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Cheapest Places to Live in Canada (2026)

Updated

Cheapest Cities in Canada — Overall Ranking

RankCityProvinceAvg Home PriceAvg Rent (1BR)Monthly Cost of Living (Single)
1EdmundstonNB~$150,000~$700~$1,800
2CampbelltonNB~$120,000~$650~$1,750
3Trois-RivièresQC~$250,000~$750~$1,900
4SaguenayQC~$230,000~$700~$1,850
5Thunder BayON~$280,000~$900~$2,100
6BrandonMB~$250,000~$850~$2,000
7SudburyON~$350,000~$1,000~$2,200
8Red DeerAB~$320,000~$950~$2,100
9Prince GeorgeBC~$380,000~$1,000~$2,200
10ReginaSK~$300,000~$950~$2,100

Estimates based on 2025–2026 data. Costs vary by lifestyle, household size, and neighbourhood.

Cost of Living Breakdown by City

Housing Costs

CityAvg Home PriceAvg Rent (1BR)Avg Rent (2BR)Mortgage Payment ($250K, 5%)
Edmundston, NB$150,000$700$850$1,000
Trois-Rivières, QC$250,000$750$950$1,460
Thunder Bay, ON$280,000$900$1,100$1,460
Brandon, MB$250,000$850$1,050$1,460
Regina, SK$300,000$950$1,150$1,750
Red Deer, AB$320,000$950$1,150$1,750
Toronto, ON$1,100,000+$2,200+$2,800+$5,800+
Vancouver, BC$1,200,000+$2,400+$3,200+$6,400+

Utility Costs (Monthly Average)

CityElectricityHeatingWaterInternetTotal Utilities
Edmundston, NB$120$150 (oil/electric)$50$80~$400
Trois-Rivières, QC$80$100 (hydro-electric)$40$70~$290
Thunder Bay, ON$130$150 (gas)$60$80~$420
Brandon, MB$100$170 (gas — cold winters)$50$80~$400
Regina, SK$110$180 (gas — very cold)$60$80~$430
Red Deer, AB$120$150 (gas)$50$80~$400
Toronto, ON$120$120 (gas)$60$80~$380
Vancouver, BC$70$80 (gas — mild climate)$50$80~$280

Grocery Costs (Monthly, Single Person)

CityMonthly Groceriesvs National Average
Trois-Rivières, QC~$30010% below
Brandon, MB~$3205% below
Thunder Bay, ON~$340Average
Red Deer, AB~$3305% below
Toronto, ON~$38010% above
Vancouver, BC~$40015% above
Northern communities~$500+40%+ above

Cheapest Provinces to Live In

RankProvinceAvg Home PriceProvincial Tax RateKey AdvantagesKey Disadvantages
1Quebec~$380,000Higher income tax$8.70/day childcare, cheap hydro, lowest tuitionHigher taxes, language requirements
2New Brunswick~$260,000ModerateVery cheap housing, Atlantic charmLimited job market, higher groceries
3Manitoba~$310,000ModerateAffordable housing, decent job marketVery cold winters, high car insurance
4Saskatchewan~$310,000ModerateAffordable housing, no PST on many itemsVery cold, limited amenities in smaller cities
5Nova Scotia~$370,000HigherHalifax is growing, Atlantic lifestyleHigher taxes, housing rising quickly
6Alberta~$420,000No PSTNo provincial sales tax, lower income taxVolatile economy (oil-dependent)
7Ontario~$800,000+ModerateStrongest job marketVery expensive in GTA/Ottawa
8BC~$900,000+ModerateMild climate, lifestyleExtremely expensive in Vancouver

Tax Impact on Cost of Living

ProvinceProvincial Income Tax (on $60K)Sales TaxProperty Tax Rate (Avg)Effective Tax Burden
Alberta~$4,2005% GST only~0.70%Lowest overall
Ontario~$4,10013% HST~1.10%Moderate
Quebec~$6,50014.975% (GST+QST)~0.90%Highest income tax, but rebates offset
BC~$3,30012% (GST+PST)~0.50%Low income tax, but high housing
New Brunswick~$5,20015% HST~1.30%Higher HST, cheap housing offsets
Manitoba~$5,00012% (GST+PST)~1.60%Higher property tax
Saskatchewan~$4,80011% (GST+PST)~1.10%Moderate
Nova Scotia~$5,50015% HST~1.00%Higher taxes

Quality of Life Considerations

CityJob MarketHealthcare WaitTransitClimateAmenities
Edmundston, NBLimitedModerateMinimalCold, 4 seasonsSmall-town charm
Trois-Rivières, QCModerateLong (QC average)BasicCold wintersUniversity town, bilingual
Thunder Bay, ONLimitedLong (Northern ON)BasicVery coldOutdoor recreation, lakefront
Brandon, MBModerateModerateMinimalVery coldAgricultural hub
Regina, SKModerateModerateBasicVery cold, dryGovernment jobs, CFL
Red Deer, ABModerateModerateMinimalCold, chinooksBetween Calgary/Edmonton
Sudbury, ONModerateModerateBasicColdMining, university town
Prince George, BCModerateLongBasicCold (inland BC)Outdoor recreation

Remote Work Opportunities

Remote work has made cheap cities far more viable. Here’s how it changes the math:

ScenarioToronto SalarySame Salary in Thunder BaySavings
Gross income$80,000$80,000$0
Housing (mortgage/rent)$2,500/month$1,000/month$18,000/year
Groceries$380/month$340/month$480/year
Commuting$200/month$0 (remote)$2,400/year
Childcare$1,500/month$800/month$8,400/year
Total savings~$29,000/year

Moving Checklist — Relocating to a Cheaper City

StepAction
1Research job market (or confirm remote work arrangement)
2Visit the city — spend at least a week before committing
3Compare full cost of living (housing, taxes, utilities, groceries, childcare)
4Check healthcare access (family doctor availability, hospital proximity)
5Research schools if you have children
6Get a mortgage pre-approval for the new location
7Factor in moving costs ($2,000–$10,000 depending on distance)
8Consider tax implications of changing provinces
9Update health card, driver’s licence, and vehicle registration
10Redirect mail and update your address with CRA, banks, and subscriptions