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cost of living canada

Here's how much it costs to live comfortably in Montreal in 2024, based on a new ranking

As the cost of living continues to rise in Quebec, many residents are exploring ways to manage the growing impact of inflation — whether by taking on multiple jobs, working extra hours, or seeking financial assistance through the Canada Revenue Agency and Revenu Québec. But would it surprise you to learn that Montreal is actually one of Canada's most affordable cities when compared to other urban centres?

MovingWaldo, a tech company focused on streamlining the residential moving process, recently ranked Canada’s 10 most populous cities based on their affordability. Using data from sources like the Canadian Real Estate Association, Realtor.ca, Zumper, and Numbeo, the report compared the cost of buying a home, renting a one-bedroom apartment, and the overall cost of living in each city.

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Here's how much you need to earn in Quebec to live comfortably in 2024

It's no secret that the cost of living in Quebec has many residents looking for ways to supplement inflation in Canada, whether it be taking on more hours at work, extra jobs or seeking financial aid from the Canada Revenue Agency and Revenu Quebec.

With day-to-day necessities rising in price, many are starting to wonder just how much you need to earn in Quebec to live comfortably, and we've got the answer.

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Here's how much it costs to live comfortably in Canada's biggest cities in 2024

Living in one of Canada's biggest cities might come with perks, but it also comes with a hefty price tag.

A recent report from MovingWaldo ranked the top 10 most populous cities in Canada by how expensive they are to live in, and let's just say, your wallet might be thanking you for living in Montreal. From the scenic mountains of Vancouver to the hustle and bustle of Toronto, the most expensive cities in Canada have a lot to offer — but some of the more affordable spots are hidden gems.

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cost of living canada

Montrealers have stopped buying these products because of ridiculously high prices

With prices for everything from groceries to entertainment skyrocketing, many Montrealers are cutting back on the stuff they once enjoyed.

MTL Blog recently asked our audience, "What's gotten so expensive in Montreal that you no longer purchase it?" The response was significant, with hundreds of people responding within just a few hours.

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This cosmopolitan city is the best place to live in Canada right now for high quality of life

If you're thinking of moving, you're probably basing the decision on factors like safety, cost of living, public transportation, cleanliness, job opportunities, education and the availability of recreational facilities and parks.

While a number of Canadian cities offer advantages in those areas, a new study puts one spot in Alberta at the top of the list. (Don't worry — Quebec did crack the top five.)

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Here's how much money you need to earn in 7 Quebec cities if you don't want to be broke

For almost a decade, the Institut de recherche et d'informations socioéconomiques (IRIS) has been calculating how much money you need to earn to "live with dignity" in seven different Quebec cities.

In other words, what sort of income is required to live relatively comfortably in Quebec, well above the poverty line, according to standards set by the Market Basket Measure (MBM), which is used by the government to develop "thresholds of poverty based upon the cost of a basket of food, clothing, shelter, transportation, and other items."

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Canada's 'Poverty Report Card' is out and Quebec's grade may surprise you

As Canadians struggle to keep up with the rising cost of living, a charity is giving each province its own "Poverty Report Card" — and, when it comes to issues like food insecurity and welfare, Quebec's grade stands out.

While the overall results paint a bleak picture, and Quebec's poverty reduction efforts are far from A+ worthy, we also aren't graduating at the bottom of this year's class. In fact, quite the opposite is true.

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The wealthiest cities in the world were ranked and two Canadian destinations made the cut

While Canada is rich in culture, history and tradition, it appears as if it's rich with, well… money, too. The wealthiest cities in the world were recently ranked and turns out Canada's got money, honey.

Henley & Partners, an investment migration consultancy, dropped its annual ranking of the Wealthiest Cities in the World for 2024, and two Canadian destinations managed to make the cut.

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Canada is raising permanent residence fees by 12% this month

The cost of living seems to only know one direction — up — and Canada’s pathway to permanent residency is not excluded. In a move that aligns more with inflation than the spirit of welcoming arms, Immigration, Refugees and Citizenship Canada (IRCC) is increasing the fees associated with the permanent resident application.

As of April 30, 2024, applicants will need to meet updated financial requirements, a change dictated by the past two years’ cumulative percentage increase in Canada’s Consumer Price Index.

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The Cheapest Places To Retire In Canada Were Ranked & This Quebec Destination Made The Cut

The cheapest places to retire in Canada were recently ranked and one city in Quebec managed to take the top spot.

Travel + Leisure released its list of the 10 Cheapest Places to Retire in Canada and Quebec City ranked number one, proving itself to be an enticing destination for Canadian seniors.

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These 7 Everyday Things Cost Way More In Canada Than Almost Anywhere Else

Canada was once renowned for its reasonable cost of living: minimal credit card fees, more affordable health care than the U.S., and budget-friendly housing, especially in Quebec. However, the things are changing. In 2023, when measured against the 50 priciest countries globally, Canada ranks in 25th place — nine spots below its southern neighbour.

Many countries face high inflation, but in Canada, these everyday items are especially costly:

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Canada's Cheapest Provinces To Live In Were Ranked & Quebec's Score Is Shameful

Quebec has often been regarded as a relatively affordable province, but that doesn't seem to be the case any longer. MovingWaldo, a Canadian company that provides moving services, dropped its list of the cheapest provinces in Canada in 2023 where you can spend less without having to sacrifice one's quality of life.

The list classified the 10 provinces in Canada from least to most expensive based on each region's average cost of living for non-family households utilizing data from sources including the Canadian Mortgage and Housing Corporation, the Canada Real Estate Association, Numbeo, Canadabuzz and RateHub.

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