Most Affordable Cities in Canada

Affordable cities offer a more budget-friendly way of living than other urban areas. This encompasses reduced housing expenses, more cost-effective transportation, and reasonable living conditions. These cities also feature lower taxes and minimal additional costs, making it easier for residents to save money. Numerous people opt for life in such cities for financial reasons.

There are several benefits to living in the cheapest cities in Canada. You can reduce your living costs. These affordable cities usually possess a more relaxed pace of life, offering a refreshing change for those eager to flee the hectic atmosphere of larger metropolises. Since you don’t have to worry about financial stress, these cities provide a superior quality of life and ample time for leisure pursuits.

The most affordable cities should offer various services, such as public transit, healthcare institutions, and reasonably-priced housing. In addition, they should boast a solid job market featuring diverse career opportunities. A budget-friendly city delivers an outstanding quality of life at an affordable price, making it a tempting option for those looking to save money.

Let’s explore the most affordable cities in Canada.

Cheapest cities live in Canada

According to real estate case studies, Elliot Lake is the cheapest place to live in Canada. It offers a median home price of $152,000. Temiskaming Shores and Saint-Georges are among the most affordable cities in Canada. Other cheap cities include Rouyn-Noranda, Dolbeau-Mistassini, and Mont-Joli. As you may have noticed, many of the most affordable cities in Canada are situated in Quebec.

Here are the most affordable cities in Canada based on median home price:

What contributes to the most affordable city?

We’ll judge the most affordable cities in Canada based on these four criteria:

Cost of Living

The cost of living refers to affordable housing, cheap transportation, and low food prices. They allow individuals and families to save money, grow their savings and reach their financial objectives. A reasonable cost of living opens the city to a broader demographic, encompassing young professionals, retirees, and families.

Job Market

A robust job market ensures financial stability and career growth. Cities featuring diverse industries and employment options attract a skilled workforce and encourage economic expansion. In addition, a strong job market helps maintain housing prices by providing residents with the means to afford accommodation and other life expenses.

Transportation

Cheap transportation allows citizens to travel around the city easily. They open doors to employment prospects, cultural experiences, and leisure pursuits. Cities with well-developed public transit systems – buses, trains, and subways – help residents cut transportation expenses while easing traffic bottlenecks and curbing pollution.

Dining

Budget-friendly dining options are essential. Affordable cities feature diverse culinary choices, including local dishes, global cuisine, and vegetarian and vegan alternatives. Residents can save money on food costs while enjoying delicious meals.

List of most affordable cities in Canada

1. Elliot Lake
2. Temiskaming Shores
3. Saint-Georges
4. Rouyn-Noranda
5. Dolbeau-Mistassini
6. Mont-Joli
7. Amos
8. Sept-Îles
9. Val-d’Or
10. Pembroke
11. Port Alberni
12. Brockville
13. Quesnel
14. Sarnia
15. Moose Jaw
16. Timmins

Elliot Lake

$152,000 median home price

A small quaint town with 10,000 residents, Elliot Lake is the most livable city in Canada. Once a thriving uranium mining hub, this picturesque locale has gracefully evolved into a haven for retirees and tourists alike. The allure of outdoor adventures draws these residents. Perched on the edge of the stunning Elliot Lake, visitors and locals enjoy water-based pastimes such as boating and fishing.

Nature enthusiasts also explore the surrounding landscape with hiking trails, parks, and conservation areas. Elliot Lake’s most appealing feature is its affordability. Living costs in this Canadian city are less than their urban counterparts.

In particular, real estate prices are remarkably reasonable, with diverse housing options available at a fraction of the cost of larger metropolises. This budget-friendly attribute enables its inhabitants to experience an exceptional quality of life without financial strain. In addition, the close-knit community makes Elliot Lake an ideal sanctuary for individuals seeking refuge from big-city living.

Temiskaming Shores

$163,000 median home price

Home to approximately 9,000 residents, Temiskaming Shores graces Lake Temiskaming. This pristine body of water also serves as the boundary between Ontario and Quebec.

This delightful locale is a favoured destination for travellers and adventure-seekers alike, enticed by an abundance of exhilarating recreational pursuits. From serene boat rides and superb fishing locales to scenic hiking trails and thrilling snowmobile adventures, there’s something for everyone in this enchanting city.

Temiskaming Shores offers an idyllic lifestyle without breaking the bank. Prospective residents will be delighted by the diverse housing options available – from cozy apartments to spacious family abodes – all priced significantly lower than those in larger urban areas.

Saint-Georges

$165,000 median home price

Saint-Georges, a quaint city tucked away within Quebec’s picturesque landscape, has a population of nearly 33,000 individuals. Its history traces back to the 19th century, capturing hearts with its delightful downtown scenery adorned with charming shops and cozy cafes. Furthermore, the city displays its natural beauty through its numerous parks and breathtaking areas.

What sets Saint-Georges apart is its genuine sense of community; a lively events calendar filled with fun festivals and happenings unites residents all year round. Housing options are diverse, ranging from snug apartments to roomy family homes – all attractively priced compared to the larger city life. With the cost of living lower than numerous other Canadian metropolises, those seeking to maintain their standard of living will find solace in this quaint town.

Rouyn-Noranda

$166,000 median home price

Rouyn-Noranda stands proudly on Canadian soil with its rich mining legacy and bountiful natural resources, including gold and copper. Graced by scenic Lake Osisko nearby, the city enchants residents with breathtaking views and entertaining recreational activities.

Housing prices in this charming locale are more modest than in many other areas of Quebec. Renters and prospective homeowners alike can find reasonably priced options in Rouyn-Noranda. In addition, the city offers an exemplary quality of life, encompassing top-notch schools, healthcare facilities, and recreational arenas – all at prices significantly below those found in larger cities.

Dolbeau-Mistassini

$172,500 median home price

Tucked away in the picturesque Lac-Saint-Jean region of Quebec lies the quaint town of Dolbeau-Mistassini. Relying on forestry, agriculture, and tourism as its economic backbone, Dolbeau-Mistassini thrives as a charming Canadian town. Compared to larger Canadian cities, living costs are significantly more budget-friendly, drawing people who desire a reasonably priced lifestyle.

Housing is exceptionally affordable, with diverse options catering to various financial needs. Complemented by shopping centres, eateries, and recreational facilities, this town offers convenience and comfort to its residents. Dolbeau-Mistassini is an ideal destination for outdoor enthusiasts, presenting plentiful opportunities for hiking, fishing, and other nature-based activities amid its breathtaking lakes and forested surroundings.

Mont-Joli

$175,000 median home price

Mont-Joli enchants visitors with its breathtaking landscape, captivating coastline, and deep-rooted cultural traditions. Nestled near the southern shore of the St. Lawrence River, this town proudly presents historical sites like the Sainte-Famille church and the elegant Château Landry—a 19th-century mansion that now hosts the town hall and library.

Mont-Joli’s allure is enhanced by its cost-friendly living standards. Offering a remarkable quality of life without breaking the bank, this town is suitable for those seeking an affordable home. Compared to larger cities like Montreal and Quebec City, Mont-Joli has lower living costs and provides diverse housing options—from cozy apartments to charming single-family homes.

Amos

$180,000 median home price

Amos is a charming city in Quebec’s Abitibi-Témiscamingue region. Established in 1914, this city’s heritage is deeply rooted in the mining industry, with forestry and mining remaining vital economic contributors. Living expenses in Amos are admirably low compared to numerous other Quebec cities, especially regarding housing.

For folks seeking the warmth and closeness of a small community without sacrificing access to stunning nature, Amos emerges as an ideal choice. Its budget-friendly nature makes it a favourable option for many who desire a comfortable lifestyle on a modest income. Plus, with a thriving economy and job market, residents enjoy ample career advancement possibilities.

Sept-Îles

$181,500 median home price

Sept-Îles emerged in the 1950s after iron ore deposits were discovered nearby. This initiated a thriving mining industry that continues to influence its economy today. Iron Ore Company of Canada and Aluminerie Alouette, a significant aluminum smelter, remain key employers in the city.

Sept-Îles offers inexpensive housing options, making it an enticing choice for those who prefer a smaller, budget-friendly community. Despite its modest size, the city provides ample amenities and services, such as a hospital, diverse shops and restaurants, and an engaging cultural ambience.

Sept-Îles is embraced by breathtaking natural landscapes—forests, lakes, and the renowned St. Lawrence River are just a stone’s throw away. Additionally, the city serves as a vital transportation network for the region due to its deep-water port for shipping ore and other merchandise.

Val-d’Or

$184,500 median home price

Val-d’Or presents a colourful mosaic of history. Tracing its roots back to the early 1900s as a thriving mining centre, this city now extends its economic reach to encompass forestry, agriculture, and tourism. Many educational possibilities are present here, including esteemed establishments such as Cégep de l’Abitibi-Témiscamingue and Université du Québec en Abitibi-Témiscamingue, which adorn the city’s horizon.

Val-d’Or is one of the most livable cities in Canada, appealing to those seeking a budget-conscious home. Its cost of living is markedly below that of numerous other bustling Canadian cities in Quebec and beyond. Despite its wallet-friendly essence, Val-d’Or upholds a high standard of living by ensuring residents enjoy abundant access to first-rate facilities and services in healthcare, leisure activities, and education.

Pembroke

$235,500 median home price

Pembroke, a delightful small city situated in the Ottawa Valley of Eastern Ontario, Canada, emanates a warm and welcoming atmosphere. Established in 1858, it brims with historical significance and breathtaking natural landscapes.

Living costs remain reasonable compared to other Ontario cities, with affordable housing options, modest property taxes, and competitive business rates. This enticing housing market lures many who seek single-family homes, townhouses or apartments accessible to first-time buyers or those desiring a smaller space. In addition to its economic appeal, Pembroke offers convenient amenities, such as shops, eateries, and recreational facilities, available to all residents without breaking the bank.

Port Alberni

$260,000 median home price

Port Alberni invites you to discover its unique blend of natural beauty and affordability. With a close-knit community of approximately 18,000 residents, this picturesque locale at the head of the Alberni Inlet exudes an air of tranquillity amidst its stunning mountain backdrops and untouched forests.

While the city’s roots lie in its prosperous logging history, Port Alberni has since evolved to embrace tourism, fishing, and aquaculture as significant contributors to its flourishing economy. A favoured haunt for travellers seeking an affordable getaway, the city presents an irresistible opportunity for individuals wishing to experience Vancouver Island’s allure without depleting their savings.

In addition to its cost-effective living standards compared to British Columbia’s larger urban centres, Port Alberni takes pride in its reasonably priced housing market – a welcoming prospect for first-time homebuyers. The city is also an ideal environment for nurturing families with its top-notch schools, robust healthcare infrastructure, and abundant recreational activities.

Brockville

$275,000 median home price

Brockville is an affordable Canadian city in eastern Ontario, Canada. Its history stretches back to the late 1700s and honours Sir Isaac Brock, a notable British general who championed his country during the War of 1812. Brockville captivates visitors with its exquisite historic architecture, scenic waterfront, and enchanting downtown district. As a sought-after tourist hotspot, it offers outdoor adventures in its picturesque surroundings.

Brockville offers diverse housing choices, from classic historical residences to sleek modern condos—all at budget-friendly prices. The affordability of goods and services creates an appealing environment for those who desire a luxurious lifestyle without draining their savings. This cost-effective aspect empowers residents to enjoy the typical amenities in larger cities at lower costs.

Quesnel

$282,000 median home price

Quesnel possesses a rich history. Initially inhabited by the Carrier First Nation people, its colourful past can be traced back to the Cariboo Gold Rush in the 1860s. Quesnel became a crucial transportation hub for miners seeking gold and flourished into a significant forestry and logging centre.

This diverse Canadian city has a lively arts scene, outdoor recreational activities, and an invaluable cultural heritage. Housing, in particular, is affordable, with various options catering to different budgets and ways of life. This economic advantage lures retirees, young families, and anyone who longs to sidestep urban living expenses.

Sarnia

$289,000 median home price

Sarnia is beautifully perched on the eastern shoreline of Lake Huron and at the mouth of the St. Clair River—a natural link between Lake Huron and Lake St. Clair. Home to about 71,000 residents, Sarnia’s petrochemical industry forms its backbone as numerous large enterprises operate within its territory.

Sarnia’s living costs fall below Canada’s average. Its housing prices are well within reach for first-time homebuyers, making this city exceptionally affordable. A vibrant arts scene is one of Sarnia’s trademarks—galleries, museums, and theatres abound for those eager to indulge in cultural experiences.

The picturesque waterfront and lush parks invite countless outdoor activities while various festivals and events keep the city buzzing year-round. Sarnia, boasting a top-notch regional airport and easy access to major highways, enables smooth travel throughout Ontario and beyond.

Moose Jaw

$290,000 median home price

Moose Jaw welcomes you with its amiably warm community, heritage-rich architecture, and picturesque surroundings by the Moose Jaw River. Home to approximately 35,000 residents, this city has a deep-rooted history; Indigenous Canadian groups established themselves here long before European explorers ventured into the region during the 19th century.

The housing market in this city offers affordability without compromising on variety, catering to individuals and families at diverse price tags. Beyond housing, necessities such as food, transportation, and leisure activities also come with reasonable price tags. There are also plenty of career opportunities available. Agriculture, manufacturing and tourism form the pillars of its flourishing economy.

Timmins

$292,000 median home price

Timmins is renowned for its flourishing mining industry and houses several prominent mining companies. Beyond mining, this alluring destination attracts those craving outdoor adventures like hunting, fishing, camping, and snowmobiling. With a close-knit community of approximately 41,000 people, Timmins offers shopping centers, parks, and recreational facilities.

In Timmins, housing expenses are substantially lower than in many major Canadian cities. This makes the city appealing to individuals and families yearning for homeownership without burning a hole in their pockets. The relatively low cost of living allows residents to indulge in a high-standard lifestyle without financial strain. Complementing its affordability, Timmins offers ample employment opportunities across diverse sectors like mining, healthcare, education, and retail.