Education costs soar, NS and Ontario top list

Nova Scotia and Ontario have topped the list as the two most expensive provinces to get an education, that’s according to a Canadian RESP company.

Embark released a forecast of how much an average four-year university degree will cost Canadian students in each province.

Students in Nova Scotia and Ontario will have to pay an average of $88,490 and $86,106, respectively. That’s over $10,000 more than the national average.

Cost of a Four-Year University Degree, By Province¹

Province	Ranking of Most Expensive Provinces By Education Costs Next Year (Including Residence)	Cost of Education Next Year (Including Residence)	Comparison to National Average (Cost of Education Next Year)	What Education Will Cost In 18 Years (Including Residence, Forecast)	Education Cost Growth Over The Next 18 Years (Compared to 2024 Costs)	Year That Children Are Forecast To Pay More Than $100,000 For School, By Province
Canada	National	$75,387	–	$104,898	39 %	2039
Nova Scotia	1	$88,490	17 %	$132,565	50 %	2029
Ontario	2	$86,106	14 %	$114,024	32 %	2034
New Brunswick	3	$83,162	10 %	$116,741	40 %	2033
Saskatchewan	4	$80,761	7 %	$115,014	42 %	2034
Alberta	5	$78,034	4 %	$104,493	34 %	2039
Prince Edward Island	6	$76,802	2 %	$105,879	38 %	2038
Quebec	7	$69,719	-8 %	$96,919	39 %	–
British Columbia	8	$68,495	-9 %	$93,668	37 %	–
Manitoba	9	$67,934	-10 %	$95,705	41 %	–
Newfoundland	10	$54,366	-28 %	$73,975	36 %	–

Fees for students in British Columbia ($68,495), Manitoba ($67,934) and Newfoundland ($54,366) are estimated to pay the least.

Costs are expected to rise by 39 percent over the next 18 years, reaching $104,898 by 2041.

Newsroom

Education costs soar, NS and Ontario top list