Cheapest Place to Live in Canada in 2022
If you are new to a place and want to make it your home, then one of the best places to consider living is the cheapest place to live in Canada. In this article, we will cover a few options for newcomers, including Regina, Trois-Rivieres, Burlington, and Cornwall. We’ll also cover some resources for traveling within the country. In addition to the places listed in this article, there are many others that offer great value for money.
Regina
The city of Regina is the cheapest place to live in Canada, thanks to its low real estate prices and diverse population. Although the city has a history that stretches back over 150 years, it still maintains a small-town feel. The majority of residents didn’t grow up in the city, but they are proud to stay true to their roots. Many residents enjoy spending time in local pubs and at home, soaking up the city’s warm summers. Of course, this city also has a large energy and mining industry that generates an estimated $6 billion in annual revenue.
The city is located in the province of Saskatchewan and is Canada’s second-largest city. It is a great place to live for students or families that value history and culture. You’ll have a variety of shopping malls and recreation centers to explore. If you’re traveling by car, you can reach the city within 20 minutes. Whether you’re driving or taking public transportation, you’ll have no problem getting around Regina.
Despite its cold climate, Regina is one of the cheapest places to live in Canada. Its median house price is $271,000 (PS190,346), which is about $40,000 less than the average house price in Saskatoon. It’s a growing city, with many new jobs being created year after year. There are also plenty of cultural centers and recreational opportunities to keep you busy.
Trois-Rivieres
While Quebec’s high sales tax is one of the biggest drawbacks for people looking to relocate to the country, its low housing costs make the province an attractive option for those on a budget. In fact, Trois-Rivieres is the cheapest place to live in Canada in 2022, according to the latest WalletHub ranking. Housing costs are also considerably lower here, at PS89,660, for example than the national average.
The city is located midway between Montreal and Quebec City, and it’s less than two hours from either. With this strategic location, residents benefit from easy access to global markets. One thing to consider when choosing a place to live in Trois-Rivieres is the language barrier. Although English is widely spoken, Quebecers tend to speak French more than other languages. This may pose a problem for those who do not speak French well.
A medium-sized city in Ontario, Kingston is located between Ottawa and Toronto. While the housing market was once a bargain, it has skyrocketed since then. A one-bedroom apartment in Kingston, Ontario, costs roughly $700 per month. This city is home to the Royal Military College of Canada, Queen’s University, and St. Lawrence College. It is also home to a number of manufacturing and research and development companies and has a relatively low unemployment rate of 6.2%. The median income in the city is $69164.
Burlington
Maclean’s has analyzed the affordability of 415 communities across Canada, based on factors such as wealth and economy, crime, weather, health care, and amenities. Burlington ranked as the cheapest place to live in Canada in 2022, beating out Toronto and other major Canadian cities. Those looking for affordable housing in Burlington should consider the fact that the average rent in Burlington is $1,890 per month.
The city of Burlington, Ontario is near Toronto and is located at the southern tip of Lake Ontario. The quality of life in Burlington is unparalleled, with residents enjoying easy access to the Niagara Escarpment, a UNESCO World Biosphere Reserve. Residents can also take advantage of the Waterfront Trail, a network of walking trails that skirt the northern shore of Lake Ontario.
With a low unemployment rate, Burlington is the most affordable place to live in Canada in 2022. In addition, residents will enjoy access to a large number of cultural and recreational opportunities. It is also within a two-hour drive of Toronto. The city is also known for its beauty and safety, with several parks and green recreational spaces. There’s always something going on in Burlington.
Home prices have soared in the Halton Region, located west of the GTA. In March 2022, the benchmark home price in this area will be $1,515,730. This is only the second cheapest place in the GTA. It’s not cheap, but it’s affordable compared to other big cities in the country. It’s a great place for anyone who wants to live in a livable place.
Cornwall
If you want to buy a home in the next few years but don’t want to spend too much, Cornwall, Ontario, is a great place to start. The average home price in Cornwall is around $236,000 and taxes are low. Despite the low average home price, Cornwall has one of the lowest property tax rates in Canada. Despite its small population, Cornwall is one of the best places to live in Canada.
The high pension age in Cornwall is likely to contribute to its popularity as a retirement location. Currently, 22.9% of residents are over the pension age compared to just 20.3% in the rest of the United Kingdom. The rural landscape and the outward migration of younger residents may also contribute to this trend. For now, however, Cornwall is the cheapest place to live in Canada in 2022.
The region is surrounded by fertile farmland and deep wooded valleys. The Devonian sandstone rocks underlie the uplands. The Carboniferous rocks lie in the northeast. The county is home to the only city, Truro. There are two universities in Cornwall: one in Truro and one in Falmouth. The capital is called Truro.
Halifax
According to a recent affordability index, Halifax is the most affordable place in Canada for young people. The affordability index compared the average cost of living in 27 cities with the average monthly income. A young person living in Halifax will run a deficit of $750 a month. That is almost half of Grattan’s monthly income. Despite the low price, Halifax is not without its disadvantages.
The average cost of living in Halifax is six percent less than the national average, making it the cheapest place in Canada for many people. The city is also relatively affordable, with the average monthly rent of $1,620 in the city center and $1,230 outside it. Halifax’s cheapest neighborhoods are in the east and south of the capital. In terms of housing prices, Halifax is the cheapest place to live in Canada in 2022.
The benchmark price for a home in Halifax in February 2022 was $459,200, a 47% decrease from the national average. This price is also surprisingly low compared to many other Ontario cities. Halifax also offers unique amenities and a robust job market. The Halifax area was ranked the cheapest place to live in Canada in 2022 because of its affordability and attractive housing market.
Weyburn
The average yearly income in Weyburn is more than $126,000, and the median home value is $302,000. The unemployment rate is 5.5 percent. Overall, Weyburn has a low cost of living and many benefits. It’s also an attractive place to work. Read on to learn more. This article discusses some of the advantages of living in Weyburn, Alberta.
Weyburn is a small prairie town located about 110 km south of Regina, Saskatchewan, and 70 km north of the United States. Its population is around 11,000, and the city was home to the Souris Valley Mental Health Hospital, the largest building in the British Commonwealth in the 1950s. The economy is based on grain and oil, and primary real estate in Weyburn costs $301,846.
Weyburn is one of the fastest-growing cities in Canada and is one of the cheapest places to live in 2022. With an average income of $126,439, and a property tax rate of 2%, it’s one of the cheapest places to live in Canada. MoneySense magazine ranked Weyburn as the cheapest place to live in Canada in 2022, outranking Saskatoon and Regina. Weyburn has a low crime rate and is surrounded by farmland and has modern infrastructure.
As a Canadian resident, you have access to better healthcare services, transport services, and education facilities. On top of all that, the average household income in this city is CAD83,053, which is 9% higher than the national average. In addition to affordability, the city is also home to a diverse population, a better education system, and better healthcare services. All of this makes Weyburn the cheapest place to live in Canada in 2022.
