Sick of sky-high housing prices? Annoyed with the job market being stuck in a slump?
Do you just wish you had more money?
Look no further! Here at TheLoop, we went on a mission to figure out which Canadian city is the cheapest to live in. To do this, we compared the average price of a house alongside the average person’s salary and the strength of the local job market. That way, you can find a city that not only allows you to live above your means, but sustain it too. Here is what we found:
If cheap is what you’re looking for, you might want to start your search in the Prairies. The region looks really competitive compared to the rest of the country, at least strictly in terms of house prices. Ranging from $271,551 in Winnipeg to $355,336 in Edmonton, only Thunder Bay, Eastern Quebec and Atlantic Canada have cheaper homes (although Calgary is a bit of a regional outlier with a higher average house price of $455,280). Couple these inexpensive houses with some of the least competitive job markets in the country and the Prairies are riding high!
Meanwhile in western and central Canada, those hot properties start to cool off. While there are lots of jobs in Vancouver and Toronto, the average house prices (respectively $785,189 and $547,786) are positively cringe-inducing.
Over in Eastern Ontario and Quebec, we see relatively consistent housing prices ($250,000-$350,000) and job opportunities. Saint John has the lowest average house price in Canada (of the cities we have data for) at $169,978 — but you might want to think twice about moving there as the job market is amongst the worst in the country. Halifax, however, seems fabulous with affordable housing ($265,282 average house price) and also a red hot job market.
So fabulous, in fact, that we think Halifax is worthy of the ‘least expensive city in Canada’ title.
Sure is nice to have a break from the usual heralding of Toronto, Vancouver, Calgary and Montreal!