All those who live in Canada know that it is not an inexpensive place to be in. While the pays usually match the living, sometimes it is hard to save up. If you are thinking of moving to a new province or city in search of lower rents and better affordability, do know that you are not alone in this.
Many people are relocating from urban cities like Toronto and Vancouver to other cities that will help them plan their finances better while still maintaining their comfortable lifestyles.
The very first aspect almost everyone looks for is house rent. After all, that alone carves a large chunk out of that weekly/monthly paycheck. Once that’s taken care of, the remainder can be managed to meet one’s requirements accordingly.
Cities with Affordable Rent
There are many cities in Canada that help you to live a great life without burning a huge hole in your pocket in the way of house rent. Here is a look at some cities with affordable rents.
The very first on the list is Montreal, Quebec.
The median rent price of a one-bedroom property is around CAD $1400, and the year-over-year increase is 0.7 percent. While it cannot be called cheap, it is definitely far more affordable than Toronto or Vancouver.
Not just that, this city is an amazing place to live with its European city feel. It has a subsidized daycare system for kids, which helps you save mega bucks, along with being home to some awesome spots like Old Montreal and Notre Dame Basilica.
The next in line is London, Ontario. The median rent price of a one-bedroom property is around CAD $1390, and the year-over-year increase is 13 percent.
It is a wow city to work remotely from. Also, it is close to Toronto, which helps you be near enough to enjoy its big-city vibe while far away from the crowding and craziness.
The third city is Calgary, Alberta. The median rent price of a one-bedroom property is around CAD $1230, and the year-over-year increase is 12 percent. This major western Canada hub is considered one of the best places to work remotely from. It offers all the advantages of big-city life, albeit without the humongous rents. It is a seriously gorgeous city with spectacularly scenic vistas, which makes it a favorite of those who love the great outdoors.
Not just that, you will find the headquarters of many big companies here. This means there is a thriving tech life here. To convince you further, it has been ranked among the top 5 most liveable cities in the world for ten consecutive years!
The second-last name on the list is that of Windsor, Ontario. The median rent price of a one-bedroom property is around CAD $1210, and the year-over-year increase is 15 percent. One of the most diverse cities in Canada, with around 30 percent of the population having been born outside of Canada, this city is counted among the best cities to buy a home in. Its gorgeous waterfront views and closeness to the USA make this a sure draw for many people wanting to relocate.
And last but not least is ‘Chicago of the North’, aka Winnipeg, Manitoba. The median rent price of a one-bedroom property is around CAD $1060, and the year-over-year increase is 2 percent. ‘The Peg’, as it is affectionately called, has one of the most affordable housing markets in Canada, and it offers robust economic diversity in sectors like tourism, agriculture, manufacturing, and more.
