Maple News reports that a recent ranking highlights Canada’s most cost-effective provinces to live in while enjoying a high quality of life in 2025. The report, compiled by Montreal-based moving company MovingWaldo, evaluated provinces based on factors such as overall cost of living, rental and housing prices, and neighborhood safety.
Topping the list is Newfoundland and Labrador, recognized for having the lowest average monthly cost of living at $2,411.87 and the most affordable average rent for a one-bedroom apartment at $845. Its average home price of $297,000 also makes it appealing for those looking to settle in Canada affordably without compromising on lifestyle.
Following closely is New Brunswick, where the average monthly cost of living stands at $2,341.21, with relatively moderate rental and housing prices. Saskatchewan, Manitoba, and Prince Edward Island also rank highly due to their balanced living costs, making them strong choices for families and newcomers.
On the higher end, Nova Scotia showed the highest monthly expenses at $3,101.53, driven in part by escalating rental markets averaging $2,100 for a one-bedroom unit—though it still offers compelling quality of life in return.
Here’s a quick comparison of key living costs for 2025:
– Newfoundland and Labrador: Rent – $845, Home – $297,000
– New Brunswick: Rent – $1,274, Home – $308,800
– Saskatchewan: Rent – $1,228, Home – $344,800
– Manitoba: Rent – $1,381, Home – $376,770
– Prince Edward Island: Rent – $850, Home – $365,600
– Quebec: Rent – $1,776, Home – $525,732
– Nova Scotia: Rent – $2,100, Home – $564,000
The report reinforces the attractiveness of Canada’s smaller provinces for immigrants seeking economic stability, safety, and accessible housing—especially beneficial for international newcomers aiming to build a future in Canada.
Foreign nationals interested in settling in these provinces (outside Quebec) can explore pathways like the federal Express Entry system or the Provincial Nominee Programs (PNP), which are tailored to regional labor market needs and may provide more accessible options for those with lower CRS scores.
According to Maple News, these provinces not only provide affordability but also growing employment opportunities, strong community networks, and a high quality of life, making them desirable destinations for immigrants, remote workers, and families alike.