If you’re not spending $800-1000/month on your portion of the rent, you’ll be living in a pretty crappy place. I just moved to Vancouver, and live in the downtown core (10-15 minute walk from VFS) and I’m at about $875/month (CDN, obviously)… nice place too. The real shift is between $1400 and $1700 a month (two bedroom). That $300 difference is the difference between having an elevator that might stop at your floor or having a concierge at the front desk downstairs.
The VFS courses are intense and attendance makes up part of your grade. Living farther away might be a bit cheaper, but you’ll pay for it in other ways (burned out, missing deadlines, $$ spent on bus/skytrain passes, etc…). Also, parking near the school is crazy expensive, so driving to school and parking all day is going to cost you more in the long run than paying the extra in rent to live near the school. VFS can help you with placement (but you’re better off coming a month early and finding a place yourself), and they can place a roommate with you if you need one (which can be a good or bad thing…).
And don’t plan on getting a job while taking VFS courses… there simply isn’t time to split your focus.
They say the course is 4 years of education crammed into 1… and from the people I know, they say it feels like it.