How to find affordable housing for rent in Canada?
Finding an Affordable Place to Live
Finding a place to live is a top priority for newcomers to Canada. Renting an affordable place can be challenging to navigate in the current housing market. Here are some tips and information to help you find affordable rental housing in Canada.
Most Affordable Locations for Rental
According with recent studies by Nesto.ca here are the most affordable places to ren
1. Saskatoon, Saskatchewan
Saskatoon serves as the cultural and economic hub of central Saskatchewan. With a population of approximately 273,000, the city is a major transit hub served by national railroads, provincial highways, and an international airport. The city is home to the University of Saskatchewan, making it an affordable city for students.
Average monthly rent: $1,109
Average household income: $103,445
2. Regina, Saskatchewan
Regina, with a population of around 229,000 residents, is the second-largest city in Saskatchewan. The area is one of the fastest-growing major cities with a strong manufacturing, agriculture and food, tourism, mining and oil and gas economy.
Average monthly rent: $1,191
Average household income: $104,401
3. Fort McMurray, Alberta
With a population of approximately 67,000, Fort McMurray is one of the most affordable cities in Canada in terms of cost of living. The city’s economy centres around the oil and gas industry, with opportunities in the energy industry to enjoy a low cost of living and higher salaries.
Average monthly rent: $1,226
Average household income: $189,458
4. Red Deer, Alberta
Red Deer, located halfway between Calgary and Edmonton, is known for its oil, cattle, and agricultural industries. Most of its approximately 103,000 population resides in urban areas, but the city lacks a university, so it might not be ideal for students.
Average monthly rent: $1,249
Average household income: $160,842
5. Winnipeg, Manitoba
Winnipeg is the capital city of Manitoba, boasting a population of around 797,000. The size of the city leaves the door open for many employment opportunities and has a rapidly growing IT industry. The city has a vibrant arts, culture, and culinary scene. Winnipeg was ranked the third best place to live on the Globe and Mail’s 100 most liveable cities list.
Average monthly rent: $1,282
Average household income: $107,532
6. Edmonton, Alberta
Edmonton, Alberta’s capital city, has an approximate population of 981,000. Known as the festival city, Edmonton hosts over 50 unique festivals each year. The city has a strong technology sector and is quickly becoming a leader in Artificial Intelligence (AI).
Average monthly rent: $1,284
Average household income: $121,600
7. Quebec City, Quebec
Québec City is a city in Canada with a population of around 558,000. It is the capital of the province of Québec and is known for being one of the safest cities in the country. The oldest part of the city is recognized as a UNESCO World Heritage Site. If you’ve ever wanted to feel like you live in a European city, you’d do well to rent an apartment in Old Quebec.
Average monthly rent: $1,288
Average household income: $96,301
8. Windsor, Ontario
Windsor, with a population of approximately 234,000, is located in southwestern Ontario and is in close proximity to Detroit. The city is known as the Automobile Capital of Canada and is a major manufacturing epicentre, with many of its residents working in the auto industry.
Average monthly rent: $1,545
Average household income: $85,624
9. Abbotsford, British Columbia
With a population of around 150,000, Abbotsford is one of British Columbia’s most affordable major cities. Located on the banks of the Fraser River, the area is known as the Farming Capital of Canada and is the perfect blend of rural and urban living. With approximately 72% of the land located on an Agricultural Land Reserve, Agriculture is a significant part of the local economy.
Average monthly rent: $1,594
Average household income: $88,291
10. Laval, Quebec
Laval, with a population of around 437,000, is the perfect combination of a family-friendly suburb with all the amenities of city life. The city is a short 30-minute commute to Montreal, making it ideally located for those who want to work in Montreal but prefer more affordable living.
Average monthly rent: $1,601
Average household income: $95,154
Understand Rental Costs
Rental prices in Canada can vary significantly depending on the city and neighborhood. Major cities like Toronto and Vancouver tend to have higher rental costs. For example, a one-bedroom apartment in Toronto might cost around CAD 2,000 per month, while the same apartment in a smaller city like Regina could be around CAD 1,000 per month.
Know Your Rights as a Tenant
It's important to understand your rights and responsibilities as a tenant in Canada. Each province has its own set of rules and regulations governing rental agreements. Make sure to read and understand your lease agreement before signing. Knowing your rights can help protect you from unfair practices and ensure a positive renting experience.
Consider Additional Costs
When budgeting for your rental home, remember to consider additional costs such as utilities (electricity, water, heating), internet, and renters' insurance. Some rental agreements might include utilities, while others do not. Always clarify this with your landlord before finalizing your rental agreement.
Seek Community Support
Connect with local immigrant support organizations that can offer assistance in finding housing. These organizations often have resources and advice specifically tailored for newcomers. They can also help you understand the local rental market and provide recommendations based on your needs.
Be Prepared
When you find a rental property you’re interested in, be ready to act quickly. The rental market can be competitive, especially in larger cities. Have your documents ready, such as proof of employment, references, and identification. Being prepared can give you an edge in securing your desired rental home.
Finding affordable rental housing in Canada as a newcomer can be challenging, but with the right resources and knowledge, you can find a place that fits your budget and lifestyle.
