Canada’s top three most and least expensive cities by cost of basic needs by 2024

According to the Market Basket Measurement (MBM) data released by Statistics Canada at the end of NovemberThe cost of basic needs among all major Canadian cities assessed is highest in Calgary, Alberta, and lowest in Montreal, Québec.

As defined* by Statistics Canada (StatsCan), MBM data “are based on the cost of a specific basket of goods and services that represents a basic, modest standard of living for a reference family.”

For the provinces, Yukon and the Northwest Territories, the MBM reference family consists of “two adults with two children. [However]for Nunavut, the MBM reference family consists of two adults with three children.”

Find out if you are eligible for Canadian immigration

Please note that while the StatsCan data, published based on 2022 figures, also includes MBM data for regions in each province based on specific population thresholds – “less than 30,000” or “30,000 to 99,999” – this article will only focus on the major provincial cities identified. by name within the data set.

Where is the cost of basic needs highest across Canada?

By this measure, basic needs cost more in:

Calgary, Alberta: The total MBM threshold in this city is $55,771*

Vancouver, British Columbia: The total MBM threshold in this city is $55,727

Toronto, Ontario: The total MBM threshold in this city is $55,262

*According to a CTV News Story Since last month, Calgary’s MBM is up almost $4,000 from a year ago.

Where is the lowest cost of basic necessities in all of Canada?

According to this measure, basic needs cost less in:

Montreal, Quebec: The total MBM threshold in this city is $46,027

Brandon, Manitoba: The total MBM threshold in this city is $46,779

Saint John, New Brunswick: The total MBM threshold in this city is $48,468

The cost of basic needs in other major cities in Canada

The cost of basic needs in Canada will continue to be described below, focusing specifically on one major city in each province and territory that has not yet been covered in the article so far.

Saint John, Newfoundland and Labrador: $50,931

Charlottetown, Prince Edward Island: $51,033

Regina, Saskatchewan: $51,101

Halifax, Nova Scotia: $52,439

Whitehorse, Yukon: $59,124

Yellowknife, Northwest Territories: $66,991

Iqaluit, Nunavut: $118,787

The cost of living in Canada

Another November 2023 report from Rentals.ca shows that many of the same cities appear in a corresponding position with respect to where rental housing is most expensive across the country.

Rental housing is a key consideration for many recent immigrants to Canada, as well as newcomers in general, making it a priority for many of this country’s newest inhabitants.

According to Rent Report, Vancouver is the most expensive city in Canada to rent a one-bedroom ($2,872) and two-bedroom ($3,777) apartment.

Toronto received the title of Canada’s third most expensive city for property rentals, with a one-bedroom apartment costing an average of $2,607, while a two-bedroom apartment costs $3,424.

On the less expensive side, a city (Winnipeg) in the same province as Canada’s second-least expensive city for basic needs (Brandon, Manitoba) appeared among the five cheapest cities to rent a one- or two-bedroom apartment. According to the November Rent Report, the rent for a one-bedroom residence in Winnipeg was $1,282, while the rent for a two-bedroom residence was $1,692.

Read more about the most and least expensive cities for renters in Canada here.

Find out if you are eligible for Canadian immigration


reference: www.cicnews.com

Leave a Comment