As costs rise for housing, families have been seeking more affordable cities. Thunder Bay, Ontario is at the top of the list of cheapest cities in Canada to live in. In Thunder Bay, the average monthly mortgage payment is about $1,600. According to Destination Ontario, “Known as one of Canada’s greatest “outdoor cities,” Thunder Bay is also a culturally diverse city with exciting shopping, sightseeing and entertainment.”
Saint John, New Brunswick according to Tripadvisor is Canada’s oldest incorporated city, Saint John is a popular tourist destination known for its historic uptown streetscapes, cultural attractions and natural wonders. Saint John as the second most affordable in Canada. The average monthly payment is about $1,400.
Red Deer, Alberta is known for being one of the most entrepreneurial cities in all of Canada. You’ll also find good access to major transportation and low tax rates. In addition to all of those benefits, Red Deer is popular for its affordability. With the average monthly mortgage payment at about $2,050, it’s a great place to check out for more affordable housing.
Trois-Rivières, Quebec is known as a cultural capital. According to Tourisme Trois-Rivières, “Its energy and originality combine to charm visitors.” . Trois-Rivières is one of the most affordable cities in Canada.
Edmonton, Alberta, nicknamed “Taxachusetts”, Massachusetts isn’t even close to being the worst state for retirees when it comes to taxes. In fact, it beats out 22 of them. For starters, MA doesn’t tax Social Security benefits — and its 6.25% sales tax rate is lower than in the majority of states. However, its property tax rates are among the highest.
