With housing prices and living costs soaring across Canada, affordability and quality of life have become key factors for those considering relocation. Fortunately, some provinces strike a balance between low costs and excellent living standards. MovingWaldo’s latest ranking highlights the most affordable provinces in Canada for 2025 based on average living costs, housing prices, rental costs, and quality-of-life metrics like safety, healthcare, and recreation.
If you’re planning to move and want to optimize your lifestyle without compromising your finances, here’s a closer look at the top provinces offering the best bang for your buck.
1. Newfoundland and Labrador
Topping the list is Newfoundland and Labrador, the cheapest province in Canada for 2025. The average cost of living is $2,411.87 per month, with 1-bedroom apartments costing around $845 and homes priced at an average of $297,000.
This province offers an idyllic mix of affordability and charm, with its stunning coastlines and vibrant cultural scene. Newfoundland also boasts some of the lowest tuition fees in North America, making it a great option for families and students.
2. New Brunswick
New Brunswick’s low cost of living, averaging $2,341.21 per month, makes it another top choice. Rent for a 1-bedroom apartment is $1,274, while homes are priced at an average of $308,800.
Real estate demand remains moderate here, ensuring housing remains affordable. Additionally, essential utilities like water and electricity cost less than in many other provinces, further enhancing its appeal.
3. Saskatchewan
Known as Canada’s sunniest province, Saskatchewan offers an average monthly cost of living at $2,531.25. Rent for a 1-bedroom apartment averages $1,228, and homes are priced at just $344,800.
The province’s outdoor opportunities, combined with its low expenses, make it a favorite for those seeking a relaxed lifestyle. It’s an excellent destination for outdoor enthusiasts and families looking for affordability and sunshine.
4. Manitoba
Manitoba offers an attractive mix of affordability and natural beauty. With a monthly cost of living of $2,696.70, 1-bedroom apartments rent for $1,381, and homes average $376,770.
Winnipeg, the capital city, provides some of the most affordable housing among Canada’s major cities. Despite its chilly winters, Manitoba enjoys temperate summers and a host of festivals that add vibrancy to the province.
5. Prince Edward Island (P.E.I.)
Prince Edward Island’s charm lies in its affordability and natural beauty. The cost of living is $2,718.14 per month, with 1-bedroom rents averaging $850 and homes priced at $365,600.
P.E.I.’s scenic beaches, fresh seafood, and biking trails make it a haven for nature lovers. Its small population and quiet lifestyle attract individuals seeking peace and serenity.
6. Quebec
Quebec stands out for its low cost of living, averaging $2,665.56 per month. Rental costs for a 1-bedroom apartment are $1,776, and homes are priced at $525,732 on average.
The province’s urban centers, like Montreal, offer rich cultural experiences and excellent public transit, making it ideal for young professionals and families alike. Affordable suburban housing further adds to its allure.
7. Nova Scotia
Rounding out the list is Nova Scotia, where the cost of living averages $3,101.53 per month. 1-bedroom rents are around $2,100, and homes average $564,000.
Although housing costs are higher here, the province’s coastal charm, welcoming communities, and stunning landscapes make it worth considering. Nova Scotia is a perfect destination for those seeking a maritime lifestyle.
How ICC Immigration Can Help You Secure Your Future in Canada
Relocating to a new province or country involves complex decisions and processes. That’s where ICC Immigration comes in, offering expert guidance to help you navigate Canada’s immigration pathways.
Our Services Include:
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Conclusion
Canada’s most affordable provinces for 2025 provide a range of options for individuals and families seeking a high quality of life at a reasonable cost. Whether you’re drawn to the coastal beauty of Newfoundland and Labrador, the sunny lifestyle in Saskatchewan, or the cultural richness of Quebec, there’s a province to fit your needs.
With ICC Immigration by your side, you can make informed decisions about your relocation while securing your future in Canada. Our comprehensive services and expert guidance ensure your journey to a better life is smooth and stress-free. Contact ICC Immigration today to learn how we can assist you in achieving your Canadian dream.