These Are The 10 Most Expensive Canadian Cities To Live In

Price: $1,388

Undoubtedly one of the most beautiful and colorful Canadian cities, St. John’s boasts of 500 years’ worth of history. The perfect balance between the fast-paced life of the big city and the provincial charm of small cities, St. John’s has become a tourist destination because of its quaint town and its renowned jellybean houses. 

Living here is an altogether different scene. An 85-meter housing will cost individuals $1,388 for rent alone, while utilities clock in at an average of $318 for two people. Meanwhile, transportation costs for this city are roughly $80 per month.

Price: $1,455

The capital of Canada, Ottawa, is highly sought after for its central location, particularly to different jobs and offices in the government. Considered the fourth largest city in the country, this city holds a special place in the hearts of people. This is especially true as it was chosen by Queen Victoria herself to be Canada’s capital. 

As the capital reached the one-million mark, Ottawa unveiled a new slogan in 2019, which states, “Canada in one city.” This is because the city is considered as the melting pot of cultures and locations, which is a mishmash of suburban and rural areas. An 85-meter accommodation costs $1,455 with an additional $138 for utilities.

Price: $1,456

The fifth-largest city in Canada and the largest in the province of Alberta, Calgary brings together people from all walks of life during its beloved Stampede Festival. The 10-day event, which happens in July, features rodeo shows and other exhibits. It was started by ranchers in 1912. It began as an agricultural show for people to enjoy and gain more insight into the agricultural sector. 

Property wise, renting and purchasing can be quite expensive as this is dependent on the current economic standing of the industry, which mainly relies on the oil and gas sector. Accommodations in the Southwest and Northwest areas tend to command a higher price tag.

Price: $1,567

Known as the Harbour City, Nanaimo boasts of a long stunning shoreline that gives citizens and residents access to breathtaking ocean views wherever they go. It also houses the longest estuary found on Vancouver Island called the Nanaimo River estuary. 

Famous for its harbors and waters, Nanaimo draws in crowds for its highly anticipated whale-watching events together with wildlife tours. During the day, the bustling city is abundant with tourists and residents alike spending their time watching the waters.

Because trading and distribution are at the heart of this city, living in Nanaimo can be expensive, with an additional $96 for utilities. On the upside, traveling to the city center can be achieved in just a few minutes.

Price: $1,627

Touted by Reader’s Digest Canada as the third most expensive city to buy a house in, it’s no wonder that the place is considered one of the Canadian cities where the cost of living is also high. There may be a reason for this – the weather and the general climate of the city are quite favorable.

They experience a relatively balanced climate that’s perfect for growing plants. In fact, the city holds an annual flower count which dates back to the 1970s. 

In terms of median rents, the Times Colonist ranked Victoria as the sixth-most expensive city to live in 2018, taking into account the prices for one-bedroom apartments. The Times Colonist also considers Victoria to be the third priciest province in the whole of British Columbia.

Price: $1,633

Once known as Toronto Township for its proximity to Toronto, Mississauga is a thriving community and urbanized space that serves as a gateway and a bustling hub for both the younger and older generations. Its central location makes it a preferred choice among people, especially for the convenience it offers when it comes to traveling and commuting. 

However, because the place is close to Toronto, rent and other living expenses have been on the rise for a number of years. Because of this, more and more individuals are rethinking their choices and have been considering moving to another location outside of Mississauga.

Price: $1,800

As the capital of the Northwest Territories, Yellowknife is known for the opportunities it offers for many people. Whether for a personal or professional pursuit, individuals who are looking for their long-awaited breaks can find it in Yellowknife.

Those who want to live in a beautiful urban city with access to fishing and snow-related activities would definitely love this place. The city is also populated with educated professionals with one of the youngest average ages in the country.

Price: $1,831

Next in our list is Kelowna, British Columbia. Located on the Okanagan Lake, this city is home to superb destinations such as Okanagan wineries, excellent restaurants, and cozy craft breweries. It offers a good view of the Myra Canyon Trestles and mountainscape. 

When you choose to live in Kelowna, be ready to face the climate of the city. During summers, it is often hot and sunny, while winters are usually temperate. With plenty of sun throughout the year, residents enjoy a wide variety of fresh harvests such as apples, grapes, and peaches.

Price: $2,049

Known as the country’s largest city and North America’s most populated place, Toronto is seen as one of the most diverse Canadian cities. In fact, its motto says, “Diversity is Our Strength.” Because of this, you can expect a variety of cultures, languages, and cuisines. 

This place is also regarded as having a strong economy. So, individuals looking to work in Toronto will be glad to know that the city attracts various jobs and investments. It is also home to the University of Toronto, which is famous for its prestigious name and programs.

Price: $2,143

Topping this list is Canada’s third most populated city with 630,000 residents and a metropolitan population of 2.4 million. Despite having a large population, Vancouver is known for being one of the cleanest cities, but with expensive housing rates.

Summer in Vancouver is pretty warm and sunny, while winters are wet and mild. Perhaps one of the most notable characteristics of this place is that it is one of the closest cities to the United States. A 45-minute drive can bring you to the American border, while a 2.5-hour drive can lead you to Seattle, Washington.

Now that you know which Canadian cities are the most expensive places to live in, you can plan your move. With this nifty list, you can choose which city best suits your needs and your finances. What city would you like to live in?

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