexandra, and Strathcona because they are close to the University of Alberta, public transit, and student-friendly rentals.
Neighbourhoods like Ritchie, Greenfield, and parts of Oliver offer more affordable rental options compared to other major Canadian cities.
As a newcomer, it’s easy to feel overwhelmed by choices. But with Edmonton’s many neighbourhoods, you can find one that suits your budget, lifestyle, and needs. Use affordability, transit access, school zones, and community atmosphere as your guideposts. Edmonton has some of the lowest rental rates in Canada, making it a great place to get started.
👉 Still searching for the perfect rental in Edmonton? Visit Rentals for Newcomers!