Canada remains one of the most attractive destinations for migrants and International Students given the well documented benefits accruing to residents including employment opportunities, rich culture, pristine environment and much more.
Canada still remains one of the most expensive places to live on earth albeit it has a relatively high median annual income. The median income in Canada is just under $40,000 which puts it in the Top 20 worldwide.
However, what is a high income in the face of ostensible expenditures ?
Well…it is probably worth it.
Today, we bring you our list of the 9 most affordable places in Ontario. The province of Ontario is one the most popular destinations and if you are considering moving there, this article is definitely of great value.
1. Sudbury
Sudbury, officially known as Greater Sudbury, is the largest city in Northern Ontario by population. With a population of 161,531 residents in the 2016 Canadian Census, Sudbury boasts of a vibrant workforce. Sudbury is home to nine mines, two mills, two smelters, and a nickel refinery and is considered the hard rock mining capital of the world.
2. Sarnia
Located in Southwestern Ontario, Canada, Sarnia makes it one of the cheapest cities to live in Ontario. Sarnia is home to over one hundred parks, with the largest being Germain Park. It has five baseball diamonds, four soccer fields, an outdoor pool, and the Community Gardens.
3. Windsor
Windsor is a beautiful city in the southwestern part of Ontario. The city sits directly across Detroit, Michigan, United States, on the south bank of the Detroit River. Known for its impact on Canada’s automotive industry. For this reason, it is called the “Automotive Capital of Canada.” being one of the larger cities in Ontario.
4. Rainy River
Rainy River is another conducive town that offers one of the cheapest places to live in Ontario. Located in the northwestern part of Ontario, Canada, Rainy River is situated on the eponymous Rainy River. The town is a small town that shares borders with Minnesota, United States, but offers affordable real estate. Buying a house here will cost an average of $359,000. Rainy River does not have apartments for rent, but you can rent private cottages for less than $1,000.
5. Deep River
Deep river is a lovely town located in Renfrew County, along the Ottawa river. The Deep River area provides stunning scenery and excellent boating on the broad river, and excellent hiking in the hills across the Ottawa River. It also has a ski hill, golf course, and yacht club. In Deep River, you can get some of the most affordable housing in Ontario. Buying a house will cost an average of $400,000 and renting a 1-bedroom apartment will cost from $1,400.
6. Peterborough
Peterborough is a city on the Otonabee River in Ontario. Peterborough was nicknamed “The Electric City” because it was the first municipality in Canada to use electric streetlights. With $400,000, you can buy a house in Peterborough. Renting a 2-bedroom apartment is around $1,900.
7. Barrie
Located on the shores of Kempenfelt Bay, the western arm of Lake Simcoe, Barrie city is one wonderful place to get affordable housing in Ontario. If you are an art lover, then you’d particularly enjoy living in Barrie. The city is home to Kempenfest, one of the largest outdoor arts and crafts celebrations in Ontario. Buying a home in Barrie will cost an average of $450,000, and the average rent for a studio is $1,200. Like London, Barrie has experienced a spike in real estate prices in recent times.
8. Kingston
Kingston lies on the eastern edge of Lake Ontario. As of February 10, 1841, Kingston was the first capital city of the United Provinces of Canada. Despite its short tenure as a capital city (1844), the community remains an important military base, and it’s one of the best cities to live in Ontario. The average cost of a house is $450,000 while renting a 1-bedroom is around $1,600.
9. London
No, not London, United Kingdom. Canada has its one London city in southwestern Ontario. John Graves Simcoe, a British Army general and first lieutenant governor of Upper Canada from 1791 until 1796 was responsible for the city’s name. On average, a house in London goes for around $536,000, and a 2-bedroom apartment costs $1,900. It’s important to note that the price of real estate in the city has been on a steady increase.
