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The 6 Cheapest Places To Live in Canada

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Not only does Canada has some of the safest cities in the world, but it also has excellent and cheap places to live. Based on the quality of life, real estate market prices, MLS listing in Canada, and access to essential facilities, the six cheapest places to live in the country are as follows:

#1. Corner Brook

Situated on the west coast of Newfoundland island, Corner Brook is great for those looking to move to a city with an incredible landscape. If you love waking up and seeing the view of the ocean every morning, then Corner Brook is the perfect place to be. Regarding the real estate market, you can find a house for as low as $108,000, while the average price of renting an apartment is about $720 monthly.

#2. Trenton, Nova Scotia

Trenton is on the east side of the East River of Pictou, Pictou County. You’d be surprised to hear that Trenton is one of the cheapest cities to live in Canada. Here, the average home price is around $124,586, which is 81% lower than the Canadian average. In addition, the average rent for an apartment in Trenton is $664 per month. That leads to Trenton having one of the most affordable housing prices in the country.

#3.Thetford Mines, Quebec

The city is situated in the Appalaches Regional County Municipality and is one of the favorite destinations for those who love to ski. During summer, residents and visitors can go kayaking or swimming in the various rivers and lakes that Thetford Mines offers. The average home price is $140,000, while you can rent a 3-bedroom apartment for as low as $517.

#4. Edmundston, New Brunswick

Edmundston is rich in history and culture; thus, you won’t be disappointed by the various activities you can do in the city. Moreover, Edmundston is one of the most Francophone towns in the country, where more than 90% of the city’s population speaks French as their first language. If you are interested in buying a house in the area, you should know that the average home price in Edmundson is around $150,600. The average cost of rent for an apartment is about $546 per month.

#5. Weyburn, Saskatchewan

Weyburn is known as the best place to live in the prairies, as you will get to spend time outdoors and enjoy the Nickle Lake Regional Park. You can buy a home in Weyburn for $169,900 and rent an apartment for as low as $500 per month.

#6. Summerside, Prince Edward Island

Summerside is the island’s second-largest city, offering excellent recreational activities and amenities. If you are looking to buy a house in Summerside, then you may be able to find a great deal for around $220,000. As for renting an apartment, the average price is about $650 per month.

Bottom Line

With home prices constantly rising all around Canada, you may want to look for different ways to maximize your money. Canada offers extraordinary job opportunities and is home to various mountains, lakes, and natural parks, so you should be able to find a cheap place to live. The Canadian government has initiated The First Time Home Buyer Incentive for home buyers to afford the down payment on their first home. Thus, if you want to buy a cheap home in Canada, you can always choose from the six cities mentioned above.

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About the author

Saman Iqbal

Saman is a law student. She enjoys writing about tech, politics and the world in general. She's an avid reader and writes fictional prose in her free time.







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