Canada’s Most Affordable Provinces with the Highest Quality of Life in 2025: A Comprehensive Guide
Canada’s most affordable provinces that also offer the best quality of life in 2025 have been ranked, shedding light on regions that balance cost-effectiveness with a high standard of living. A recent analysis by MovingWaldo, a Montreal-based moving company, highlights these provinces based on essential factors like safety, housing affordability, rental rates, and overall living expenses. This guide outlines which provinces in Canada offer the best combination of affordability and quality of life, helping newcomers make informed decisions on where to settle.
Key Metrics in Evaluating Affordability and Quality of Life
The provinces were evaluated on:
- Monthly living expenses
- Average rental prices for one-bedroom apartments
- Cost of purchasing property
- Availability of essential services and job opportunities
- Cultural and recreational activities
- Access to healthcare and education
Breakdown of Cost of Living and Housing Costs
Here is a closer look at the most affordable provinces in Canada, according to the latest data from MovingWaldo:
| Province | Average Monthly Cost of Living | Average 1-Bedroom Rent | Average Property Price |
|---|---|---|---|
| Newfoundland and Labrador | $2,411.87 | $845 | $297,000 |
| New Brunswick | $2,341.21 | $1,274 | $308,800 |
| Saskatchewan | $2,531.25 | $1,228 | $344,800 |
| Manitoba | $2,696.70 | $1,381 | $376,770 |
| Prince Edward Island | $2,718.14 | $850 | $365,600 |
| Quebec | $2,665.56 | $1,776 | $525,732 |
| Nova Scotia | $3,101.53 | $2,100 | $564,000 |
Top Affordable Provinces to Live in Canada in 2025
1. Newfoundland and Labrador: A Blend of Affordability and Natural Beauty
Newfoundland and Labrador top the list as the most affordable province to live in 2025. It stands out for its low housing prices and cost of living, with an average one-bedroom rent of $845 and property prices averaging $297,000.
The province also offers a balanced mix of urban and rural living, alongside breathtaking natural landscapes and rich cultural heritage. The economy is supported by booming industries like mining, hydroelectric power, and fishing. Additionally, low tuition fees make it attractive to international students.
Immigration Opportunities:
- Newfoundland and Labrador Provincial Nominee Program (NLPNP)
Offers pathways like the Express Entry Skilled Worker category, International Graduate category, and Entrepreneur categories. - The Atlantic Immigration Program (AIP) offers another route for skilled workers and international graduates.
2. New Brunswick: Affordable Living with a Peaceful Lifestyle
New Brunswick is known for its affordable living, with essential services such as water, gas, and electricity coming in cheaper than the national average. The province has a lower cost of housing compared to other regions, with rental costs averaging $1,274 per month.
Despite the low cost of living, job opportunities are limited, which may be a challenge for some residents. However, New Brunswick’s tranquility, combined with its lush forests and coastline, makes it an appealing option for many.
Immigration Pathways:
- New Brunswick Provincial Nominee Program (NBPNP)
Offers multiple streams, including the Express Entry Stream, Skilled Workers Stream, and Business Immigration Stream. - The Atlantic Immigration Program (AIP) is also available for eligible candidates.
3. Saskatchewan: Affordable Living in the Sunniest Province
Saskatchewan offers both affordability and a high standard of living. The province boasts relatively low housing prices, with one-bedroom rent averaging $1,228 per month. Additionally, Saskatchewan is known for being Canada’s sunniest province, providing ample opportunities for outdoor activities and enjoyment of nature.
Immigration Opportunities:
- Saskatchewan Immigrant Nominee Program (SINP)
Offers pathways through the International Skilled Worker category and Entrepreneur and Farm category, with an Express Entry sub-stream for those aligned with the federal Express Entry system.
4. Manitoba: Low Utility Costs and Unique Cultural Vibe
Manitoba stands out with incredibly low hydroelectric rates, making it one of the most affordable provinces in terms of utility costs. Its vibrant festivals, especially in summer, alongside a strong cultural scene, make it a great place to live, despite its cold winters.
Immigration Pathways:
- Manitoba Provincial Nominee Program (MPNP)
Includes pathways for Skilled Workers, International Education, and Business Investors. The Manitoba Express Entry Pathway helps candidates with an active Express Entry profile.
5. Prince Edward Island: Scenic Beauty and Affordable Housing
Despite being the smallest province, Prince Edward Island (PEI) offers an affordable lifestyle, particularly when it comes to housing. With rent for a one-bedroom apartment averaging $850, and property prices around $365,600, PEI is an attractive place for newcomers looking for a quieter, more affordable life. The island’s natural beauty, with endless opportunities for outdoor activities like cycling and swimming, is an added benefit.
Immigration Pathways:
- Prince Edward Island Provincial Nominee Program (PEI PNP)
Includes the Express Entry Category and other streams for labor and business immigration.
6. Quebec: Affordable Living with a Unique Cultural Appeal
While housing prices in Quebec can be higher compared to other provinces, they are still far more affordable than in Ontario or British Columbia. The overall cost of living, including groceries and utilities, is lower than the national average. Quebec is also known for its strong French-speaking culture, which adds to its uniqueness.
Immigration Pathways:
- Quebec Skilled Worker Program
For individuals who wish to immigrate as skilled workers. - Quebec Experience Program (PEQ)
Offers streams for temporary foreign workers and Quebec graduates.
7. Nova Scotia: A High Quality of Life with a Coastal Charm
Nova Scotia is known for its picturesque coastline, vibrant culture, and a range of outdoor activities. While its housing costs are relatively high compared to some provinces on the list, it is still more affordable than in Ontario and British Columbia. The province’s mix of urban amenities and natural beauty attracts those who enjoy outdoor life.
Immigration Pathways:
- Nova Scotia Nominee Program (NSNP)
Includes enhanced streams for Express Entry and other specific labor market priorities. The Atlantic Immigration Program (AIP) is also available for candidates with job offers.
Conclusion: Finding the Right Place to Settle in Canada
Canada’s provinces offer a diverse range of options for those seeking affordable living while maintaining a high quality of life. Whether it’s the natural beauty and affordable housing of Newfoundland and Labrador, the cultural richness of Quebec, or the sunny outdoors of Saskatchewan, each province has its unique advantages. For those planning to immigrate, the various Provincial Nominee Programs and the Atlantic Immigration Program provide pathways to permanent residency.
As living costs continue to rise, these provinces remain standout choices for anyone looking to balance affordability with quality living in 2025.
For a consultation about Immigration options, reach out to the CAD IMMIGRATION today!
