Top 10 Cheapest Place To Live in Canada (2023)

When finding the cheapest places to live in Canada, the best place for everyone to settle is where we are financially and socially secure. Plus, live comfortably on the retirement fund.

Below we’ve found the most affordable cities in the country. The top 10 cheapest living places are based on average rent, income, annual housing costs, and population.

Sherbrooke, QC

If you are looking to immigrate to Canada, the cheapest place to live is Sherbrooke. Located in southern Quebec, the city’s utilities are less expensive than other cities such as Toronto and Montreal.

There are more than 200 parks and green spaces. The city is home to several bike paths and trails. You can spend your time as you like to pass. There is also a national park, theatre, and museum of murals. You can enjoy splendid bars, restaurants, and food stores that are all affordable.

Thetford Mines, QC

Thetford Mines is believed to be the cheapest city in Canada. The city is small but famous for exporting goods all over the world. Thetford Mines is a labour market with no shortage of great jobs.

This city of Québec is one of the top producers of maple syrup. If you love snowmobiling and skiing, it snows a lot in winter. The city has rivers and lakes where you can enjoy boating. During the summer season, residents look forward to outdoor concerts.

St. John’s, NL

St. John’s is an affordable place to live if you want to settle in an antic city. It is one of the oldest cities in North America, and in 1901 Guglielmo Marconi received the first message via transatlantic wireless.

This city’s primary source of income depends on the oil and gas industry. Signal Hill is one of the most beautiful attractions here. The humid weather can bother you, although it rains and fogs throughout the year. St. John’s in Newfoundland and Labrador is one of the cheapest places to live, but it’s also home to the wealthiest Canadians.

New Brunswick

New Brunswick, Canada, is the cheapest place for families with children. Here your children are provided with the world-class education that they need. This city is small but has all the facilities of big cities.

The most popular attraction of New Brunswick is whale-watching adventures. You can see more rural life everywhere. Still, there is plenty of career growth jobs as it is home to many big companies. Enjoy craggy coastlines, great rivers, and lush forests. In this city, you never get bored and live a quality life.

Lethbridge, AB

Lethbridge is an affordable city known for its many job opportunities. This city in Southern Alberta is where you can live a comfortable life even with your pension. If you are a parent, here is a comprehensive and robust education system for every child of yours.

Education, health care, hospitality, retail, and agriculture industries are options for your career development. In Lethbridge, 16% of the city is parkland with restaurants, parks, golf courses, shopping malls, and green parks. In addition, the world-famous attraction of the city is the Rocky Mountain range.

Hamilton, ON

Hamilton is the cheapest place for those who need help to afford the high living cost in Toronto. This city is just 70 km away from there. By staying in Hamilton, you can enjoy all the expensive things of Toronto for cheap.

Niagara Falls is very close to this city and easy to reach. The downside of Hamilton is its hot and humid weather. You may stay here for cheaper, but you have to pay higher air conditioning bills in summer.

Abbotsford, BC

Abbotsford, British Columbia, is a beautiful city that offers its residents an excellent quality of life. It is a big city but also one of Canada’s cheapest places to live. The most attractive about this city is its friendly nature.

Many education options for your children suit their age and needs. Abbotsford has lush green parks for nature lovers. There are entertainment venues, restaurants and shopping malls for quality time spent.

Shawinigan, QC

Shawinigan is also one of the most affordable places to live in Canada. This city is prestigious for hosting the world’s best marathon canoe race, Classique Internationale de Canots de la Mauricie.

Shawinigan’s climate is hotter in the summer and cooler in the winter than most other cities. Although this city is cheap, there are few employment opportunities.

However, there is the Laurentide paper company and a vast hydroelectric complex, which always requires workers. Shawinigan is trying to get its city smart to improve its economy. Recently, in 2021, the government has scrap aluminum smelting plants in this city, which has increased employment and per capita income.

Nanaimo, BC

Nanaimo, located on British Columbia’s Vancouver Island, is one of Canada’s cheapest places to live. The people’s income mainly depends on government sectors, coal and forestry.

You can go hiking, kayaking, biking or fishing here to enjoy. Nanaimo is known for its peaceful living away from the city’s noise. The weather here is the most temperate and delightful climate. The average temperature in winter is 8 degrees; even if there is snow, it melts quickly. May to September is summer with a maximum temperature of 28°C. It rains from October to April.

Charlottetown, PEI

Charlottetown is one of the lowest cost-of-living cities in Canada. What makes this place the cheapest is the low bills and cheap products. Even the ordinary local farmer lives comfortably on minimum wages in this small town.

The primary income comes from the agricultural industry and the fishing sector. Because Charlottetown is the capital of Prince Edward Island, making it the safest city. Charlottetown is one of the best places for families to live and raise children.

The most popular job options are healthcare, social services, government roles, and the educational sector. This city imports goods during the winter, yet it is the cheapest city to live in.

Helping Canadians who need extra cash for living…

Finding cheap places to live might be a challenging task for many Canadians. However, if you want cash to cover daily utility bills or other expenses, you may apply for no refusal payday loans from Whizz and get cash help. You can borrow up to $1,500 once your loan is approved.