Canada offers some of the most breathtaking landscapes, rich culture, and high quality of life in the world. However, for many people, the high cost of living in major cities like Vancouver and Toronto makes it difficult to enjoy all that Canada has to offer. Luckily, there are many cities across the country where you can live comfortably, save money, and still have access to amenities and opportunities. If you're considering a move and want to know where to find affordable living options, here are seven cities in Canada that won’t break the bank.

1. Moncton, New Brunswick

Moncton, the largest city in New Brunswick, is quickly becoming one of Canada’s most affordable cities. With its small-town charm, growing job market, and low housing costs, Moncton is a great choice for those seeking a relaxed yet connected lifestyle.

Why Moncton is Affordable:

• Home Prices: The average price of a single-family home in Moncton is $330,000.

• Utilities: Utilities (electricity, heating, cooling, water, garbage) in Moncton typically cost around $250 to $350 per month for a standard 85m² apartment.

• Transportation: The average cost for a monthly public transit pass is about $80, while the cost of gas is approximately $1.35 per liter.

• Groceries: The average cost of groceries for a single person is roughly $300 to $400 per month.

Overall, Moncton’s living costs are significantly lower than in larger cities, giving you the chance to save while enjoying a high standard of living.

2. Québec City, Québec

Québec City is famous for its historic architecture, rich culture, and French-speaking community. While it’s one of the oldest cities in North America, it remains affordable and offers a fantastic lifestyle, especially for those who love nature and history.

Why Québec City is Affordable:

• Home Prices: The average price for a single-family home in Québec City is $400,000.

• Utilities: Monthly utility costs for an average-sized apartment are between $150 to $250.

• Transportation: A public transit pass in Québec City will cost you around $90 per month. Gas prices are typically $1.45 per liter.

• Groceries: For a single person, monthly grocery expenses can range between $350 and $450.

Québec City combines affordable housing with a rich cultural lifestyle, making it an excellent option for both young professionals and retirees alike.

3. Saskatoon, Saskatchewan

Saskatoon is a vibrant, growing city with a relatively low cost of living. Known for its beautiful river valley and growing arts scene, it offers excellent opportunities in fields like agriculture, tech, and education.

Why Saskatoon is Affordable:

• Home Prices: The average price for a single-family home in Saskatoon is $380,000.

• Utilities: Monthly utilities in Saskatoon typically cost between $250 and $350 for an average apartment.

• Transportation: Public transit passes cost about $80 per month, and the price of gas is around $1.35 per liter.

• Groceries: The monthly cost of groceries for one person ranges from $300 to $400.

Saskatoon offers affordable housing and relatively low costs for other necessities, making it an attractive place for those looking to live well without spending a fortune.

4. Thunder Bay, Ontario

Thunder Bay is located on the shores of Lake Superior and provides residents with a peaceful, natural environment. The city is also known for its lower housing costs and good access to healthcare and public services.

Why Thunder Bay is Affordable:

• Home Prices: The average price of a single-family home in Thunder Bay is $325,000.

• Utilities: Expect to pay $200 to $300 per month for utilities in a standard apartment.

• Transportation: Public transit costs about $80 per month, while the price of gasoline is $1.40 per liter.

• Groceries: A typical grocery budget in Thunder Bay for one person is around $300 to $400 per month.

Thunder Bay offers a peaceful, affordable lifestyle, surrounded by stunning natural beauty. With affordable housing and lower living expenses, it’s an excellent choice for those who love the outdoors.

5. St. John’s, Newfoundland and Labrador

St. John’s, the capital of Newfoundland and Labrador, boasts rugged coastal beauty and a vibrant cultural scene. It’s a great place to live if you want a coastal lifestyle without the astronomical costs of other major cities in Canada.

Why St. John’s is Affordable:

• Home Prices: The average price of a single-family home in St. John’s is $375,000.

• Utilities: Utilities will typically cost between $250 and $350 per month for a standard apartment.

• Transportation: A public transportation pass is $80 per month. Gas prices are generally around $1.45 per liter.

• Groceries: The cost of groceries for a single person is approximately $300 to $400 per month.

St. John’s offers affordability with a unique cultural vibe and incredible natural landscapes, making it a great choice for those seeking adventure and a slower pace of life.

6. Windsor, Ontario

Windsor is a bustling city located just across the river from Detroit. Its proximity to the U.S. makes it an attractive option for people who want easy access to American culture and employment opportunities, while still enjoying Canadian prices.

Why Windsor is Affordable:

• Home Prices: The average price of a single-family home in Windsor is $430,000.

• Utilities: Monthly utilities typically range between $250 to $350.

• Transportation: A public transit pass in Windsor costs around $85 per month, and gas prices are approximately $1.40 per liter.

• Groceries: Grocery costs for one person average $350 to $450 per month.

Windsor combines affordable housing with easy access to both Canadian and American markets, offering plenty of opportunities for work, recreation, and growth.

7. Edmonton, Alberta

Edmonton, the capital of Alberta, offers a thriving arts scene, beautiful parks, and numerous outdoor activities. Known for its festival culture, it's a perfect city for those who love to explore urban life without the sky-high living costs of other major cities in Canada.

Why Edmonton is Affordable:

• Home Prices: The average price of a single-family home in Edmonton is $470,000.

• Utilities: Monthly utility costs for an average apartment range from $250 to $350.

• Transportation: Public transit passes cost $100 per month, and the price of gas is $1.40 per liter.

• Groceries: Grocery costs for one person typically range from $350 to $450 per month.

Edmonton offers a balanced lifestyle, with affordable living costs, strong job opportunities, and a vibrant cultural scene, making it an ideal city for both families and young professionals.

Why Affordable Cities Matter

Choosing the right city to live in can make all the difference when it comes to your financial well-being. By moving to a more affordable city, you can save money, reduce stress, and still enjoy all the benefits of living in a vibrant, welcoming community. Whether it’s owning a home in Moncton for under $330,000 or enjoying low utility bills in Thunder Bay, these affordable cities give you the opportunity to build wealth while enjoying life.

Most Affordable Cities to Live in Canada

Canada has so much to offer, from its beautiful landscapes to its thriving urban centers. However, for those who want to enjoy a more affordable lifestyle, cities like Moncton, Québec City, Saskatoon, Thunder Bay, St. John’s, Windsor, and Edmonton stand out. With affordable home prices and lower living costs, you can live comfortably while still having the freedom to save, invest, and enjoy life.

By choosing one of these cities, you’ll not only find affordable housing but also benefit from lower transportation, utility, and grocery costs—allowing you to make the most of your money. Whether you're looking to buy a home, raise a family, or start a career, these cities offer plenty of opportunities for a rich, rewarding life without the hefty price tag.

If you’re ready for a change of pace and want to maximize your financial potential, these seven cities are the perfect places to call home.