What’s the Cheapest Province to Live in Canada?

Looking to live in Canada on a budget? We’ve got you covered with this list of the cheapest provinces in the country.

Life in Canada has a lot going for it. Distinctive cities, High quality of life, and great access to healthcare and education make Canada one of the best countries in the world to live in. While the cost of living varies across the country, there are definitely some cheaper options out there. In this blog post, we’ll take a look at the five cheapest provinces to live in Canada.

Related Read:The 4 Best Cities to Start a Business in Canada

Get a quote in less than a minute

Get no-nonsense coverage that's the best value for your money. Purchase policies from your computer or phone, receive your documents instantly, and save when you buy online.

Get a free quote

4.7 rating

1. Newfoundland and Labrador

Newfoundland and Labrador is the cheapest province to live in Canada, with the lowest average cost of living in the country. This easternmost Canadian region is sometimes referred to as “The Rock”. It offers plenty of affordable housing options and some of the cheapest rent in Canada.Newfoundland and Labrador also has some of the lowest taxes in the country which makes it even more attractive for those looking to save money while living in Canada. The beautiful landscapes, friendly people, and relaxed lifestyle are just added bonuses.

Related Read: Tips for Immigrating to Canada

2. New Brunswick

New Brunswick is the second cheapest province to live in Canada, according to a recent survey. The Picture Province has an average cost of living that is lower than most of Canada. This means there are plenty of affordable housing options and low prices on food and entertainment. The taxes in the province are also relatively low compared to those in other parts of Canada, making it an attractive option for people who want to save money.In addition, New Brunswick has a lot going for it. It offers stunning coastal views, charming towns and cities, and warm, welcoming locals who are proud of their cultural heritage. New Brunswick also has plenty to offer in terms of activities and attractions, from camping on the beaches to kayaking or whale-watching down the coast.

3. Saskatchewan

Known for its vast prairies, stunning natural beauty, and friendly people, Saskatchewan comes in third in our list of the cheapest provinces in Canada. With plenty of affordable housing options and low prices for food and entertainment, Saskatchewan offers potential residents a reasonably priced way to live in a gorgeous environment.And despite many naysayers, Saskatchewan has more to offer than the distinct beauty of the prairies — you can find rolling hills, grasslands, forests, lakes, and rivers. The province is also home to several national parks and protected areas that offer opportunities for outdoor recreation such as camping, hiking, fishing, and wildlife watching.Saskatchewan’s rich indigenous history and culture also contribute to its uniqueness, with many First Nations communities located throughout the province. Additionally, Saskatchewan is home to several vibrant cities such as Saskatoon and Regina that offer a blend of modern amenities and small-town charm.

4. Manitoba

One province east of Saskatchewan in the heart of Canada, Manitoba is the fourth cheapest province to live in Canada. With one of the cheapest housing markets in the country, life in Manitoba is great for those looking to brave the cold to experience the many benefits this province has to offer. The cost of living in Manitoba is generally lower than other provinces due to its relatively low population density and smaller urban centers.This means that housing, food, transportation and other daily expenses tend to be more affordable compared to larger cities like Toronto or Vancouver. Additionally, Manitoba offers a range of government subsidies and tax credits that help reduce the financial burden on residents. For instance, Manitoba has some of the lowest tuition fees in Canada as well as a generous tax credit system for families with children.Finally, Manitoba’s strong economy provides ample job opportunities with decent salaries which helps offset the cost of living expenses. All these factors combined make Manitoba an attractive destination for those looking to live comfortably without breaking the bank.

Related Read: How to Register a Business in Manitoba

5. Nova Scotia

The cost of living in Nova Scotia is considerably lower than other provinces in Canada. Housing costs in this gorgeous coastal province are relatively affordable, particularly outside of the larger urban centers like Halifax. For example, a one-bedroom apartment in Halifax’s city center can cost around $1,300 CAD per month, while a similar apartment outside the city center may only cost around $900 CAD per month.Food prices in Nova Scotia are also reasonable, with fresh seafood and locally grown produce being readily available at affordable prices. Nova Scotia’s combination of affordable housing options, reasonable food prices and accessible job opportunities make it an attractive option for those looking to live comfortably without breaking the bank.

6. Prince Edward Island

Life in Prince Edward Island can be described as peaceful, friendly and laid-back, making this town perfect for those looking for an idyllic life on a budget. The province has a strong sense of community, with residents often knowing their neighbors and participating in local events and activities. The island’s natural beauty is also a major draw, with beautiful rolling hills, red sand beaches and picturesque fishing villages.

APOLLO Insurance offers effortless tenant insurance for renters, no matter where you live in Canada. Get a free quote today in less than a minute and have your new policy documents emailed directly to your inbox.

Get comprehensive tenant insurance for what matters

Get no-nonsense coverage that's the best value for your money. Purchase in less than a minute, receive your policy instantly, and save when you buy online.

Get a Free Quote

4.7 rating