Top 20 Cheapest Places To Live In Canada
In major cities like Toronto and Vancouver, rents are skyrocketing. So, many Canadians or people from other countries look for more affordable options in other cities. With the current economy, it also makes sense if you’re looking for the cheapest places to live in Canada.
Recently, the Globe and Mail published a list of the top 100 most liveable cities. Among these, the top cities are based mostly on rent affordability. In this article, we’ve listed the cheapest cities in Canada using the available data.
Factors Affecting Cost of Living
Living expenses apparently vary much from one city to another. Here are some of the major factors that can affect your cost of living in Canada:
Housing Affordability
The cost of buying a home can vary depending on the city and the neighbourhood. Some cities have more affordable housing options than others. Rent is also one of the biggest expenses for most people. Some cities have lower rental prices, making them more attractive for those on a budget.
Utility Costs
Your utility bills, like electricity, water, and gas, can also differ from city to city. Other services, like internet and phone bills, can add to your monthly expenses.
Transportation Expenses
Getting around the city can be costly, especially if you need to use public transport or own a car. Some cities have better public transport options, which can help you save money.
Grocery and Daily Living Expenses
The cost of food, clothing, and other essentials can also affect your overall cost of living. Some cities have lower prices for groceries and everyday items.
Healthcare and Education Costs
Getting affordable healthcare and education benefits can also be a big factor in choosing where to live. Major metropolitan cities cost a lot, while some cities offer these services at lower costs.
Top 10 Cheapest Cities to Rent in Canada
Finding an affordable place to rent in Canada is key to living comfortably without breaking the bank. Whether you’re a student you are studying in Canada, a professional, or a family looking for a new home, these cities provide budget-friendly living without compromising on amenities. Below, we explore ten cities that offer both affordable rental options and a high quality of life. Now, let’s count down the Top 10 Cheapest Cities to Rent in Canada:
1. Windsor, Ontario
Windsor, located on the southern tip of Ontario, is a city rich in history and culture. Often called the “Automotive Capital of Canada,” Windsor strongly connects to the automotive industry. It’s also known for its beautiful waterfront along the Detroit River, offering stunning views and a peaceful atmosphere.
Average Rental Price: For one-bedroom apartments, CAD 900, and for two-bedroom apartments, CAD 1,100 on average.
Key Attractions: Windsor Sculpture Park, Willistead Manor, Point Pelee National Park.
Quality of Life: Vibrant cultural scene and proximity to the U.S. border. The city is friendly and welcoming, with a strong sense of community.
Nearest Universities: University of Windsor, St. Clair College
2. St. John’s, Newfoundland and Labrador
The capital city of Newfoundland and Labrador, St.John’s, is popular for its colourful row houses. It’s a picturesque city with a unique charm. The city’s history, dating back to the 16th century, is evident in its architecture and culture.
Average Rental Price: CAD 980-1216.
Key Attractions: Signal Hill, Atlantic Ocean, music festivals.
Quality of Life: St. John’s offers a relaxed lifestyle with a close-knit community. The city is combined with its natural beauty and rich history.
Nearest Universities: Memorial University of Newfoundland (MUN)
3. Saskatoon, Saskatchewan
Saskatoon, situated along the South Saskatchewan River, is known for its friendly people and vibrant economy. This city is often referred to as the “Paris of the Prairies” due to its eight bridges. It has a blend of natural beauty and urban conveniences. It’s one of the most affordable cities in Western Canada.
Average Rental Price: CAD 800-1,000
Key Attractions: Beautiful riverbank parks, the Remai Modern Art Museum, and the Wanuskewin Heritage Park.
Quality of Life: Plenty of recreational activities, with a balanced lifestyle. The city has a sense of community and a strong local economy.
Nearest Universities: University of Saskatchewan (Cheapest University)
4. Moncton, New Brunswick
Moncton is a bustling city in New Brunswick known for its friendly people and strong bilingual culture. Located in the Maritime Provinces, Moncton is often called the “Hub City” because of its central location in the region.
Average Rental Price: CAD 800-1,000
Key Attractions: Magnetic Hill, Hopewell Rocks, and various theatres and galleries.
Quality of Life: Moncton offers a strong community vibe and beautiful natural surroundings. It’s a great place for families and individuals looking for a welcoming and vibrant community.
Nearest Universities: Université de Moncton, Crandall University
5. Trois-Rivières, Quebec
Trois-Rivières, located between Montreal and Quebec City, is a historic city. With its scenic views of the St. Lawrence River, Trois-Rivières offers a more relaxed lifestyle than Quebec’s larger cities.
Average Rental Price: CAD 750-$900.
Key Attractions: The Old Prison of Trois-Rivières, the Boréalis Museum, and numerous outdoor activities.
Quality of Life: Trois-Rivières offers a peaceful lifestyle with a friendly community. It’s an ideal place for those who appreciate culture and nature.
Nearest Universities: Université du Québec à Trois-Rivières (UQTR)
6. Fort McMurray, Alberta
Located in northeastern Alberta, Fort McMurray is a city strongly connected to the oil sands industry. Despite its remote location, the city offers modern amenities and a close-knit community. It’s a place where outdoor adventure meets economic opportunity. Also, you can go for plenty of outdoor activities like hiking, fishing, and wildlife watching.
Average Rental Price: CAD 1251
Key Attractions: Beautiful boreal forests, Historical Museums, and Galleries.
Quality of Life: Living in Fort McMurray means being close to nature while enjoying a strong local economy. The city provides a good quality of life, especially for those working in the energy sector.
Nearest Universities: Keyano College
7. Winnipeg, Manitoba
The capital of Manitoba, Winnipeg, is another cheapest city in Canada. It offers a cultural scene, historic architecture, and friendly locals. Often called the “Gateway to the West,” Winnipeg has a rich history and a vibrant arts neighbourhood.
Average Rental Price: CAD 950-1,100
Key Attractions: Forks, Canadian Museum for Human Rights, Winnipeg Folk Festival & Folklorama.
Quality of Life: Offers various cultural and recreational activities. It’s a city that blends history, culture, and modern living.
Nearest Universities: University of Manitoba, University of Winnipeg
8. Regina, Saskatchewan
Another affordable area and the capital city of Saskatchewan, Regina, has a strong economy. The city is full of wide-open spaces and friendly people. It’s a city where you can enjoy both nature and culture without the high price tag.
Average Rental Price: CAD 850-1,050
Key Attractions: Royal Saskatchewan Museum, the Saskatchewan Science Centre, and the beautiful Wascana Centre.
Quality of Life: It has a strong community spirit and excellent amenities.
Nearest Universities: University of Regina
9. Halifax, Nova Scotia
Moving onto the eastern coast of Canada, Halifax is a city with a rich maritime history. This capital city of Nova Scotia is well-known for its beautiful waterfront. It’s a blend of old-world charm with modern amenities.
Average Rental Price: CAD 900-1,100
Key Attractions: Halifax Citadel, Maritime Museum of the Atlantic, Coastal views.
Quality of Life: Provides scenic beauty and rich cultural heritage. The city is welcoming and vibrant, making it a great place to live for people of all ages.
Nearest Universities: Dalhousie University, Saint Mary’s University
10. Laval, Quebec
Another cheapest city in Quebec is Laval, located just north of Montreal. It’s not just popular as a bustling suburban city but also for its mix of residential neighbourhoods. Laval’s proximity to Montreal offers a quieter, more affordable alternative to living in the big city.
Average Rental Price: CAD 1,000-1,200
Key Attractions: The Cosmodome, Centre de la Nature, vibrant shopping and dining scene.
Quality of Life: Laval offers a family-friendly neighbourhood and easy access to Montreal. It’s a city where you can enjoy suburban living with many benefits.
Nearest Universities: Université de Montréal (Laval campus), Collège Montmorency
Top 10 Cheapest Cities to Own a Home in Canada
When it comes to owning a home in Canada, some cities offer more affordable options than others. Below, we explore ten of the cheapest cities to buy a house, providing key details about each city’s lifestyle, attractions, and housing costs.
1. Thunder Bay, Ontario
Thunder Bay, in Ontario, is known for its natural beauty and friendly community. The city has a rich history and a strong sense of community. It’s full of vast forests, numerous lakes, and stunning landscapes.
Average home price: $299,300
Key attractions: Sleeping Giant Provincial Park, Kakabeka Falls, Fort William Historical Park.
Quality of life: Thunder Bay offers a balanced lifestyle with access to outdoor activities, affordable housing, and a close-knit community.
2. Saint John, New Brunswick
The largest city in New Brunswick, Saint John, is a charming coastal area with a rich history. Located on the Bay of Fundy, the city is a hub for industries such as shipping, manufacturing, and healthcare. Also, there are so many lively cultural scenes, with art galleries, theatres, and restaurants.
Average home price: $267,900
Key attractions: Reversing Falls, Saint John City Market, Rockwood Park.
Quality of life: Saint John offers a relaxed lifestyle with a strong sense of community and beautiful coastal views.
3. Red Deer, Alberta
Another city where you can buy a home at an affordable price is Red Deer in Alberta. Located midway between Calgary and Edmonton, it is a vibrant city full of agriculture, oil, and gas industries. The city has grown rapidly over the years, offering residents a mix of urban and rural living. The city is also home to several parks, trails, and natural spaces.
Average home price: $392,900
Key attractions: Waskasoo Park, Alberta Sports Hall of Fame, Kerry Wood Nature Centre.
Quality of life: Red Deer provides a high quality of life with access to nature, community events, and a growing economy.
4. Trois-Rivières, Quebec
If you prefer a blend of history and modern amenities, Trois-Rivières offers an affordable place to call home. This historic city is known for its French-Canadian culture, charming old town, and thriving arts scene. Trois-Rivières has a diverse economy, with industries ranging from manufacturing to education and healthcare.
Average home price: $339,300
Key attractions: Old Trois-Rivières, Boréalis Museum, Forges du Saint-Maurice National Historic Site.
Quality of life: Trois-Rivières combines a rich cultural heritage with affordable living.
5. Edmonton, Alberta
Edmonton, Alberta’s capital city, is often called “Canada’s Festival City.” The city’s economy is diverse, with strong sectors in oil, gas, technology, and education. The city has a dynamic urban lifestyle with an affordable housing market than other major cities.
Average home price: $442,200
Key attractions: West Edmonton Mall, Royal Alberta Museum, Elk Island National Park.
Quality of life: Edmonton offers a vibrant urban experience with cultural events and outdoor activities.
6. Regina, Saskatchewan
Regina is not only cheap to rent. The city is also a good option if you are planning to buy a home. You’ll have a vibrant culture and welcoming community full of beautiful parks and green spaces. Regina is a popular choice for those looking to settle in Saskatchewan.
Average home price: $379,700
Key attractions: Wascana Centre, Royal Saskatchewan Museum, Saskatchewan Science Centre.
Quality of life: Regina offers a high quality of life with access to cultural institutions, green spaces, and affordable housing.
7. St. John’s, Newfoundland and Labrador
As mentioned, it’s the capital city and one of the oldest cities in North America. In St. John’s, you’ll get both an affordable renting and buying house option. The areas in this city have a unique blend of historic charm and modern amenities. The city’s picturesque landscapes and vibrant community make it an appealing place to live.
Average home price: $342,200
Key attractions: Signal Hill, The Rooms, George Street.
Quality of life: St. John’s offers a unique coastal lifestyle with a rich cultural heritage, vibrant arts scene, and affordable housing.
8. Quebec City, Quebec
Quebec City is another best option for owning a house, especially for families. As one of the oldest cities in North America, its Old Town is a UNESCO World Heritage site. The city also has a high-quality education and healthcare system.
Average home price: $366,800
Key attractions: Old Quebec, Montmorency Falls, Museum of Civilization, and the Plains of Abraham.
Quality of life: Quebec City offers a relaxed lifestyle with a rich cultural atmosphere, excellent public services, and beautiful natural surroundings.
9. Sherbrooke, Quebec
Your other option in Quebec can be Sherbrooke for buying a house. It’s a charming city nestled in the heart of Quebec’s Eastern Townships. Sherbrooke is a paradise for nature lovers and outdoor enthusiasts. The cost of living is much lower in Sherbrooke.
Average home price: $366,900
Key attractions: Lac des Nations, Sherbrooke Museum of Fine Arts, and the University of Sherbrooke.
Quality of life: Sherbrooke offers a peaceful and affordable lifestyle with a strong focus on community and outdoor activities.
10. Winnipeg, Manitoba
Finally, if you plan to settle down in Winnipeg, buying a house won’t cost you a lot. The city already has a strong economy, but the cost of living is also relatively low here.
Average home price: $398,900
Key attractions: The Forks, Canadian Museum for Human Rights, Assiniboine Park, and the Exchange District.
Quality of life: Winnipeg provides a vibrant urban lifestyle with a rich cultural scene, strong community connections, and affordable living costs.
Comparison Of Rental and Home Prices in Canada
Here’s a comparison of the top 10 cities in Canada for both renting and owning a home. This comparison of rental and home prices in Canada will help you see where you can get the most value.
City Name | Average Rental Price | Average Home Price | Key Attractions |
Thunder Bay | CAD 900 | CAD 299,300 | Sleeping Giant Provincial Park, Kakabeka Falls |
Saint John | CAD 980-1216 | CAD 267,900 | Reversing Falls, Saint John City Market |
Trois-Rivières | CAD 750-900 | CAD 339,300 | Old Trois-Rivières, Boréalis Museum |
Sherbrooke | CAD 750-900 | CAD 366,900 | Lac des Nations, Sherbrooke Museum of Fine Arts |
Quebec City | CAD 900-1,100 | CAD 366,800 | Old Quebec, Montmorency Falls |
Winnipeg | CAD 950-1,100 | CAD 398,900 | The Forks, Canadian Museum for Human Rights |
St. John’s | CAD 980-1216 | CAD 342,200 | Signal Hill, The Rooms |
Regina | CAD 850-1,050 | CAD 379,700 | Wascana Centre, Royal Saskatchewan Museum |
Laval | CAD 1,000-1,200 | CAD 424,600 | The Cosmodome, Centre de la Nature |
Edmonton | CAD 1,200-1,500 | CAD 442,200 | West Edmonton Mall, Royal Alberta Museum |
These affordable cities comparison table provides a clear view of the average costs of renting and buying homes in each city.
Benefits of Living in Affordable Cities
Living in a city that doesn’t cost a lot can make your life a lot better. Here’s why:
Financial Savings
One of the most obvious benefits of living in an affordable city is financial savings. You can save more money for other things, like trips, hobbies, or just having extra cash for emergencies.
Better Quality of Life
With less financial stress, you can enjoy life more without worrying too much about bills. You’ll have more time and energy to spend on fun activities, family, and friends.
Great Amenities and Services
Affordable cities often have nice parks, good schools, and fun things to do. You don’t need to live in an expensive city to find great places and services.
Opportunities for Home Ownership
In cheaper cities, buying a home is more realistic. You can have your own space and build your future without taking on a huge mortgage.
Tips for Moving to a New City
Moving to a new city can be really exciting but also a bit overwhelming sometimes. Here are some tips to help you make the move smoothly:
Learn About the City
Before you move, take some time to learn about your new city. Find out what’s nearby, what the neighbourhoods are like, and what the city has to offer.
Plan Your Budget
Moving can be expensive. Make a budget for all the costs you might have. For example, moving trucks, new furniture, and setting up utilities.
Find Housing
Start looking for a home or apartment early. Check out different neighbourhoods and see what fits your budget and needs. It’s also a good idea to visit the places you’re interested in before you decide.
Figure Out How to Get Around
Each city has different ways to get around. Check if there’s public transportation like buses or subways or if you need a car.
Explore Your New City
Once you move, take some time to explore. Visit local parks, shops, and restaurants. Finding out what your new city has to offer will help you settle in and start enjoying your new home.
Conclusion
Whether you’re looking to rent or buy, there are many cheapest places to live in Canada. If you’re considering a move, we encourage you to explore these affordable cities. Then, plan your next steps toward a more affordable and enjoyable lifestyle with confidence.