Thinking of moving? For a few months now, real estate experts have recommended investing in this sector due to the low prices in which certain properties have been offered since the arrival of the pandemic in Canada. If you are looking for a place that is much more affordable for your lifestyle, you should consider living in one of the cheapest cities in Ontario.
- Windsor
According to the independent real estate market, Zolo, the city of Windsor is the most affordable in the entire province of Ontario; This is because the average price of a home there is C $ 534,000 and family income is C $ 82,840. In the report, they explained that the relationship between home price and income is 6.45, that is, an average household “will take” 6.45 years to pay its mortgage.
According to the cost of living calculator, Numbeo, the estimated monthly costs for a single person are C $ 1,070.78 without rent.
- St. Catharines
St. Catharines is a favorite city for new residents to the province. If you compare this beautiful metropolis with incredible Toronto, you should know that consumer prices are 11.17% lower than in the capital of Ontario.
Additionally, rental prices are 39.32% more affordable, restaurant prices are 22.41% lower, and grocery prices are 8.32% cheaper than in Toronto. According to Numbeo, the estimated monthly costs for a single person in the city (without rent) are C $ 1,047.97.
- Hamilton
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Hamilton is a port city and is the center of the Golden Horseshoe Industrialized Zone. If you compare the cost of living with Toronto (the city with the highest cost of living in Ontario), the percentages are very strong.
Consumer prices, including rent, in Hamilton are 18.85% lower, rental prices are 31.20% more affordable, and grocery prices are 10.34% lower. It is believed that an average budget to live a month in the city is C $ 1,078.33, of course, without rent.
- Sault Ste. Marie
On the St. Marys River is Sault Ste. Marie, a city near the Canada-United States border. Ontario’s third largest metropolis is one of the most affordable.
When compared to Toronto, Sault Ste. Marie, it is 28.83% more affordable relative to consumer prices (including rent); likewise, it is 54.46% cheaper in rental prices and it is 8.03% less expensive compared to grocery prices.
Average monthly costs for a person living in Sault Ste. Marie, without rent, are estimated to be C $ 1,057.52
- London
Southwest Ontario, north of Lake Erie and the US border, is London, the city that is home to the University of Western Ontario. If you want to reside there, you should know that the metropolis is cheaper than 89% of the cities in North America and in Canada it is one of the cheapest cities.
The average monthly cost for a person living alone there, excluding rent, is C $ 1,100.75.
- Kitchener
Kitchener is a city in southern Ontario and is relatively one of the most affordable in Canada. If you compare the cost of living between Toronto and Kitchner, the latter is much cheaper than the former.
Consumer prices with rent are 16.38% lower than in Toronto; likewise, rental prices, restaurants and groceries are 30.93%, 3.88% and 5.19% lower than in the capital of Ontario. For a person to be able to support himself for a month there, he will need C $ 1,105.14, plus the rent.
- Barrie
Barrie is a beautiful city in the southeast of the province of Ontario and is located 90 kilometers north of Toronto. The 35th largest metropolis in Canada, it has consumer prices 13.98% lower than Toronto, rental prices are 30.54% cheaper and costs for groceries are 8.31% lower.
- Waterloo
Waterloo is one of the cities in the province that is growing at an accelerated rate, this due to the momentum that has been implemented in the real estate market.
If you compare the cost of living in Toronto with that of Waterloo, the latter is much more affordable, both in consumer prices, as in rent, restaurants and groceries.
- Kingston
On the Quebec-Windsor Corridor, at the eastern end of Lake Ontario, is Kingston, a historic city in Canada. Living in this city is much more affordable than doing it in Toronto, since consumer and rent prices are much lower than in the capital of Ontario.
For a single person to live “comfortably” in Kingston for a month, it is expected that they require C $ 1,116.93, this, regardless of rent prices.
- Guelph
Guelph is the county seat of Wellington County and is situated on the traditional territory of the Mississauga Nation. The city 100 kilometers from Toronto has a much more affordable cost of living, since to reside there you need an average monthly budget of C $ 1,174.55, plus the rental price. In addition, consumer and rental prices are 1.36% and 29.44% lower than in Toronto.
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