While there are people who want to live in most luxurious areas and homes, most of the population wants a place where they can easily afford to live while enjoying the basic luxuries of life. When we talk about the most affordable places to live, we can’t take into account to low rates of houses or low rents but we also have to keep in mind the employment condition or state of that place as well. If you manage to find a place where the rents are low but there are not enough jobs, so you won’t be able to afford that low rent as well. So keeping in mind these factors, let’s look at the most affordable places to live in Canada.
Kingston has a good history of being named as the best city to retire to in Canada, which gives you an idea it offers a great quality of life while not coming with an expensive price tag. In Kingston, the median house price is about $300,000.
With a jobless rate of only 5.2% last year and an average house price of almost $317,000, Regina is considered as one of the most affordable places to live in Canada. There was an increase of almost 2% in new jobs created in Regina last year
Hamilton is located in the province of Ontario and has a population of over 500,000. Hamilton is known for its low cost of living and it’s almost 40% cheaper that New York City. There are plenty of business and jobs opportunities which makes it very easy for us to include in our list of most affordable places to live in Canada.
Quebec City is also considered as one of the most affordable places to live in Canada because of its 4.3% jobless rate and an average house price of only $245,000. Quebec City also haven’t seen an increase in the house prices over the last couple years.
While we see a 6.1% unemployment rate, which is more than the places we have mentioned before, Halifax still makes our list of one of the most affordable places to live in Canada because of its average house price of $306,240 and a continuous addition of jobs in the previous years.