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Posted on January 18 2024

Top 10 Most affordable places to live in Canada

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By  Editor
Updated January 18 2024

Why migrate to Canada?

  • High standards of living
  • Over 1 million job vacancies
  • Free Education for children
  • Best Healthcare Facilities

 

*Want to know your Canada eligibility score in a min? Check it with Y-Axis Canada CRS score calculator.

 

Which place in Canada should you choose to settle in?

Canada has a diverse landscape, making it a favourable city for newcomers. But as we know, Canada is a vast country, and where to stay can be inevitable confusion. According to Market Basket Measure (MBM), the cost of basic needs is higher in Canada- Calgary (Alberta) and lowest in Montreal (Quebec).

 

MBM is known as statistics of Canada that represents the cost of goods and services provided to the citizens and the cost of living in that region.

 

Affordable places in Canada:

Small cities in Quebec and New Brunswick are ranked as Canada's most affordable places. Ten places have the rank of being the most affordable Canadian cities:

 

  • Thetford Mines, Quebec
  • Edmundston, New Brunswick
  • Riviere-du-Loup, Quebec
  • Tracadie, New Brunswick
  • Sainte-Marie, Quebec
  • Montmagny, Quebec
  • Miramichi, New Brunswick
  • Saint-Georges, Quebec
  • Bathurst, New Brunswick
  • Rimouski, Quebec  

 

The cost of basic needs is lower in certain cities:

Here is the table that shows the cost of basic needs lowest across Canada:

Country

Cost of Goods and services

Montreal, Quebec

$46,027

Brandon, Manitoba

$46,779

Saint John, New Brunswick

$48,468

St. John’s, Newfoundland and Labrador

$50,931

Charlottetown, Prince Edward Island

$51,033

Regina, Saskatchewan

$51,101

Halifax, Nova Scotia

$52,439

Whitehorse, Yukon

$59,124

Yellowknife, Northwest Territories

$66,991

Iqaluit, Nunavut

 $118,787

 

So the cost of basic needs is lowest in

 

  • Montreal, Quebec
  • Brandon, Manitoba
  • Saint John, New Brunswick

 

The cost of residing in Canada:

Rental housing is regarded as the basic need for many immigrants in Canada, making this a top priority for new residents.

 

Vancouver, Canada, is regarded as the most expensive rental as one-bedroom average costs $2,607, and a two-bedroom is $3,424.  

 

Besides Vancouver, Toronto is the third-most less expensive city, with one bedroom costing $2,607 while a two-bedroom was $3,424.

 

*Want to work in Canada? Talk to Y-Axis for complete guidance

 

Canada as a top work destination:

Canada has been an excellent option for people who want to migrate. Canada also beat out Germany in the second spot, Qatar in third, and the United Kingdom in fourth.

 

Canada allows foreign nationals to gain their permanent residency through the federal Express Entry system’s Federal Skilled Worker (FSW) program, Federal Skilled Trades (FST) program and Canadian Experience Class (CEC), as well as the Provincial Nominee Programs (PNP) and ten other Canadian Provinces.

 

Through the Express Entry system, immigrants can apply for Permanent Residency, and if their residency profile is ranked, they would be ITA for permanent residency. Whoever receives an ITA must quickly submit a complete application and pay processing fees within a delay of 90 days.

 

Through a network of PNPS, all of Canada’s ten provinces and three territories can also nominate skilled worker candidates for admission to Canada when they have the specific skills required by local economies. Successful candidates will receive provincial or territorial nominations and can apply for Canada PR through Federal immigration authorities.

 

*Looking for step-by-step assistance to apply for Canada PR visa? Talk to Y-Axis, the leading Overseas Immigration Company in Australia

 

How can Y-Axis help you?

Y-Axis, the world’s best overseas immigration consultancy, provides unbiased immigration services for every client based on their interests and requirements. Our impeccable services include the following:
•    Free eligibility check through Canada Immigration Points Calculator
•    Expert guidance/ counselling for Canada Immigration
•    Coaching services: Expert CELPIP coachingIELTS proficiency Coaching 
•    Free career counselling; book your slot today
•    Complete guidance for Canada PR visa 
•    Job search services to find related jobs in Canada


For recent Immigration updates do check out: Y-Axis Canada Immigration new

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