Cheapest Places to Live in Canada - Toronto & Montreal NOT!

Yesterday the National/Financial Post's Eric Lam revealed that Toronto and Montreal are a couple of the most expensive cities to live in. Not just in Canada but the world!

Cheapest Place to Live in Canada - Not!

He wrote about a USB study which was released yesterday noting that these Canadian Cities are even more expensive than London or Dubai. Interesting that he or the study never mentioned Vancouver or Victoria which are often assumed to be very expensive to liv in.

So, if you're searching for the cheapest places to live than you may want to avoid cities on this list of the most expensive:

1. Oslo

2. Zurich

3. Geneva

These cities took top spots as the most costly cities to live in.

4. Tokyo

5. Copenhagen

6. New York

7. Stockholm

Although he doesn't state it specifically by inference Toronto and Montreal come in at 8th and 9th while London is the 10th most expensive city to live in.

And the cheapest cities to live in -

Bucharest, Manila and Mumbai.

One wild card here was that Kuala Lumpur, Malaysia was also in the five cheapest cities to live in.

Search Amazon.com for the Cheapest Places to Live

Read about it here Toronto, Montreal among most expensive cities

Newfoundland remains one of the Cheapest Places to Live in Canada

“If we compare to other markets in Canada, Newfoundland remains one of the most affordable housing markets in the country,” said Chris Janes, the Senior Market Analyst with the CMHC (Canada Mortgage and Housing Corporation.

Janes also said the province is one of the Cheapest Places to Live in Canada despite both employment and income being on the rise.

The average price of a house in Corner Brook, which is certainly one of the cheapest cities to live in, has increased to $187,000 which is a bit of a jump from $162k last year but is still well below average house prices in the rest of the country especially Ontario and British Columbia. Just two years ago houses were just $130,000 here.

Read the Western Star article - Housing costs have gone up, but still affordable