Figures are indicative; confirm with each university. Canadian dollars and Australian dollars differ in value.
Living & visa costs
Living costs run higher in Sydney/Melbourne and Toronto/Vancouver; smaller cities are cheaper. Australia requires proof of funds (around AUD 29,710/yr living) and OSHC health cover; Canada requires proof of funds and health insurance varies by province. Visa charges: Canada ~CAD 150 vs Australia Subclass 500 ~AUD 1,600–2,000.
The PR payoff
Both countries reward graduates who work locally. Canada's PGWP (up to 3 years, no age cap) and Australia's 485 (age cap 35) are the bridge to skilled migration. Weigh the upfront cost against your occupation's PR prospects — see Australia lists and Canada categories.
Frequently Asked Questions
Which is cheaper overall: Canada or Australia?
Tuition bands are similar in local currency, but Australia's visa fee and proof-of-funds are higher. Compare actual offer letters.
How much are visa fees?
Canada study permit ~CAD 150; Australia Subclass 500 ~AUD 1,600-2,000.
Which has cheaper living costs?
It depends on city; smaller cities in both countries are cheapest. Sydney/Melbourne and Toronto/Vancouver are the most expensive.
Does study cost affect PR?
Not directly, but local graduates with work experience have stronger PR cases in both countries.
PrepSettle is an independent practice site, not a migration agent. Visa rules, occupation lists, points and fees change frequently — always confirm the current details on the official sources linked below (canada.ca, immi.homeaffairs.gov.au, studyaustralia.gov.au) before you decide.