Unravel the top six affordable places to live comfortably in Canada through this detailed guide. Canada is a ray of hope for individuals across the globe who seek a high-quality life amidst diverse cultures and stunning landscapes. Despite the bigger cities daunting you with their high cost of living, you can settle in any of the affordable gems.
Let’s unravel the most affordable places to live comfortably in Canada without compromising the quality of life.
Unravel the top six affordable places to live comfortably in Canada
Most budget-friendly places to reside in Canada exist in Quebec. These places are four times less costly to purchase a home compared to the national average cost of homes. Also, the best places at an affordable rate for home rental are at least two times more affordable than the average rental cost.
Let’s have a detailed look at the cheaper cities in Canada.
Quebec’s Thetford Mines
This is Canada’s most affordable place, especially renowned for its asbestos production. Thetford Mines in Quebec consists of the coldest weather during the winter season. It is a region that tends to produce a significant amount of the ever-famous maple syrup. This area also comprises an airport for a convenient commute, along with two chief research centers. The rental rate is pretty affordable for one bedroom, that is, $500. The most affordable house to be found here is at $59,900.
Shawinigan, Quebec
Shawinigan in Quebec has been on a mission to become a smart city since 2014. The city introduced multiple creative technologies in 2014 to make life more convenient for the Shawinigan citizens. Additionally, in July 2021, Quebec’s government also granted nearly $4.99 million to help out in another project worth $10 million to establish a new center to melt aluminum scrap. As a result, the citizens will have increased job prospects, and they will rejoice in this affordable city. The bedroom rental cost here is nearly $430, while the house cost at the most affordable rate must be $89,500. Moreover, the average salary here is nearly $63,214.
Quebec City, Quebec, is one of the top six affordable places to live comfortably in Canada
If you seek to live an extraordinary life at an affordable cost, you must choose Quebec City. Quebec, an economic hub, has a flourishing economy with a rising demand for skilled workers in the following sectors:
- Biopharmaceuticals
- Manufacturing
- Health and Nutrition
- Financial Services
- Metal Fabrication
- IT and Interactive Entertainment
- Tourism
It has an affordable rental cost of $650 for one bedroom, while the cheapest house will be nearly $99,000. In addition, the average salary will be nearly $60,239.
Moose Jaw, Saskatchewan
Moose Jaw in Saskatchewan is one of the most budget-friendly places throughout Canada. Besides, it is also renowned as “the friendly city.” Its name has been derived from a Cree word, indicating “a warm place by the river.” This place is home to just 36,000 people, with the primary economic sectors including healthcare, tourism, NATO Flying Training, Potash Mining, and Transportation. In addition, the Downtown region comprises multiple coffee shops, tunnels, and other unique shops. The most affordable rental cost for a bedroom is $550, with a budget-friendly house at $62,900. The average salary here is around $61,571.
St. John’s in Newfoundland is the most affordable place to live comfortably in Canada
Newfoundland is home to one of the most prominent and oldest cities, St. John’s, which perfectly blends history and culture. Historically, the fishing industry was its primary source. However, later on, they targeted oil and gas, with multiple companies headquartered in this region. For example, ExxonMobil has its headquarters here. In addition, Signal Hill is home to some of the most vibrant homes, with loads of colored and wooden houses. This place lies in the Cabot Tower. The rental cost for one bedroom here is $795, with a housing purchasing rate of $69,900. The average salary in this region is $63,396.
Edmundston, New Brunswick
This city in New Brunswick lies near the Madawaska and Saint John Rivers and has significantly become a cultural hub with multiple craft breweries, theatres, and local cuisines. This region just has a population of 17,000, and it is closer to the U.S. borders and Quebec. In addition, it is in the vicinity of the Appalachian Mountains, offering a wider scope for outdoor adventures, such as mountain biking, camping, skiing, etc. The average home cost is $177,839, while the region’s household income is nearly $78,251.
Conclusion
To conclude, Canada provides aspiring immigrants with a multitude of affordable places to settle in. Each city has its unique and charming opportunities and endless possibilities. However, Quebec appears to be in a win-win situation with several budget-friendly places, along with a rich lifestyle and even employment prospects.
If you seek information on Canadian provincial immigration, you can talk to our MakeHomeCanada experts at 1-800-979-0509, or you can drop us an email at [email protected].
