The Most Expensive Places to Live in Canada Nowadays
The topic of today’s article is The most expensive places to live in Canada. Many individuals wish to relocate to Canada since it is often regarded as one of the greatest nations to live in. Most individuals desire to migrate to major cities like Toronto and Vancouver, but because of their density, they are the most costly locations to reside. Here are some of the most costly areas to live in Canada if you’re thinking about relocating there.
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The most expensive places to live in Canada
Toronto, Ontario
Toronto is, of course, at the top of our list. Toronto is not just the most populated but also the most costly city in Canada. Due to their rarity and the fact that they may cost well over a million dollars, owning a home in Toronto is practically impossible. Even a one-bedroom condo in Toronto costs $611,100 on average, making it difficult for anybody to relocate to the city. Rent is a possibility, although a tiny 85-square-meter apartment might cost approximately $2,000 per month.
Toronto is not just pricey in terms of housing, but also in terms of public transit. Adults may get a monthly pass to utilize the city’s subways, buses, and trams for $156. Toronto is a fantastic place to live in if you can afford it.
Vancouver
Next on our agenda is a trip to the west coast to see how much Vancouver, British Columbia, costs. Vancouver’s house values are similar to Toronto’s, with homes costing over a million dollars. The monthly rent of $2,143 for an 85-square-foot apartment is comparable to that of Toronto. This is also the most expensive places to live in Canada.
Taking public transportation to go about Vancouver is a little less expensive, with a monthly pass costing $107. If you possess a car, though, you will be disappointed to learn how expensive Vancouver is. The second most expensive fuel in North America. The fact that Vancouver has the lowest tax rates in Canada contributes to the city’s high cost of living.
Yellowknife
Many individuals believe that residing in a rural location will cut their living costs. Unfortunately, Yellowknife, in the Northwest Territories, is not one of them. The monthly rent of $1,800 for an 85-square-meter flat is slightly less expensive. The most significant issue in Yellowknife is the consumption of utilities in the home since you will need to keep the heater on for the majority of the year to cope with the bitter cold. Utilities cost around $410 per month on average.
Because everything needs to be imported, food in Yellowknife is also pricey. A regular meal in the city costs around $22.
Mississauga
Mississauga, another Ontario city with a high cost of living, is another example. Because Mississauga is one of Toronto’s nearest cities, many people who work in the city have relocated there for a reduced cost of living. Unfortunately, as a result of so many individuals doing so, Mississauga is now one of Canada’s most costly cities.
A month’s rent for an 85-square meter flat is around $1,633. The cost of public transit is similarly high, with a monthly ticket costing $137.
Calgary
Many people are familiar with Calgary since it is a popular place to reside. The average monthly rent in Calgary is $1,456 for an 85-square-meter flat, but the gym is where you’ll spend the most money. Gym memberships in Calgary are the most costly in Canada, maybe because there are fewer gyms in Calgary than in bigger cities like Toronto.
Edmonton
Edmonton, Alberta’s capital, is another pricey capital city on our list. Despite the fact that Alberta produces the majority of the country’s oil, utilities remain prohibitively costly. In an 85-square-foot apartment in Edmonton, two individuals may expect to pay roughly $250 in utilities and $1,305 in rent. If you enjoy going to the movies, you’ll be dismayed to find that Edmonton has among the highest movie ticket costs in the country.
Ottawa
The Canadian capital, Ottawa, is the last but not least. Many people searching for government work go to Ottawa since Parliament Hill is located there. Unfortunately, this does not necessarily imply that inexpensive housing is always accessible, since an 85-square-meter flat cost roughly $1,455. If you wish to buy a house or an apartment, the average price for a residential residence is $550,000 and rising.
Finally, Canada is a wonderful place to live with a good quality of life. Even if you can’t live in one of these huge cities, there are plenty of fantastic and cheap areas to live around the country. In this article, we have briefly introduced the most expensive places to live in Canada. Please consider carefully before choosing to live in these places.
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