Best Places to Live in Canada in 2021

Best Places to Live in Canada in 2021

Table of contents

    Published 26/02/2021 15:02 EST
    Updated 08/07/2021 10:07 EST

    Canada is filled with beautiful places to live and work from coast to coast, yet there’s no doubt that affordability varies considerably between cities and even provinces. We took a look at the best places to buy a home based on average house prices versus median household income, and developed this Top 10 list of the best places to live in Canada in 2021. 

    Of course, there are other important factors to consider, so we’ve also included extra information below to help you decide where to move if you’re thinking about relocating this year!

    *Please note that the numbers displayed below were last updated in February 2021*

    #1 Moncton

    Moncton is continually growing, with an increasing number of people moving here from other parts of Canada to take advantage of the lower house prices and cost of living. Surrounded by natural beauty, and the commercial hub of the Maritimes, Moncton appeals to a vast array of people who call the city home.

    Population: 71,899

    Median Household Income: $74,240

    Average Home Price: $213,000

    Best City for: People who appreciate the friendly Atlantic Canada vibe.

    Worst City for: People who don’t enjoy harsh winters.

    City

    Moncton, New Brunswick

    Population (2016)

    71,899

    Land Area (km2)

    141.92

    Population density (per km2)

    506.5

    Minimum wage

    $11.70

    Median household income (2017)

    $74,240

    Unemployment rate (Feb 2020)

    5.3%

    Unemployment rate (Jul 2020)

    8.2%

    Average house price

    $213,000

    Average monthly rent (1 bed)

    $883

    Estimated cost of living (single person, with rent)

    $1,924

    Crime rate (incidents per 100,000)

    8,220

    Median age

    45

    Average yearly rainfall

    842mm

    Average yearly snowfall

    282cm

    Temperature high and low

    35C to -34C

    #2 St John’s

    St John’s is the capital of Newfoundland and Labrador. Its harbour was settled by the British in the 1600s. Downtown is known for its colourful row houses. Above the city is Signal Hill with walking trails and the site of the first transatlantic wireless communication, Cabot Tower, which commemorates John Cabot’s discovery of Newfoundland.

    Population: 108,860

    Median Household Income: $69,455

    Average Home Price: $239,500

    Best City for: People who appreciate the friendly fishing culture and oceanside living.

    Worst City for: People who don’t enjoy lots of snow.

    City

    St John’s, Newfoundland

    Population (2016)

    108,860

    Land Area (km2)

    445.88

    Population density (per km2)

    244.1

    Minimum wage

    $11.65

    Median household income (2017)

    $69,455

    Unemployment rate (Feb 2020)

    8.1%

    Unemployment rate (Jul 2020)

    11.7%

    Average house price

    $239,500

    Average monthly rent (1 bed)

    $854

    Estimated cost of living (single person, with rent)

    $2,264

    Crime rate (incidents per 100,000)

    5,508

    Median age

    40.4

    Average yearly rainfall

    1,157mm

    Average yearly snowfall

    234cm

    Temperature high and low

    28C to -20C

    #3 Edmonton

    Edmonton is the fifth largest city in Canada and the capital of Alberta. It’s one of the youngest and fastest-growing cities in the country. Edmonton is located on the North Saskatchewan River and is the northernmost city in North America. 

    Population: 932,546

    Median Household Income: $87,225

    Average Home Price: $319,900

    Best City for: People who enjoy fine cuisine as Edmonton is popular for diverse culinary offerings.

    Worst City for: People who don’t enjoy a younger crowd.

    City

    Edmonton, Alberta

    Population (2016)

    932,546

    Land Area (km2)

    685.25

    Population density (per km2)

    1,360.9

    Minimum wage

    $15.00

    Median household income (2017)

    $87,225

    Unemployment rate (Feb 2020)

    7.8%

    Unemployment rate (Jul 2020)

    15%

    Average house price

    $319,900

    Average monthly rent (1 bed)

    $910

    Estimate cost of living (single person, with rent)

    $2,356

    Crime rate (incidents per 100,000)

    8,779

    Median age

    35.7

    Average yearly rainfall

    383mm

    Average yearly snowfall

    107cm

    Temperature high and low

    23C to -36C

    #4 Quebec City

    Population: 531,902

    Median Household Income: $66,200

    Average Home Price: $254,700

    Best City for: People who appreciate culture and historic areas.

    Worst City for: People who don’t have strong French skills. Quebec City is a very francophone place.

    City

    Quebec City, Quebec

    Population (2016)

    531,902

    Land Area (km2)

    453.38

    Population density (per km2)

    1,173.2

    Minimum wage

    $13.10

    Median household income (2017)

    $66,200

    Unemployment rate (Feb 2020)

    4.1%

    Unemployment rate (Jul 2020)

    8.6%

    Average house price

    $254,700

    Average monthly rent (1 bed)

    $883

    Estimated cost of living (single person, with rent)

    $2,009

    Crime rate (incidents per 100,000)

    3,075

    Median age

    N/A

    Average yearly rainfall

    899mm

    Average yearly snowfall

    303cm

    Temperature high and low

    35C to -36C

    #5 Saint John 

    Saint John is a city on the Bay of Fundy. It’s known for the Reversing Rapids, a phenomenon caused by bay tides colliding with the Saint John River. Food and craft stalls fill the Saint John City Market, in an 1876 building. On a peninsula nearby, trails wind through Irving Nature Park’s salt marshes, volcanic rock and forests. The 1913 Imperial Theatre stages plays, concerts and dance. 

    Population: 67,575

    Median Household Income: $52,132

    Average Home Price: $200,961

    Best City for: People who want the cheapest place to buy a home.

    Worst City for: People who don’t enjoy long, cold winters.

    City

    Saint John, New Brunswick

    Population (2016)

    67,575

    Land Area (km2)

    315.96

    Population density (per km2)

    213.9

    Minimum wage

    $11.70

    Median household income (2017)

    $52,132

    Unemployment rate (Feb 2020)

    7.0%

    Unemployment rate (Jul 2020)

    9.8%

    Average house price

    $200,961

    Average monthly rent (1 bed)

    $814

    Estimated cost of living (single person, with rent)

    $2,016

    Crime rate (incidents per 100,000)

    4,215

    Median age

    44.2

    Average yearly rainfall

    1,076mm

    Average yearly snowfall

    239cm

    Temperature high and low

    34C to -34C

    #6 Calgary

    Calgary is a cosmopolitan Alberta city with numerous skyscrapers, owing its rapid growth to its status as the centre of Canada’s oil industry. It’s still, however, steeped in the western culture that earned it the nickname “Cowtown,” evident in the Calgary Stampede, its massive July rodeo and festival that grew out of the farming exhibitions once presented there. 

    Population: 1,239,220

    Median Household Income: $97,334

    Average Home Price: $410,000

     

    Best City for: People who enjoy both city and country living in one.

    Worst City for: People who don’t enjoy having an economy heavily influenced by the energy sector.

    City

    Calgary, Alberta

    Population (2016)

    1,239,220

    Land Area (km2)

    825.56

    Population density (per km2)

    1,501.1

    Minimum wage

    $15.00

    Median household income (2017)

    $97,334

    Unemployment rate (Feb 2020)

    7.4%

    Unemployment rate (Jul 2020)

    15.5%

    Average house price

    $410,000

    Average monthly rent (1 bed)

    $1,186

    Estimate cost of living (single person, with rent)

    $2,406

    Crime rate (incidents per 100,000)

    6,176

    Median age

    36.6

    Average yearly rainfall

    403mm

    Average yearly snowfall

    129cm

    Temperature high and low

    31C to -32C

    #7 Charlottetown

    Charlottetown is the capital of Prince Edward Island and is situated on the southern coast of the province. The Province House National Historic Site hosted the Charlottetown Conference of 1864, spurring the country’s birth. Victoria Row has shops, restaurants and the Confederation Centre of the Arts, with its musical based on “Anne of Green Gables.” Nearby is the Gothic Revival St Dunstan’s Basilica.

    Population: 36,094

    Median Household Income: $53,736

    Average Home Price: $277,000

     

    Best City for: People who enjoy a quaint, friendly atmosphere.

    Worst City for: People who don’t enjoy bridges or living on an island.

    City

    Charlottetown, PEI

    Population (2016)

    36,094

    Land Area (km2)

    44.34

    Population density (per km2)

    814.1

    Minimum wage

    $12.85

    Median household income (2017)

    $53,736

    Unemployment rate (Feb 2020)

    7.8%

    Unemployment rate (Jul 2020)

    13.6%

    Average house price

    $277,000

    Average monthly rent (1 bed)

    $1,350

    Estimate cost of living (single person, with rent)

    $2,093

    Crime rate (incidents per 100,000)

    N/A

    Median age

    42.8

    Average yearly rainfall

    1,170mm

    Average yearly snowfall

    224cm

    Temperature high and low

    31C to -19C

    #8 Hamilton

    Hamilton is a Canadian port city on the western tip of Lake Ontario. The Niagara Escarpment, a huge, forested ridge known locally as “the mountain” and dotted with conservation areas and waterfalls, divides the city. The long-distance Bruce Trail runs along the escarpment. HMCS Haida, a naval warship on the city’s lakefront, and the Canadian Warplane Heritage Museum in the south, trace Canada’s military past. 

    Population: 536,917

    Median Household Income: $88,124

    Average Home Price: $504,101

    Best City for: People who enjoy upcoming hot spots.

    Worst City for: People who don’t enjoy hills and one-way streets.

    City

    Hamilton, Ontario

    Population (2016)

    536,917

    Land Area (km2)

    1,117.29

    Population density (per km2)

    480.6

    Minimum wage

    $14.00

    Median household income (2017)

    $88,124

    Unemployment rate (Feb 2020)

    4.9%

    Unemployment rate (Jul 2020)

    11.3%

    Average house price

    $504,101

    Average monthly rent (1 bed)

    $1,367

    Estimated cost of living (single person, with rent)

    $2,280

    Crime rate (incidents per 100,000)

    3,953

    Median age

    49.1

    Average yearly rainfall

    516mm

    Average yearly snowfall

    97cm

    Temperature high and low

    29C to -23C

    #9 Ottawa

    Ottawa is Canada’s capital, located in the eastern part of southern Ontario near the city of Montreal and the US border. Sitting on the Ottawa River, it has at its centre Parliament Hill, with grand Victorian architecture and museums such as the National Gallery of Canada, with noted collections of indigenous and other Canadian art. The park-lined Rideau Canal is filled with boats in summer and ice-skaters in winter. 

    Population: 934,243

    Median Household Income: $85,981

    Average Home Price: $575,600

    Best City for: People who enjoy celebrating Canadian culture, including a huge Canada Day display complete with incredible fireworks.

    Worst City for: People who don’t enjoy a small city atmosphere, despite its higher population.

    City

    Ottawa, Ontario

    Population (2016)

    934,243

    Land Area (km2)

    2,790.3

    Population density (per km2)

    334.8

    Minimum wage

    $14.00

    Median household income (2017)

    $85,981

    Unemployment rate (Feb 2020)

    4.2%

    Unemployment rate (Jul 2020)

    9.2%

    Average house price

    $575,600

    Average monthly rent (1 bed)

    $1,600

    Estimated cost of living (single person, with rent)

    $2,784

    Crime rate (incidents per 100,000)

    3,898

    Median age

    40.1

    Average yearly rainfall

    882mm

    Average yearly snowfall

    279cm

    Temperature high and low

    34C to -26C

    #10 London

    London is in southwestern Ontario, just north of Lake Erie and the US border, and home to the University of Western Ontario. Among the city’s range of museums are Museum London, a showcase for regional art and historical artefacts, and the interactive Children’s Museum. The city centre features numerous parks and greenways along the Thames River. 

    Population: 383,822

    Median Household Income: $62,011

    Average Home Price: $484,884

    Best City for: People who enjoy nature by the city.

    Worst City for: People who don’t enjoy a university town.

    City

    London, Ontario

    Population (2016)

    383,822

    Land Area (km2)

    420.35

    Population density (per km2)

    913.1

    Minimum wage

    $14.00

    Median household income (2017)

    $62,011

    Unemployment rate (Feb 2020)

    4.9%

    Unemployment rate (Jul 2020)

    10.5%

    Average house price

    $484,884

    Average monthly rent (1 bed)

    $1,230

    Estimated cost of living (single person, with rent)

    $2,202

    Crime rate (incidents per 100,000)

    5,963

    Median age

    39.3

    Average yearly rainfall

    846mm

    Average yearly snowfall

    194cm

    Temperature high and low

    33C to -25C

    Ready to get started?

    In just a few clicks you can see our current rates. Then apply for your mortgage online in minutes!

    Share:

    Related articles in: Lifestyle