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quebec cost of living

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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To the surprise of no one, the cost of living has had a major impact on people's spending habits. For many Canadians, prioritizing savings or seeking financial aid has become essential. The Quebec government offers a range of financial aid programs for low-income residents including a solidarity tax credit, social assistance, and the basic income program, to name a few. Additionally, residents have the option of applying to the provincial Shelter Allowance Program, designed to assist those struggling to cover their rent.

The income required for a single Montrealer to live comfortably rose by 9% between 2022 and 2023, according to the Institut de Recherche et d’Informations Socioéconomiques (IRIS), which published the 2023 edition of its sustainable income report earlier this year. Considering factors such as annual rent, food, utilities (Hydro), transportation, phone, and internet services, IRIS determined that a Montrealer living alone would require an income of $32,252 in 2023. However, this figure may not reflect the reality for everyone in Quebec.

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When it comes to grocery shopping in Montreal, most of us do what we can to save money where we can, because life is getting more expensive here (like everywhere else). Nearly everyone has theories about where the savings are at the major chains and independent outlets, and nearly everyone has an opinion about Costco.

We've uncovered some of the best deals at Costco that will make both your wallet and belly equally as content. While Costco is known for its samples and cheap eats, the wholesaler offers products at a lower price point when compared to other Quebec grocery stores such as Walmart, IGA, and Maxi.

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With record inflation in Canada pushing up the cost of pretty much everything, it’s no surprise the Canadian housing market is also absolutely bonkers.

In the most recent edition of the Demographia International Housing Affordability (DIHA) report, the cost of buying a home in many Canadian cities has become "severely unaffordable," Montreal included!

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Quebec is set to give $500 to adult residents with an income of $100,000/year or less. The government says 6.4 million people will benefit from the payment, which will be made automatically through Revenu Québec.

The announcement is part of Quebec's 2022-23 budget presented by Finance Minister Eric Girard in late March.

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UPDATE: Quebec will give $500 to every adult who makes $100,000/year or less. Get the details here.

Quebec Finance Minister Eric Girard is set to present the province's next budget on March 22. François Legault has repeatedly suggested that it will include payments to Quebecers to offset the effects of inflation.

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If you're looking to change jobs or make a career shift, now may be the time.

We scoured the boards so you don't have to and found interesting jobs in Montreal that, according to the Government of Canada jobs bank, pay at least $100,000 annually.

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If you happened to blink at any point in the last two years you might have missed the moment when your dream of homeownership in the near future slipped away. The latest market report from the Quebec Professional Association of Real Estate Brokers shows Montreal home prices are still going up.

In February 2022, the median price of a single-family home in the Montreal area was $550,000 — 20% higher than it was in February 2021.

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