Kitchener, Ontario

10 Cheapest Places to Live in the Canada 2024

Here’s a table format listing some of the places in Canada known for their relative affordability, based on your selection:...

The Cost of Living in Canada

The region of the country you choose to live in has some significant influences on the cost of living. Typically, living expenses will come down as you move away from the major cities. In addition, the cost of living is found to be lower in rural and agricultural communities than in metropolitan cities. Based on these factors, you should thoroughly assess your situation and requirements and then begin looking for a living option that suits your budget....

List of Top 10 Cheapest Places to Live in Canada in 2024

In Canada, several locations offer fair costs of living with affordable housing facilities across locations. In addition to the price of a property, there are other aspects to take into account while deciding where to live economically. The standard incomes of that region, the applicable taxes, and the prices of amenities also have an impact on how affordable the place is to live....

1. Sherbrooke, Quebec

The city of Sherbrooke is situated in southeast Quebec. With more than 160,000 residents, it ranks as the 30th largest city in Canada and the sixth largest in the province. Sherbrooke is an important center of the arts and economy. The city’s beautiful natural surroundings make it one of its most prominent attractions. The main economic activities include textiles, electronic parts, and education....

2. Drummondville, Quebec

This city is recognized as one of Quebec’s most popular tourist destinations and has a reputation for being a safe place for residents. One of the most advantageous things about living in Drummondville is its reasonable cost....

3. Longueuil, Quebec

This city is located on the side of the Saint Lawrence River. Apart from its administrative significance, Longueuil is famous for its industrial significance in the aerospace sector. The Canadian Space Agency headquarters are located in this city....

4. Brockville, Ontario

Brockville is a nice city in eastern Ontario and home to a number of exciting tourist attractions. Brockville is also one of the most affordable places to live in Canada. The city provides residents with a pleasant and welcoming environment while ensuring safety and security. Brockville is also one of the most affordable places to live in Canada....

5. Montreal, Quebec

Montreal is Quebec’s most populous city and a center for major economic activities. It is the location of the corporate offices of five major banks. It is also a prominent center for media and entertainment in the region. It’s one of the most preferred locations for young people to live in Canada, with lots of entertainment options, art, and culture....

6. Kitchener, Ontario

Kitchener is well known for its modern community affairs and active business scenario. The economy of Kitchener is driven mostly by the manufacturing and technology industries. Major employers include Toyota Manufacturing, Manulife, and Sun Life Financial....

7. Thunder Bay, Ontario

Thunder Bay is connected to several lakefronts and offers scope for a variety of outdoor activities. If you are looking for the best rent deals in Canada, this is an excellent area to live. For visitors looking for comfortable accommodation at an affordable price, the city is a desirable option....

8. Halifax, Nova Scotia

Halifax is the capital of Nova Scotia and is well-known for its commercial activities in eastern Canada as a major hub of both public and private enterprises. The city hosts a number of business centers, including mining, forestry, fishing, and agriculture....

9. Kingston, Ontario

Kingston is a nice city with a lot of historic structures. In terms of travel, eating out, and recreational activities, it is quite budget-friendly. The public education system, healthcare, government, public institutions, and tourism are Kingston’s main employment sectors. With a 5.4% unemployment rate as of October 2022, there are lots of job opportunities in Kingston....

10. Edmonton, Alberta

One of the most affordable places to live in Canada is Edmonton, the provincial capital of Alberta. With many prospects in petrochemicals and regional financial activities, Edmonton is a wonderful place to improve earnings....

Conclusion

It is quite justified to look for the most affordable areas to live in Canada given the status of the economy, although it may be challenging at times. We have given a brief overview of ten places that offer an affordable cost of living. When deciding on less expensive options for residing, a lot of things must be considered, such as the cost of housing, food, transportation, and other facilities, as well as employment scenarios and economic activities. Comparing the various cities in terms of these parameters is the best method to determine which location will be the cheapest to live in Canada in 2024....

FAQs on 10 Cheapest Places to Live in the Canada 2024

Which cities in Canada have the lowest rents?...