Image via lastdjedai/Shutterstock
I think it’s safe to say we’re all looking to save some money when it comes to the cost of living these days. Using its own collected data, Royal LePage identified the 15 most affordable Canadian cities to live and here’s where they are!
Recent Posts:
McDonald’s Canada is adding ‘globally inspired flavours’ to its fries
Cineplex has weekend deals across Canada this June
According to Royal LePage, it identified the most affordable Canadian cities “based on the percentage of income required to service a monthly mortgage payment, using provincial median total household income data and city-level aggregate home price data.”
The number one most affordable city is in northern Ontario, Thunder Bay, where 22.2 percent of a household’s monthly income would be required to service a mortgage payment.
The one other Ontario city on the most affordable Canadian cities list sits at number 13, Windsor-Essex.
Royal LePage adds, “Saint John, Red Deer, Trois-Rivières and Edmonton round out the top five, where between 25.1 and 28.9 percent of a household’s monthly income is needed to service a mortgage payment.”
“Many aspiring homeowners in the country’s largest and priciest urban centres are seriously considering relocating to less expensive cities in order to get a foot on the property ladder,” says Karen Yolevski, COO, Royal LePage Real Estate Services Ltd.
Would you relocate to any of these Canadian cities to save some money?
Guild Park and Gardens is truly one of Toronto's most stunning gems. As though it…
The long weekend is almost here, and although the weather is looking a little gloomy,…
There's something about Drumheller that truly does not feel like Alberta. Maybe it's the massive…
We’re up for another fabulous weekend in the city! And this time, it's a long…
Time to stop saving them for “some day” 💲💸
The long weekend is almost here, and so are tons of other fun festivities, including…