Edmonton vs. Surrey - costs of living compared

When considering your ideal Canadian city to call home, the cost of living becomes a crucial factor in shaping your lifestyle and finances. Edmonton and Surrey, both located in the western part of Canada, often attract those seeking a balance between urban living and affordability. In this blog, we’ll explore and compare these two cities. We will check out key aspects of daily life such as housing, utilities, transportation, taxes, and healthcare. Whether you’re a prospective resident searching for a new home or simply curious about the cost of living disparities between these cities, we’ll dive into the nuances that distinguish Edmonton and Surrey in terms of quality of life and affordability. Join Centennial Moving Canada and compare the Edmonton vs. Surrey and the costs of living.

Housing expenses in Edmonton vs. Surrey

If you’re planning on moving from Edmonton to Surrey, one of the significant considerations on your checklist is the cost of housing. Let’s break down how housing costs compare in these two cities:

Edmonton offers affordable living

1. Affordability at its best. Edmonton boasts a reputation for offering one of the most affordable housing markets among major Canadian cities. For those planning a move from Edmonton to Surrey, this affordability can be a noteworthy advantage, allowing you to maintain your budget while transitioning to a new city.
2. Housing diversity. Edmonton is more than just affordable; it’s versatile. This city offers plenty of different housing options to cater to various preferences and budgets. Whether you’re interested in apartments, cozy townhouses, or spacious single-family homes, Edmonton has it all.

Housing cost is often the first question when comparing Edmonton vs. Surrey

Surrey – exploring costs in the Greater Vancouver area

1. The Greater Vancouver premium. Moving from Edmonton to Surrey, you’ll find that Surrey, as part of the Greater Vancouver area, grapples with higher housing costs compared to its neighbor, Edmonton. This is where the renowned Vancouver housing market’s influence trickles down, impacting Surrey’s real estate prices.
2. Housing palette in Surrey. Surrey’s housing landscape reflects the vibrant diversity of the city itself. While detached homes can be relatively expensive, Surrey offers a mosaic of housing types. Whether you seek the convenience of apartment living, the charm of townhouses, or the luxury of detached homes, Surrey provides various options to suit your lifestyle.

When planning your move from Edmonton to Surrey, these differences in housing costs become main factors to consider, ultimately influencing your decision on where to call your new home in the Greater Vancouver area. Make sure you are familiar with the hotspots for long distance real estate investment in Canada before securing a house.

Utilities and basic expenses

If you’re planning a move from Surrey to Edmonton, it’s essential to consider how everyday expenses, such as utilities and groceries, may differ significantly between these two cities. Let’s get into the tangible variations:

Edmonton offers affordable everyday living

1. Budget-friendly utilities. Edmonton is renowned for its affordability, and this extends to utilities. On average, Edmontonians spend around $140 per month on basic utilities. This includes heating, electricity, and water for a standard 85m² apartment. For instance, during the winter months, the heating bill for a typical two-bedroom apartment in Edmonton averages approximately $90. That is notably lower than many other Canadian cities.
2. Grocery shopping without the sting. Edmonton also offers budget-conscious grocery shopping. A standard basket of groceries in Edmonton costs around $75, making it an economical choice for residents. Everyday essentials like bread, milk, and fresh produce are reasonably priced, ensuring that your grocery budget stretches further.
3. No provincial sales tax (PST) in Alberta. When it comes to your everyday purchases, Alberta’s tax advantage shines. Moving from Surrey to Edmonton means you won’t encounter the Provincial Sales Tax (PST). This tax exemption applies to goods and services, helping you save an additional 5% on various items compared to provinces with sales taxes.

Edmonton offers an affordable lifestyle

Surrey – navigating Greater Vancouver’s costs

1. Higher utility costs. In contrast, utility costs in Surrey can be notably higher due to milder winters. The average monthly utility bill for an 85m² apartment in Surrey can reach approximately $170. The temperate climate results in fewer heating expenses, but higher electricity usage throughout the year.
2. Greater Vancouver’s impact. Surrey’s location within Greater Vancouver inevitably influences the overall cost of living. For example, housing costs in Surrey are substantially affected by the proximity to Vancouver. The housing market there is one of the most expensive in Canada.
3. PST and GST in British Columbia. British Columbia imposes a Provincial Sales Tax (PST) and Goods and Services Tax (GST) on various goods and services. This adds an additional 7% to the cost of eligible items. When living in Surrey, you’ll need to be aware of these taxes in your budget for day-to-day expenses.

When moving from Surrey to Edmonton, these tangible differences in utilities and everyday costs provide a practical perspective on how your budget may be impacted. Understanding these financial considerations will help you make informed decisions. Therefore, it will ensure a smoother transition to your new life in Alberta’s capital city.

Transportation: Edmonton vs. Surrey

Whether you’re moving from Surrey to Edmonton or anywhere else in Canada, transportation becomes a critical aspect of your decision-making process. Let’s explore how transportation options compare between these two cities, keeping in mind the assistance you can get from long distance movers Canada for a smooth relocation.

Efficient and affordable transit in Edmonton

In Edmonton, getting from point A to point B is a breeze thanks to a well-established public transportation system.

1. Well-connected public transportation. Edmonton is known for its well-connected public transportation network. With a combination of buses and a light rail transit (LRT) system, you’ll find that moving within the city is convenient and efficient, whether you’re commuting to work or exploring local attractions.
2. Affordability of public transit. One of the major advantages of Edmonton’s public transit system is its affordability. The cost of public transit fares in Edmonton is reasonable, making it an accessible and cost-effective option for daily commuting or leisure travel. Monthly transit passes are available, which reduces the cost for regular users.

Don’t forget to compare public transportation options when deciding on Edmonton vs. Surrey

Surrey is a part of Metro Vancouver’s Transit network

Surrey seamlessly integrates into the expansive Metro Vancouver Transit network, providing access to a variety of transportation options.

1. Integration into Metro Vancouver Transit. The city’s location within Metro Vancouver ensures that residents have access to a comprehensive transit network. This includes buses and SkyTrain services, making it easy to travel within Surrey and connect to neighboring communities.
2. Relatively higher transportation costs. However, it’s essential to note that transportation costs in the Greater Vancouver area can be relatively higher compared to Edmonton. Factors such as bridge tolls, higher fuel prices, and a generally more expensive cost of living in the region can impact transportation expenses.

When comparing transportation options between Edmonton and Surrey, you’ll find that both cities offer efficient ways to get around, and moving company across Canada can assist you with the relocation process, ensuring a smooth transition to your new city. These considerations are vital for those looking to make an informed choice when it comes to transportation in their new location.

Taxes – navigating financial landscapes in Edmonton vs. Surrey

Taxes are the financial underpinning of any city, and understanding their nuances is crucial when considering a move. Let’s embark on a journey through Edmonton and Surrey’s unique taxation systems, shedding light on how they impact your financial story.

Study both taxation systems in these cities before moving

Edmonton – Alberta’s tax canvas

In Edmonton, taxes have a unique character, differing from other Canadian cities.

1. A flat income tax rate. Edmonton, as part of Alberta, operates under a flat income tax rate system. This means that regardless of your income level, you’ll pay the same percentage of your earnings in provincial income tax. Individuals with higher incomes often take advantage of this simplicity.
2. The absence of provincial sales tax (PST). One notable stroke on Edmonton’s tax canvas is the complete absence of a provincial sales tax (PST). This means you won’t incur additional taxes on most goods and services, which can translate into savings on your everyday purchases.

Surrey – British Columbia’s taxing terrain

Surrey, nestled in British Columbia, has its own unique taxation terrain with a progressive twist.

1. A progressive income tax system. Residents of Surrey navigate a progressive income tax system. As your income increases, so does your income tax rate. This can mean that people who earn more money may end up paying more in income taxes. It makes taxation a bit more complex for those with higher incomes.
2. PST and GST in the Palette. Surrey residents must also consider British Columbia’s Provincial Sales Tax (PST) and Goods and Services Tax (GST). These taxes apply to a variety of goods and services, impacting your overall cost of living and expenses.

When considering a move from one city to another, understanding the unique tax landscapes is essential for crafting your financial narrative. Whether you prefer the simplicity of a flat tax rate in Edmonton or the progressive elements of Surrey’s income tax system, these tax tales will shape your financial journey in your new home.

Healthcare – Publicly-Funded Wellness

Both Edmonton and Surrey boast robust publicly-funded healthcare systems that prioritize accessible and affordable medical services for their residents. Edmonton, situated in Alberta, is under the jurisdiction of Alberta Health Services (AHS), while Surrey, located in British Columbia, is overseen by the British Columbia Ministry of Health. This commitment to publicly-funded healthcare ensures universal access to a different range of medical services, from doctor visits to hospital care, surgeries, and essential treatments, all provided without direct costs at the point of care.

Whether you reside in Edmonton or Surrey, Canada’s Medicare system enables prompt medical attention, promoting the timely management of health concerns before they escalate into more significant issues. Moreover, prescription drug coverage, available through provincial programs and private insurance options, contributes to the overall affordability of healthcare, helping residents manage medication costs effectively. This shared dedication to publicly-funded healthcare results in relatively similar healthcare expenses in both cities. It provides residents with a reassuring healthcare safety net, regardless of whether they are in Alberta or British Columbia.

Summing up Edmonton vs. Surrey

In summary, when comparing the cost of living in these two friendly places for foreigners in Canada, several key differences come to light. Edmonton stands out for its affordable housing options, budget-friendly utilities, reasonable grocery prices, and the absence of provincial sales tax (PST). In contrast, Surrey presents higher housing costs, relatively higher utility expenses due to milder winters, and the presence of both PST and Goods and Services Tax (GST).

For individuals contemplating a move within Canada, financial priorities play a significant role in the decision-making process. If affordability and a wide range of housing choices are paramount, Edmonton offers a compelling choice. On the other hand, Surrey, while relatively more expensive, provides access to the amenities and opportunities of the Greater Vancouver region. Considering your income, lifestyle, and financial goals will help you determine which city aligns better with your unique circumstances.

Enjoy your move by making informed decisions

Ultimately, the decision between Edmonton and Surrey depends on striking the right balance between cost and quality of life. These insights aim to assist you in making an informed choice for your future in Canada. Whether you prioritize financial savings or proximity to the vibrant Greater Vancouver area, both cities offer their unique advantages and opportunities.