Where Are The Most Affordable Places To Live In Ontario?
Ontario, Canada’s second-largest province, is renowned for its diverse natural landscapes, including scenic provincial parks, expansive forests, and proximity to four of the five Great Lakes. While its real estate market is dynamic, it tends to be somewhat pricier compared to other provinces, with variations across cities. The cost of renting or purchasing a home in Ontario depends on factors like size, location, and condition. For those seeking affordable housing options, this article guides you through some of the most budget-friendly cities within the province.
Amidst the persistent rise in housing prices, now is an opportune time to explore alternative cities within Ontario. Surprisingly, the most budget-friendly locale in the province is not a remote northern village but rather a medium-sized city. In this guide, we present our top seven choices for the most affordable neighbourhoods in Ontario, considering elements like house affordability, rent costs, and cost of living.
Thunder Bay
- Population:
108,843 - Average house sale price:
$325,000 - Average rent price (1-bedroom):
$1,298 - Average rent price (2-bedroom):
$1,595 - Cost of living vs Toronto:
30.4% Less
Nestled on the shores of Lake Superior in Northwestern Ontario, Thunder Bay is a vibrant city renowned for its rich outdoor opportunities, scenic landscapes, and an extensive network of recreational trails. Celebrated for its affordability, Thunder Bay is an attractive destination for both residents and first-time homebuyers. This contemporary city offers an excellent blend of outdoor enjoyment and lakeside scenery, surrounded by historical charm. Notably more budget-friendly than similarly sized cities in Ontario, Thunder Bay also claims the title for the lowest rental costs in the entire province.
Sudbury
- Population:
166,004 - Average house sale price:
$440,000 - Average rent price (1-bedroom):
$1,295 - Average rent price (2-bedroom):
$1,874 - Cost of living vs Toronto:
26.7% Less
Formerly known as Great Sudbury since its amalgamation in 2001, this city, positioned approximately 400 km north of Toronto, provides diverse and affordable housing options. Sudbury is an excellent choice for outdoor enthusiasts and individuals seeking a mid-sized town with a dynamic workforce. With its scenic landscapes and affordable housing, Sudbury offers a blend of nature and a vibrant community, presenting a welcoming and accessible lifestyle for its residents within a lively mid-sized town atmosphere.
Sarnia
- Population:
72,047 - Average house sale price:
$497,000 - Average rent price (1-bedroom):
$1,500 - Average rent price (2-bedroom):
$1,700 - Cost of living vs Toronto:
22.5% Less
Nestled along the picturesque shores of Lake Huron in the southwestern part of Ontario, Sarnia is an idyllic haven for nature enthusiasts and families alike. In close proximity to the US border, the city boasts a robust theatre and music scene, complemented by a delightful array of restaurants along Michigan Avenue. Sarnia’s appealing housing affordability, coupled with over 100 parks, enhances its family-friendly ambiance, making it an ideal locale for those seeking a welcoming environment with a vibrant cultural scene.
Kingston
- Population:
132,485 - Average house sale price:
$590,000 - Average rent price (1-bedroom):
$1,799 - Average rent price (2-bedroom):
$2,098 - Cost of living vs Toronto:
20.1% Less
Situated on the eastern end of Lake Ontario, Kingston, Ontario is a city that seamlessly blends charm and history. Famed for its breathtaking waterfront views, picturesque downtown core, and prestigious post-secondary institutions, Kingston is a coveted living destination with a population of around 136,000. It offers a charming mix of a small-town atmosphere combined with the conveniences of a larger urban center, providing residents and visitors with an attractive environment adorned by cultural vibrancy and natural beauty. With generally favourable housing costs compared to larger urban centres, Kingston is often considered a more affordable option for those seeking a high quality of life.
Windsor
- Population:
229,660 - Average house sale price:
$517,401 - Average rent price (1-bedroom):
$1,360 - Average rent price (2-bedroom):
$1,650 - Cost of living vs Toronto:
26.41% Less
Ranked among our top seven affordable places to live in Ontario, Windsor is a dynamic city situated in the southern part of the province, just a brief drive from Detroit. This strategic location not only provides excellent job opportunities but also fosters vibrant communities of artists, retirees, and start-up owners drawn to the city’s affordability and accessible start-up costs. While still considered one of the most budget-friendly places in Ontario, Windsor’s housing market is becoming increasingly competitive. Hence, it is advisable to explore the area sooner rather than later to avoid potential rises in house prices, adding to the allure of this vibrant city.
London
- Population:
422,324 - Average house sale price:
$665,000 - Average rent price (1-bedroom):
$1,688 - Average rent price (2-bedroom):
$2,056 - Cost of living vs Toronto:
17.8% Less
Nestled in southwestern Ontario, this vibrant city boasts a rich cultural and educational tapestry, hosting some of the province’s most prestigious universities and secondary schools. Despite a cost of living only 17% lower than that of Toronto, London remains one of the most budget-friendly cities in the province, offering a dynamic blend of academic excellence and natural beauty in its lush woodlands and numerous parks. The largest among our top seven picks, London, known as the “Forest City” for its abundant woodlands and parks, is the ideal destination for families seeking top-notch educational opportunities.
Barrie
- Population:
147,829 - Average house sale price:
$780,000 - Average rent price (1-bedroom):
$1,800 - Average rent price (2-bedroom):
$2,199 - Cost of living vs Toronto:
11.6% Less
Nestled along the shores of Kempenfelt Bay, Barrie, a city in Ontario, stands out for its affordable housing and scenic lakeside charm. Known for a vibrant community and hosting events like Kempenfest, Barrie offers cultural vibrancy and outdoor beauty, making it appealing for residents. The city’s diverse economy, with strengths in healthcare, education, manufacturing, and retail, provides employment opportunities for professionals and various industries. Recognized for its relative affordability compared to larger urban centres, Barrie’s commitment to a welcoming atmosphere and its scenic lakeside setting makes it an ideal destination for those seeking a high quality of life.
As we conclude our exploration of affordable living in Ontario, each city offers a unique blend of cultural richness, scenic beauty, and economic opportunities. From the idyllic haven of Sarnia along the shores of Lake Huron to the dynamic cityscape of Windsor, each locale presents its charm and appeal. If you’re considering a relocation within Ontario, let this guide serve as a starting point for discovering the diverse options available. Whether you’re drawn to Thunder Bay’s outdoor wonders, Sudbury’s vibrant mid-sized town atmosphere, or the cultural allure of Kingston, there’s a place in Ontario for every lifestyle.
Feel free to reach out if you’d like more information or assistance in exploring your next home within this diverse and welcoming province. We’re always happy to help!
Have any questions or just wanna chat? Give me a call or send me an email.
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Andres
