Looking to buy a home in Canada? If this is the case, then indeed you are the right place. This post is based on a research of the housing markets in Canada. There are a number of cities in Canada where one will be able to buy a cheap home. The living costs for these cities are way below the ones in the United States. The best tactic to settle in a country is to do your homework about the housing market. This post is also based on a comparison of the household incomes in addition to other expenses of living. Here are the 5 cheapest cities to live in Canada.
Image Source: www.huffingtonpost.ca
5. New Brunswick
The best thing about this city is the high income combined with the low housing cost. According to a number of sources, the average housing rate in the city is about $ 169,000. It also means that you will be able to a buy a home for yourself at a lower price. The economy of this region is dependent on forestry, finance, mining, fishing and education.
4. Sydney
Being the largest city if Cape Breton Island, Sydney is marked for its moderate economy. The average household income is much above than other cities of the country. At the same time, the housing costs are surprisingly lower in comparison to a number of other developed regions. The average cost for having a house stands at $ 98,338. Finding a job might require some hard work, but in the end, your benefits will really outweigh the costs.
3. Windsor
The unemployment rate is a bit higher in the region, but it is still one of the cheapest cities in the country. The housing prices are really low, but finding a good job might be a problem for you. There are a number of multibillion projects that are underway due to which thousands of jobs will be created. However, I will not recommend this city to those who prefer to make a lot of money.
2. Gatineau
It is one of the most popular places in the country to have a home. The housing prices in the region are lower than that of Ottawa. Gatineau is also known for being a good place to have a job. Being on the edge of Ottawa River makes it a wonderful and preferred location by buyers.
1. Charlottetown
The income here is higher than many other cities. In comparison, the housing price is really low, which now stands at about $ 188,000. The best option for all the savvy buyers is Prince Edward Island. The healthcare and education sectors are the primary drivers of the economy. In addition, there are also a number of golf course and other avenues of entertainment.
