Thinking about becoming a pet owner? Find out the costs of owning a dog or cat in Canada

The cost of owning a dog or cat has more than doubled for Canadians in the past year due to increasing prices of pet food and veterinary care, resulting in higher overall expenses for pet owners.

Dog owners can expect to spend at least $965 per year, with costs reaching up to $4,020 annually for dogs that require special food, medications, or additional care.

On the other hand, cat owners can anticipate spending between $930 to $2,400 per year, with most cat parents spending around $80 to $200 per month. Overall, cat parents have seen a $70 increase in pet-related expenses in 2024 compared to 2023.

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Pet food prices have soared, with some dog food brands costing 130 percent more and cat food prices up to 120 percent higher than last year.

Among pet parents, 52 percent mentioned that pet-specific items are pricier than other commonly purchased goods like groceries and personal care essentials.

Dr. Rebecca Greenstein, a veterinarian based in Toronto, emphasized the increasing bond between pets and their owners, noting that pet expenses are now considered essential and comparable to expenses for family.

Dog Ownership

Potential dog owners can expect to pay 44 percent more than last year, with an average cost ranging from $2,465 to $4,770 in the first year.

Startup costs include adoption fees, vet visits, vaccinations, grooming items, and essentials like a collar, leash, dog dishes, bed, and crate. Spay or neuter surgery is a significant expense, averaging $755 to $1,080.

Cat Ownership

Bringing home a new cat can cost between $1,875 and $3,345 in the first year, including vet fees, vaccinations, and essential items like food dishes, a carrier, scratching post, grooming tools, and toys.

Costs for cat food, litter, and potential medical expenses for senior cats can also add up significantly.