Student accommodation is a must-have item for every college student. Whether you're going to an on-campus residence hall or are just getting started with college, there's no reason not to have student housing as one of your essential needs. College students are the most likely to use the facilities at their school, so it's always a good idea to have somewhere they can stay that's inexpensive, but also has great amenities. The best way to get the most bang for your buck is with excellent examples of Student Housing in Canada (SHC). From dormitories to gated communities and more, we've got you covered with some of our top recommendations for the best student accommodation that fits your budget.
What is student housing?
Student housing is a type of accommodation that your college may provide, but you don't own. Instead, the college provides it to you while you're on-campus. In most cases, the college will provide you with a townhouse, which is often just a hut in the dormitory found on the first floor. You may be able to find an apartment in one of the several rental co-ops or towns that dot the city, or you may be able to find a code Geodesic dome for a cost that will surely exceed your budget. A code Geodesic dome is the most expensive option, at around $8,000 for a three-bedroom house. It's expensive, but that's because most code Geodesic dome homes are about three times as expensive as one-bedroom houses. The extra cost is due to the fact that there are almost always security concerns with code Geodesic domes, as well as a large upfront cost that you'll have to cover before you can ever start using the house.
How to find the right apartment for your budget?
One of the best ways to find the perfect student apartment for your budget is to use our budget calculator. When you're looking at taking out a loan, you may be able to get by with a small amount to cover some of your expenses, but when it comes time to budget, you'll want to make sure that your budget is realistic. If you're tight on cash, it may be wise to start looking at larger properties, like houses or hotels, to make sure that you can comfortably fit your cohort.
Is student housing affordable?
If you're in the 18–50% range of income, you can probably afford student housing. The price for a three-bedroom home in Canada will often fall between $1,200 and $1,300 per month, depending on your location, and how many bedrooms you want. For example, on Vancouver's west side, a three-bedroom house costs around $1,230 monthly. For higher income groups, like people who make between $50,000 and $75,000 a month, it may be worth considering a higher-end option, like a four-bedroom house, or even a plane. While it's more expensive, a plane ticket will cover more expenses, like gas and insurance, and will require a lot more maintenance. For example, a four-bedroom house in Toronto costs around $2,500 per month.
Bottom line
When it comes time to start your college career, it's important to have a budget that is realistic. The best way to get the most bang for your buck is with excellent examples of Student Housing in Canada (SHC). From dormitories to gated communities and more, we've got you covered with some of our top recommendations for the best student accommodation that fits your budget. Whether you're going to an on-campus residence hall or are just getting started with college, there's no reason not to have student housing as one of your essential needs. The best way to get the most bang for your buck is with excellent examples of Student Housing in Canada (SHC). From dormitories to gated communities and more, we've got you covered with some of our top recommendations for the best student accommodation that fits your budget.
