Cost of living in Canada is lower than Europe and the United States.

Canadian housing is affordable compared with other developed nations.

A couple of things to know about Canada:

• Canada ranks higher than the U.S. in statistics such as life expectancy (80.22 years in Canada versus 77.85 in the U.S.) and infant mortality (4.75 Canadian deaths per 1000 versus 6.50 in the States). Both countries rank highly with 99% literacy rates

• Toronto has the highest cost of living in Canada, followed by Vancouver, Calgary, Montreal, and Ottawa.

The survey found that Canadian cities have lower living costs than many other locations in the developed world.

More detailed figures from the survey showed that

• The cost of living in Toronto is 30 percent lower than in London, UK.
• The cost of living in Vancouver is 12 percent lower than in Amsterdam, Netherlands.
• The cost of living in Canada's capital, Ottawa, is 5 percent lower than in Glasgow, UK.

http://en.wikipedia.org/wiki/Comparison_of_Canadian_and_American_economies#Standard_of_living