2023 Updated List of the Cheapest Place to Live in Ontario

When looking for a place to live, it’s worth doing your research on where the best prices are. With the high cost of living, many Ontarians are trying to find a cheaper place in which to live. However, this isn’t always an easy task, because it often comes down to personal preference and what your needs are. The article will list different places in Ontario that have the lowest cost of living.

History of Ontario

Ontario is a large, populous province in Canada with a rich and diverse history. The province is home to the nation’s capital, Ottawa, and its largest city, Toronto. Ontario is bordered by the United States to the south and west and by Quebec to the east. The province has a coastline on the Pacific Ocean as well as several major lakes, including Superior, Huron, Erie, and Ontario.

The history of Ontario can be traced back to the early days of colonization in North America. The first Europeans to set foot in what is now Ontario were the French, who arrived in 1615. The British soon followed, and by 1791, Ontario had become part of the British colony of Upper Canada.

Ontario’s development as a province took a long time, and many important events occurred outside of its boundaries. For example, the Canadian Revolution (1837-1871) was fought largely in Southern Ontario, while the Second World War (1939-1945) saw significant action in Northern Ontario.

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Benefits of Living in Ontario

  • Low Costs of Rent and Utilities:

Rent in Ontario is typically much lower than in other provinces. For example, the monthly cost of rent in Toronto is only $1,219 while the monthly cost of rent in Ottawa is $1,509. And while utilities can be a bit more expensive in Ontario than elsewhere, they’re still much cheaper than in most places. The average monthly utility bill in Ontario is only $115 compared to $197 nationally.

  • Excellent Healthcare:

Ontario’s healthcare system is among the best in the world. It was ranked first by the World Health Organization (WHO) in 2017. This high-quality healthcare system provides residents with access to top-notch medical care no matter where they live in Ontario. Plus, Ontario’s hospitals are among the most efficient in Canada, meaning that you will likely save money on your health insurance premiums while living here.

  • Strong Economy:

The Canadian economy is one of the strongest in the world and Ontario is no exception. The province has been ranked as one of the top-performing provinces for economic growth over the past few years. Additionally, unemployment rates remain low in Ontario, which makes it a great place to invest your money.

  • Quality Education Opportunities:

Ontario has some of the best educational opportunities in Canada. This includes world-class universities like McGill University and the University of Toronto as well as prestigious K-12 schools like The Etobicoke School District (TSD). There’s something for everyone here – whether you’re looking for a prestigious university or top-rated elementary school education for your children.

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Tips for Finding a Cheaper Place to Live in Ontario

If you’re looking for a cheaper place to live in Ontario, you can check out some of the smaller towns and cities. Here are five tips to help you find the cheapest place to live in Ontario:

  1. Do your Research:

Start by consulting different online databases and resources. This will give you a better idea of what specific towns and cities have to offer in terms of cost of living and housing options.

  1. Compare Prices:

Not all neighborhoods within a town or city are going to be equally expensive. Work out which neighborhoods have lower costs and focus on those when searching for an apartment or house.

  1. Check out Rental Properties:

If you’re not ready to commit to buying a property outright, consider looking into renting instead. Renting can be a great way to save money on your monthly payments, especially if you plan to stay for a short time.

  1. Take Advantage of Discounts:

Many communities offer discounts or incentives for people who invest in local businesses or participate in other local activities. Ask around for information about these programs before settling on a location.

  1. Be Flexible:

Don’t let cost constraints put limits on where you want to live or what type of home you’d like to purchase. If something doesn’t fit into your budget right now, look into ways that you can adjust your plans down the road without having to completely re-evaluate everything.”

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Cheapest Place to Live in Ontario

  • Belleville:

This city is located just east of Toronto and has a population of just over 100,000. The median household income here is $60,700, which makes it one of the cheaper places to live in Ontario. Additionally, Belleville has a low cost of living index rating of 83.5, which means that housing costs here are relatively low.

  • Kingston:

Kingston is located just south of Toronto and has a population of just over 160,000. The median household income here is $67,500, which makes it one of the cheaper places to live in Ontario. Additionally, Kingston has a low cost of living index rating of 82.7, which means that housing costs here are relatively low.

  • Peterborough:

Peterborough is located just north of Toronto and has a population of just over 170,000. The median household income here is $62,500, which makes it one of the cheaper places to live in Ontario. Additionally, Peterborough has a low cost of living index rating of 81.8, which means that housing costs here are relatively low.

  • Oshawa:

Oshawa has a lower population density than Toronto but it also has lower costs of living. The median price of a home in Oshawa is $171,000, which is about one-third the median price of $626,000 in Toronto. In addition, the average commute time to Toronto is only 25 minutes.

  • Brampton:

Brampton ranks as one of the cheapest places to live in Ontario with an average price of $309,644. This neighborhood is located in the city of Toronto and is made up of mostly single-family dwellings. Residents here have access to a wide range of services and amenities, including schools, parks, and shopping centers.

Read also: An Exploration of the Many Benefits of Living in Canada

Conclusion:

If you’re looking to find the cheapest place to live in Ontario, your best bet is to look into the cities of Toronto and Hamilton. Both cities offer a variety of housing options, as well as plenty of amenities that will make your life easier. If you’re not set on living in either city, there are also several other affordable spots throughout the province to consider.

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