Which Is the Cheapest Town to Live in Canada? – 11 Options!

Looking for the cheapest town to live in Canada? Well, you have landed in the right place!

Canada is one of the most diversely populated countries in the world. The immigration rules are welcoming in Canada, which is why you can find people of all ethnicity.

While there are big cities in Canada where the cost of living is too high, small towns offer a great work-life balance.

When big cities get too expensive and crowded, people start looking for the cheapest town to live in Canada because mental peace needs to be restored.

Cheapest Town to Live In Canada: 11 Best Places!

Canada is full of places <span id=”editable-content-within-article~0~4~1″ class=”css-1f8sqii”>to live and explore, but the following are some of the options for the cheapest town to live in Canada. 

1. Sherbrooke, Quebec

Sherbrooke is located in Quebec, and it is not a popular town in Canada. This urban location is the cheapest town to live in Canada. The city stands in fourth position in terms of area in Quebec.

The town is just a hour’s drive away from Montreal in the United States. The city has an urban feeling and is a lively place to live in.

Despite being a small town, several universities, institutions, and healthcare departments are the major employers in Sherbrooke. For education and the medical profession, the city has good job opportunities.

It is also a student area, and you can find cheap apartments for accommodation. When the cost of living is low, you can save more. The town offers great ski terrain, adding the fun factor while keeping the youth busy.

2. Sault Ste. Marie

Sault Ste. Marie is another of the cheapest towns in Canada, but the city has vivid beauty to offer your sight apart from being affordable. It is the third-largest town in Ontario.

In Sault Ste. Marie, you can find a wide range of jobs in the market. The accommodation and cost of living are comparatively low in this beautiful town.

This town is known for its great work-life balance, and one of the best features of this small town is its real estate affordability, which is not a far cry.

Sault Ste. Marie has opportunities for higher education, as well. Several places attract tourist attention and make a great weekend getaway.

3. Abbotsford, British Columbia

When you get tired of city life and seek nirvana in a small town, Abbotsford is the place for you. Despite being one of the affordable cities, you can find great job opportunities here and in various sectors.

The cost of living is comparatively low and varies depending on your location. If you live within the city, the living expenses will be slightly higher than in the outer regions.

Abbotsford is the cheapest town to live in Canada and has closer connectivity with Vancouver and Richmond. The city has great tourist destinations, which include ocean views, beaches, and mountains.

You can enjoy a great work-life balance and even set up your business here. The general expenses or transportation costs are meager in this town.

4. Kitchener, Ontario

Kitchener is the fourth largest area of Ontario. The town has better connectivity to Toronto, making it the best strategic location and the cheapest city in Canada.

Many people who are willing to save some money live in Kitchener and commute to Toronto because there is almost no traffic, and it is the cheapest city to live in Canada.

Toronto is a hub of job opportunities, but living in Kitchener can help in better finance management. The affordability of real estate is quite high because of its closer proximity to big cities like Toronto.

But despite the high housing prices, the cost of living in this Canadian city is moderately low. Kitchener is a great city, and you need to work for over four years for the down payment of a condo house.

5. London, Ontario

London is another one of the best Canadian cities to live in. Located just two hours drive away from Toronto, London is becoming a popular region in Ontario.

The cost of living is rising slowly as businesses are expanding their area, and because of its closer proximity to Toronto, it is a strategic and convenient location.

London has been in the insurance industry for a long time, and also there is a renowned University of Western Ontario in this town. The cost of living is moderate, but the affordability of real estate is quite high.

Even though the income slab is handsome, you need to work for four years to save for the down payment of a condo house. If your income is slightly higher, it is one of the best cities to live in with your family.

6. Edmonton, Alberta

The capital of Alberta is surprisingly the cheapest town to live in Canada and houses over eight million people.

The affordability of real estate will make you want to settle in this beautiful city. Edmonton’s job market is the least competitive, which is quite a positive aspect of the town.

Rental accommodation is dirt cheap; you don’t even need to worry about it. Just work with dedication for two years, and you can save enough for buying a house.

In case winter doesn’t bother you, then Edmonton is the town for you. The city has an urban feel, along with being inexpensive.

You can explore the beautiful Jasper and Canadian Rockies, just a few miles away from Edmonton.

7. Halifax, Nova Scotia

Halifax is located in Nova Scotia and is also the thirteenth largest urban area in Canada. The town is the economic center of eastern Canada and also a maritime location.

The cost of living in Canada is moderate, but if you live in Halifax, you can survive a month at the expense of a thousand dollars.

Being a maritime center, there are several job opportunities here. Apart from maritime, there are diverse sectors like finance, media, aerospace, and healthcare, which help offer a better career to individuals.

Halifax’s average salary is quite satisfactory, making it the cheapest town to live in Canada. You can save for the down payment on your house in less than two years.

8. Regina, Saskatchewan

Regina is the eighteenth largest city in Canada. The town has similar features to that of Edmonton, which is the capital city in Ontario.

When people get tired of living in an expensive city, they move out to Regina in Saskatchewan. This urban area has mixed country and city vibes.

The cost of living is quite similar to the smaller cities. You can have a great work-life balance here, as there are job opportunities in diverse sectors.

The cost of real estate is quite low, as you can easily buy a spacious house within a few years of working. Being closer to the capital cities makes it a convenient location as well.

9. Winnipeg, Manitoba

Winnipeg is another cheapest town to live in Canada. Winnipeg has a strategic location and is best for those working professionals who want to save their income for fulfilling future goals.

The town is located between Toronto and Calgary; both cities are a hub of job opportunities and better infrastructure facilities.

You can find the best of both worlds in this town. The cost of living is higher than in Calgary but lower than in Edmonton and it is similar to the cheapest town to live in Canada.

It is the best location for living with families as real estate is moderately priced, and the average income of the town is higher than in other smaller cities.

10. St. Catharine’s, Ontario

St. Catherine’s is one of the best and cheapest towns to live in Canada. The city is located in the Niagara region, making it an even more exciting place. You need to drive for 20 minutes to enjoy the breathtaking views of Niagara.

The cost of living in this town of Canada is quite low, and a single person can survive a month within a thousand dollars of expenses along with rental accommodation.

The town is known as Garden City as you can find over a thousand acres of area which offers great garden facilities. ]

The presence of so many parks makes it one of the best areas to live with family, and the cost of living makes it the cheapest town to live in Canada.

11. Moncton, New Brunswick

Moncton is the largest city in New Brunswick and the cheapest town in Canada. It is the most affordable place to move in to raise a family.

The cost of living is surprisingly low, as a single person can live in spacious rental accommodation at the expense of eight hundred dollars!

Apart from being the cheapest town in Canada, the region welcomes international students to pursue higher education. Being a welcoming place, you can witness a diverse culture through restaurants and cafes.

Final Words

These are a few of the best and cheapest towns to live in Canada. These small towns have a high employment rate, which is amusing. Some towns have better strategic locations, while some have better tourist spots like Thunder Bay.

The decision about which town to choose from the list of cheapest towns to live in Canada should be based on individual goals and preferences.

However, despite some differences, the cost of living is low, and the work-life balance is great, which is the best factor for Canadian cities.

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Last Updated on July 31, 2024 by Sathi Chakraborty