The increasing cost of living in Canada has led immigrants and citizens to switch to a more laid-back and budget-friendly lifestyle. Thankfully, several provinces in Canada are comparatively more affordable to call home.
Note that when we talk about “affordability” – we take the income-to-expense ratio, average housing price, and average household incomes into account. So, if you are thinking “Which is the most affordable place to live in Canada?”, here is a list for you.
Affordable Places to Live in Canada
1. Edmundston, New Brunswick
First on the list, we have Edmundston City located in New Brunswick province in Canada. Sure, Edmundston is not on top of the newcomer's list of places they want to live but when it comes to affordability, it ranks pretty high. Edmundston is a small logging settlement, which has evolved into a cultural hub of local cuisine, theatre, and craft breweries. Here, the average home price is CAD 177,839, with an average household income of CAD 78,251.
2. Saskatoon, Saskatchewan
To be invited to Saskatchewan for permanent residency, first, you need to check your eligibility using a SINP calculator. Once you have a provincial nomination, you can live anywhere in the province, Saskatoon for instance – one of the most affordable places in Canada. The living cost in this city is relatively lower than in cities like Vancouver or Toronto. Ranking as the 11th cheapest city in Canada, Saskatoon has affordable housing rates of around CAD 383,000 with an average household income of CAD 104,000.
3. Thetford Mines, Québec
A city where history and affordability meet, Thetford Mines in Québec is one of the cheapest places to live in Canada. The average home price in this city is CAD 172,189 with an average household income of CAD 75,971. Located in south-central Québec on the Bécancour River, newcomers can consider Thetford Mines as a potential place to settle down. Also, the population here is on the lower scale – 26,000, meaning a more interconnected society.
4. Saint-Georges, Québec
Another affordable city in Québec province is Saint-Georges, located around 3 hours from Montreal. The city houses around 35,000 people and offers the most affordable housing prices – CAD 231,095. You can work at various jobs in sectors like retail, manufacturing, and more, and earn an income of CAD 86, 987 on average. The city is a major manufacturing hub and has many work opportunities for those with relevant skills.
5. Abbotsford, British Columbia
This is one of the largest provinces in the Great White North and is usually considered expensive. However, Abbotsford is among its most affordable cities. Use a BC PNP calculator 2024 to know your eligibility for a nomination to get invited to settle in this province. If you get nominated, choose Abbotsford, the largest city in BC by area and most affordable, especially for international students. In fact, the cost of living here is 3.6% below the national average.
6. Rivière-du-Loup, Québec
Newcomers can find homes here at an average rate of CAD 276,874 with an average household income of CAD 88,059, making it one of the ideal and budget-friendly places to settle. Located in the Bas-Saint-Laurent region, Rivière-du-Loup in Québec is a great place if you are visiting just as a tourist and try activities like whale watching on the St. Lawrence River.
7. Miramichi, New Brunswick
Featuring twice, New Brunswick also houses many affordable cities, and Miramichi is among them. There is also not much population here, only 18,000 – making it one of the smallest cities with friendly and welcoming people. The average price of a home here is CAD 193,621 and an average household income of CAD 85,720. If you decide to settle here, you must know it is the ideal place for individuals with experience in agriculture or forestry trades.
8. Bathurst, New Brunswick
On number 8 is Bathurst, a lesser-known city in New Brunswick. But when it comes to affordability, it is an excellent place to enjoy a pocket-friendly lifestyle. Bathurst is the fourth largest metropolitan area in the province and is also a hub for shopping enthusiasts. The average household income in Bathurst is CAD 74,337 and the average home price is CAD 179,592.
9. Montmagny, Québec
45 minutes outside of Québec City lies the city of Montmagny. Around 11,000 people live in this city and work majorly in sectors like manufacturing and production. If you have always wanted to fulfil your small-town life dream, Montmagny is the place for you. You can earn an average income of CAD 76,566 on average and explore houses with average rates of CAD 246,630.
10. Sainte-Marie, Québec
Sainte-Marie is considered one of Canada’s most beautiful and most affordable places to live for immigrants. You can see a population of 14,000 people, living in harmony and leading peaceful lives without much commuting to major urban areas. Here the average home price is CAD 274,031 and CAD 97,128 is the average household income.
Ready to settle?
Moving to an entirely new country is not as easy as it may seem. There are a lot of things you need to keep in mind and the cost of living is on top of that list. To understand Canada’s housing market more comprehensively and apply for permanent residency in one of the Canadian provinces, connect with the best Canada PR consultants in Bangalore, Nationwide Visas. Being in the industry for over 16 years, Nationwide Visas is equipped with all the tools and knowledge to make this transition as seamless as possible for you.
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