Cheapest Places to Live in Canada: Top 9 Cities in 2022

Living in Canada can be expensive, but what are some of the cheapest places to live in Canada? If you’re looking to move to Canada, or are just curious about where you could possibly move to save money, then keep reading.

While most Canadians look to Vancouver, Toronto, and Montreal when they think of cheap places to live, there are other places to consider.

We’ve compiled a list of the top 10 cheapest places to live in Canada, and we’ll show you how to find them!

The Cheapest Cities to Live in Canada

What are the cheapest cities in Canada? Using cost of living data provided by Salary Expert, we compared the cost of living in all Canadian cities with populations of over 100,000, as well as the capital and largest city in each province and territory.

The most expensive cities are the largest, as well as those in the Prairie and northern provinces. If you want to find a less expensive Canadian city to put down roots in, look to smaller cities, especially in Quebec and Ontario.

Since the start of the COVID pandemic, housing prices have risen considerably. However, you can still find affordable housing in Canada, whether you want to rent or buy a property.

It is more expensive to live near the west coast and the prairie provinces. The cheapest options are usually in Quebec and Ontario, but there are options in other parts of Canada as well.

Keep in mind that “cheap” is also relative. The cost of living may be more than the average income of a province.

For example, even if it is more expensive to live in Alberta, the salary will probably be higher than in other provinces for the same job.

While Saskatchewan’s minimum wage is $11.81, Alberta’s is $15.00. With that in mind, take a look at the following list of the 40 cheapest places to live in Canada.

Surrey, British Columbia

Surrey is a suburb with the second largest population in the province, but one of the most convenient places to live. Surrey’s economy is very dynamic. Agriculture, health care, and technology are the main drivers of the city’s economic prosperity.

Surrey is also home to two major post-secondary educational institutions. Both Kwantlen Polytechnic University and Simon Fraser University are located in Surrey.

Surrey hosts numerous events and attractions each year that are sure to keep you busy. WinterFest, a day of live music, sports, food, and fireworks, attracts about 15,000 people each February.

Cheapest one-bedroom rental: $650

Cheapest house we found: $129,000

Average salary: $73,006

Alma

Alma is located approximately 175 kilometers north of Quebec City. In 1962, four villages joined together to form Alma. Today, there are nearly 40,000 inhabitants. 98.5% of the inhabitants speak French as their first language as well. The cost of living in Alma is 13% lower than the provincial average.

Alma is an important industrial center. The 1920’s and 1930’s saw the construction of the Price paper mill, a hydroelectric plant and the Alcan aluminum smelter. All of these companies are still active and contribute to the economic stability of the region.

The cheapest one-bedroom rental we found: $615.

The cheapest house we found: $159,000.

Average salary: $63,214

Trois-Rivières

Trois-Rivieres is located in Quebec, Canada. It’s a city that offers a wide variety of activities and attractions.

It’s home to the famous Château Frontenac Hotel, which is a UNESCO World Heritage Site. And if you’re into nature, you’ll enjoy visiting the Parc de la Gaspésie National Park, which is a natural reserve that features beaches, lakes, rivers, forests, mountains, and wildlife.

You can also visit the St Lawrence River, which runs through the city. It’s a popular tourist destination for boating and fishing.

And if you’re interested in shopping, you’ll love browsing the boutiques along Rue Saint-Paul Street.

Trois-rivière is a great city to call home. But what makes it so special? Here are some reasons why you should consider living in Trois-Riviere.

Another reason why Trois-Riviera is a good choice for Canadians is its educational opportunities.

There are several universities in the area, including Université du Québec en Outaouais, Université Laval, and University of Ottawa.

Monthly Expenses for a Single Person: $670 (excluding rent).

The average monthly cost of a one-bedroom apartment in City Centre is $560.

A meal for two people costs about $75 on average.

Regina, Saskatchewan

Regina is the capital city of Saskatchewan, Meaning “queen” in Latin. It is named after Queen Victoria, who was the British monarch at the time. It used to be called “Pile O’ Bones” because many hunters hunted in the area and left bones. Regina’s economy is based on natural gas and potash. Agriculture is another important part of life in and around Regina.

At over 215,000, Regina is a large metropolis that has a lot to offer and, at the same time, is one of the least expensive places to live. The University of Regina offers more than 200 academic programs. It is known for its experiential learning and research.

In addition to the University of Regina, the city is also home to the First Nations University of Canada, which offers First Nations-focused academic programs such as Aboriginal Business and Public Administration, Aboriginal Education, and Aboriginal Health, as well as many other programs.

Regina is a vibrant city with many attractions, such as the Royal Canadian Mounted Police training center and museum. Being a large city, it also has a stadium for sporting events and concerts. Regina is home to a Canadian Football League (CFL) team, the Saskatchewan Roughriders. Better wear green on game day.

The cheapest one-bedroom rental we found: $500.

We found the cheapest house for $95,000.

The average salary is $65,600.

we can assume that Regina is an affordable city.

Shawinigan, Quebec

Shawinigan is cold and snowy in winter and hot and humid in summer. It’s a great place to live if you like outdoor adventure. Every year a prestigious canoe marathon is held, the Classique International de Canots de la Mauricie, which has been held since 1934. A campfire party and performances by local musicians are also planned.

If you need to find a job when you arrive, the Laurentide Paper Company is still active in the district. Shawinigan is also home to a major hydroelectric complex near the Saint-Maurice River. The city has a population of approximately 49,000. It is just a two-hour drive from Quebec City.

Shawinigan is seeking to modernize its economy by becoming a smart city. The smart city project began in 2014 with the introduction of innovative technologies and new services to make life more convenient for the citizens of Shawinigan.

In July 2021, the Government of Quebec and the Government of Canada awarded Shawinigan a $4.99 million grant to help with a $10 million project to build a new aluminum scrap smelter. This has created more jobs in the community, and residents appreciate the fact that it is one of the least expensive places to live in Canada.

The cheapest one-bedroom rental we found: $430.

The cheapest house we found: $89,500.

The average salary is $63,214.

Edmonton, Alberta

Edmonton is the capital of Alberta and the second most populous city (with over 1,519,000 inhabitants). It is home to the sixth best university in the country, the University of Alberta (ranked 136th in the world), which is also a major employer in the region. With its rich heritage and cultural festivals, the city is known as Canada’s Festival City.

The city is home to significant oil and gas reserves, some of which are among the largest in the world.

Naturally, the city’s petrochemical industries are among its largest employers. It is also the regional financial center. Despite the many employment opportunities and the large size of its population, the city is very cheap to live in.

A single person’s average monthly expenses (excluding rent) are $961.

The average monthly cost of a one-bedroom apartment in City Centre is $1,204.

A meal for two people costs about $90 on average.

Quesnel, British Columbia

The City of Quesnel is one of the smallest cities in British Columbia, but also one of the most affordable. The city is close to nature and offers good education and job opportunities in local businesses, agriculture, and tourism.

It also has some of the lowest taxes in Canada, making it an ideal place to retire. Living in Quesnel has its advantages.

The city is located at the confluence of the Fraser and Stikine Rivers. The Stikine River provides excellent fishing and boating opportunities. There are several parks and recreation areas where you can enjoy hiking, camping, or swimming.

The city is also well known for its annual rodeo festival, the “Rodeo Days.” In addition to the rodeos, there are otherevents such as concerts, parades, and fireworks displays.

The average price of a one-bedroom condo in Quesnel is $170 per month.

The average cost of a three-course dinner for two people is $85.

The average salary in Quesnel is around $45,000.

Dieppe

Dieppe is a small town with a population of just over 25,000. Dieppe was designated as a city in 2003. Dieppe is home to Atlantic Canada’s largest single-building shopping center, Champlain Place.

Dieppe has a vibrant business community based on respect for the environment. Dieppe is a distribution center for goods and services for the Atlantic region and the northeastern United States.

The workforce is highly skilled and largely bilingual. Speaking both English and French is a great advantage if you live in this region.

The cheapest one-bedroom rental we found: $845.

The cheapest house we found: $134,900.

The average salary is $60,771.

Halifax

In Port Said, agriculture, fishing, and forestry are the main job creators. The cost of living for a single person is $1,209.69, excluding rent. This university town is an important economic center in eastern Canada as it is the capital of Nova Scotia.

There are large government services and private businesses that cater to the people who live here.

Dining out is cheap, but groceries are more expensive. Still, it is much cheaper than Toronto, according to Numbeo. Halifax is 0.83% more expensive than Toronto in terms of the cost of living, but 34.62% cheaper in terms of housing.

Population: 414,777

The average home costs $406,000.

The annual median income is $69,553.

Take away

I’m going to start by saying that I have absolutely no idea where to start. However, since I have no experience living anywhere else, I’m assuming that moving is a pretty big deal.

I’d recommend talking to people who have lived in your target area. Ask them about schools, housing, healthcare, weather, crime, etc.

Don’t just rely on a site like Expat Insider or Lonely Planet. Those sites will only give you a general overview of where you could live.

Instead, take a look at a site called Airbnb. This site allows you to connect with people who live in the area you’re looking to move to.

I suggest going on Airbnb and finding a couple of houses to stay in while you’re in the area. Then, ask the owners about their experiences living in the area. You may find that they’ve lived somewhere else before and have some great tips to offer.

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