10 Most Affordable Places to Live in Canada
- Trois-Rivières, Québec
- Regina, Saskatchewan
- Québec City, Quebec
- Saskatoon, Saskatchewan
- Winnipeg, Manitoba
- Sherbrooke, Quebec
- Windsor, Ontario
- Kingston, Ontario
- Saint John, New Brunswick
- Moncton, New Brunswick
1. Trois-Rivières, Québec
Trois-Rivières, a historic city in Quebec, is the cheapest place to live in Canada. Trois-Rivières is situated on the St. Lawrence River and has a population of over 140,000 people, which makes it the second-largest city in the Mauricie region.
Trois-Rivières stands out as one of Canada's most affordable cities to call home, primarily due to its low housing costs. With a median home price slightly surpassing $200,000, it offers remarkable affordability when compared to other Canadian cities.
Rent prices in Trois-Rivières offer excellent affordability. One-bedroom apartments in Trois-Rivières have an average rental cost of slightly above $800 per month.
Another reason why Trois-Rivières is so affordable is because of its low cost of living. The cost of living index in Trois-Rivières is 67.08, which is significantly lower than the national average of 100.
2. Regina, Saskatchewan
Regina, the capital city of Saskatchewan, is also one of the most affordable cities to live in Canada. Regina has a population of over 215,000 people, and the city stands out as one of the most budget-friendly cities to live in Canada due to its low housing costs.
With a median home price slightly above $300,000, it offers affordable opportunities for homeownership, making it an appealing choice amongst other Canadian cities.
Rent prices in Regina are remarkably affordable. On average, a one-bedroom apartment in Regina can be rented for just over $1,000 per month.
Regina is remarkably affordable for another reason, as well—its low cost of living. In fact, the cost of living index in Regina stands at a mere 64.99, making it one of the lowest among Canadian cities.
3. Québec City, Quebec
Québec City is another one of the cheapest cities to live in Canada. It's also the capital city of Quebec and has a population of over 550,000 people.
Québec City is one of the cheapest places to live in Canada because of its low cost of housing. The median home price in Québec City is just over $300,000, making it one of the most affordable cities in Canada to buy a home.
Rent prices in Québec City are also very affordable. The average rent for a one-bedroom apartment in Québec City is just over $1,100 per month.
Another reason why Québec City is so affordable is because of its low cost of living. The cost of living index in Québec City is 67.08, which is significantly lower than the national average of 100.
4. Saskatoon, Saskatchewan
Saskatoon stands out as one of the most budget-friendly cities to reside in Canada due to its notably affordable housing options. With a median home price slightly surpassing $300,000, Saskatoon offers prospective buyers an excellent opportunity to settle in one of Canada's most reasonably priced cities.
Rent prices in Saskatoon are remarkably affordable. One-bedroom apartments in the city have an average monthly rent of just over $1,000.
Saskatoon is remarkably affordable due to its low cost of living. The city boasts a cost of living index of 65.49, one of the lowest in Canada.
5. Winnipeg, Manitoba
Winnipeg stands out as one of Canada's most affordable cities. This is primarily due to its low cost of housing, particularly reflected in the median home price, which hovers slightly above $300,000.
Rent prices in Winnipeg are known for their remarkable affordability. On average, a one-bedroom apartment in this city costs just over $1,100 per month.
Another reason for Winnipeg's affordability is its low cost of living. The cost of living index in Winnipeg stands at 68.49, significantly lower than the national average of 100.
6. Sherbrooke, Quebec
Sherbrooke, Quebec, is a smaller city with a population of just over 176,000 people. It is situated in the Eastern Townships region of Quebec, renowned for its affordable living costs. Moreover, Sherbrooke boasts a thriving economy and an ethnically diverse community, making it an ideal place to reside and pursue career opportunities.
7. Windsor, Ontario
Another one of the cheapest cities in Canada is Windsor, Ontario. This city is located across the river from Detroit, Michigan. It is a major industrial center and has a population of over 217,000 people. Windsor is known for its low cost of housing and its affordable cost of living. The city also has a strong economy and a diverse population.
8. Kingston, Ontario
Kingston, Ontario, is also one of the most affordable places to live in Canada. Kingston is situated along the eastern shore of Lake Ontario, about two and a half hours drive from Toronto. Kingston is a historic city with a population of just over 124,000 people. This charming city is renowned for its affordable living costs and breathtaking scenery.
9. Saint John, New Brunswick
Saint John, located in the maritime province of New Brunswick, is another one of the cheapest places to live in Canada. Saint John boasts some of the most affordable housing in the country. You can find reasonably priced apartments and homes, making it an ideal choice for those looking to save on rent or mortgages.
10. Moncton, New Brunswick
Moncton is another one of the cheapest places to live in Canada. This city is a hidden gem in the Maritime provinces, known for its affordability and economic opportunities. The city has a growing job market, particularly in healthcare, education, and technology sectors, which means residents can enjoy both affordability and career prospects.
Cheapest Places to Live in Canada Bottom Line
While Canada's major cities often grab the spotlight, these budget-friendly destinations prove that there are still plenty of affordable places to live in the country. Whether you're seeking a quieter lifestyle, job opportunities, or simply want to save money, these cheapest places to live in Canada have you covered.