Top 10 Most expensive cities to live in Canada

Canada's most populated cities ranked from most expensive to cheapest

1. Vancouver

Population: 2,642,825
Average 1-bed apartment rent:$2,675
Average home price: $1,197,700
Cost of living: $3793.63

Vancouver is our number one most expensive place to live in Canada and also one of the most populated cities in Canada, with a population of 2,642,825. According to the Vancouver Economic Commission, Vancouver has the fastest-growing and most diverse economy in Canada, which stayed strong even during the pandemic. The city’s economy relies on various competitive sectors like technology, film, digital entertainment, and the green economy.

Statcan (2021), Zumper (Aug 2024), Realtor (Aug 2024) & MovingWaldo (Aug 2024)

“As a local expert real estate agent in Vancouver, I can confirm that while we often top the charts as one of the most expensive cities in the world, we’re also consistently ranked among the best places to live globally—and for good reason. With its breathtaking natural surroundings, vibrant culinary scene, a resilient and diverse economy, and an unmatched outdoor lifestyle, Vancouver attracts people from all over the world. Having personally filmed over 60 neighbourhoods across Metro Vancouver and helped numerous families from around the globe relocate here, I’ve seen firsthand why Vancouver remains such a sought-after destination.”

Vancouver, British-Columbia

2. Toronto

Population: 3,025,647
Average 1-bed apartment rent: $2,369
Average home price: $1,097,300
Cost of living: $3,523.17

Toronto, Canada’s largest city, is a global powerhouse in business, finance, technology, entertainment, and culture. Known for its immense multiculturalism, with a diverse population of immigrants from around the world, Toronto stands as one of the most culturally varied cities globally. Moreover, Toronto is surrounded by natural beauty, with the great lakes, parks, and picturesque landscapes providing a balance to its urban vibrancy.

Statcan (2021), Zumper (Aug 2024), Realtor (Aug 2024) & MovingWaldo (Aug 2024)

“As a born-and-raised Torontonian, I absolutely love selling real estate in this city. Despite the high prices, there is an amazing quality of life. Torontonians benefit from a remarkable amount of world-class restaurants, a diverse cultural scene, amazing live theatre and concerts featuring the world’s top artists, and there is no shortage of festivals and events. To top it all off, what many don’t realize until they get up in the sky is that Toronto is incredibly green! There are parks, nature trails, and an incredible amount of mature trees throughout the city.”

Toronto, ON

3. Mississauga

Population: 717,961
Average 1-bed apartment rent: $2,268
Average home price: $1,082,400
Cost of living: $3,589.32

Mississauga is a thriving economic hub, hosting numerous businesses, corporations, and industries. The city’s economic prosperity attracts a skilled workforce and contributes to a higher cost of living. However, it offers a range of amenities, services, and cultural attractions, contributing to the overall quality of life. The Credit River Valley, with its clean waters, provides scenic parkland for recreational activities, and with over 500 parks and 71 scenic trails in the Mississauga area, it ensures a memorable stay, whether for an activity-packed weekend or a relaxing getaway.

Statcan (2021), Zumper (Aug 2024), CREA (July 2024) & Numbeo (Aug 2024)

“As a local realtor, I’m excited to share that Mississauga offers a perfect balance of urban amenities and natural beauty, with a thriving business district, excellent shopping, and diverse cultural attractions. The city is known for its welcoming, multicultural community, offering a wide range of dining options, festivals, and events. With beautiful parks, waterfront trails, and top-rated schools, Mississauga is an ideal place for families and professionals alike.”

Mississauga, ON

4. Brampton

Population: 656,480
Average 1-bed apartment rent: $2,060
Average home price: $999,000
Cost of living: $2,960.07

Brampton’s real estate market, similar to much of the Greater Toronto Area, faces strong demand coupled with limited housing supply. This imbalance frequently results in higher home prices. According to CBC News, rental costs are going up faster in Brampton than any other Canadian city. Data shows Brampton is not only one of the most expensive cities to live in Canada but also ranks as Ontario’s most expensive city for car insurance. However, Brampton’s proximity to Toronto provides locals with access to the economic and cultural offerings of a major metropolitan area while enjoying a more suburban lifestyle.

Statcan (2021), Zumper (Aug 2024), Zolo (2024) & Numbeo (Aug 2024)

“As a local real estate expert, community organizer, and Brampton resident since the 1980s, I’ve seen this incredible city evolve in so many ways. Despite the high cost of living, it continues to be a fantastic place to call home. Our park system is second to none, even attracting attention from urban planners around the world. Brampton truly offers a wealth of recreational opportunities. Here, you can skate, swim, ski, treetop trek, fly a plane, and even go horseback riding—all in a single day. Brampton really is a hidden gem in the GTA.”

Brampton, ON

5. Hamilton

Population: 785,184
Average 1-bed apartment rent: $1,700
Average home price: $843,500
Cost of living: $3,263.22

Hamilton’s proximity to the breathtaking Niagara Falls and the scenic Bruce Trail appeals to nature lovers, offering abundant opportunities for outdoor activities. Hamilton stands out for its strategic location between Toronto and Niagara adds to its appeal, making it an ideal choice for those seeking a harmonious blend of city life and natural beauty. However, being close to Toronto, Hamilton experiences spillover effects from Toronto’s high housing costs, impacting the overall cost of living.

Statcan (2021), Zumper (Aug 2024), CREA (July 2024) & Numbeo (Aug 2024)

“Born and raised in Hamilton, and selling real estate here since 2005, I have seen many changes over the years, including the city’s growing population, currently at 785,184. Population isn’t the only thing going up—the average rent for a 1-bedroom apartment is now around $1,700, and the average price of a detached home is $843,500. With a cost of living around $3,263.22 per month, it remains more affordable than Toronto, attracting new residents seeking both value and lifestyle.

If you think Hamilton is just the industry you see as you drive over the Skyway Bridge, think again. For nature lovers, Hamilton is a great place to call home. The Bruce Trail, which stretches 900 km across Ontario, cuts right through the city and is easily accessible from many neighborhoods. Ample bike trails, hikes, waterfront trails, beach areas, and waterfalls offer amazing opportunities to get outside year-round. Music and the arts are your thing? We’ve got that too! Both have flourished over the years with venues like The Casbah and Mills Hardware showcasing local talent, while the Art Gallery of Hamilton remains a cultural hub. Our restaurant scene is thriving too, with standout spots like Applada Greek Fusion Restaurant, Quatrefoil, Bardo, and Berkeley North drawing food lovers from all over. Great breweries like Fairweather, Grain and Grit, Collective Arts, and Shawn and Ed’s are local gems making their mark on the craft beer industry. Curious about the city and everything it offers? Reach out to me anytime!”

Hamilton, ON

6. Ottawa

Population: 1,017,449
Average 1-bed apartment rent: $1,998
Average home price: $648,900
Cost of living: $3,262.47

Ottawa joins the list of expensive cities in Ontario, making it one of the most expensive places to live in Canada. Although it is cheaper than other cities on this list, it still ranks above most places in Canada. Ottawa is the capital city of Canada, which makes it home to Parliament Hill. For this reason, many people who desire to work for the Government of Canada relocate here. Its status as the national capital attracts a high concentration of government and diplomatic activities, contributing to a higher cost of living.

Statcan (2021), Zumper (Aug 2024), CREA (July 2024) & Numbeo (Aug 2024)

“Ottawa may be one of Canada’s pricier markets, but it stands out for its affordability and quality of life. The housing market here is stable, backed by the federal government and a growing tech sector, which attracts buyers who value lifestyle, education, and job security. With its natural beauty, vibrant culture, and unique bilingual charm, Ottawa truly offers a balanced blend of everything that makes Canadian cities special.”

Ottawa, ON

7. Calgary

Population: 1,481,806
Average 1-bed apartment rent: $1,841
Average home price: $588,600
Cost of living: $3,209.90

Calgary’s allure is heightened by its proximity to Banff National Park, just over an hour’s drive away. Banff offers residents of Calgary easy access to outdoor activities like hiking, skiing, and wildlife watching. This proximity to breathtaking natural settings enhances the overall lifestyle of Calgary, making it an appealing choice for those who value the beauty of nature and seek outdoor adventures. Calgary’s economic success, particularly in the energy sector, has led to increased demand for housing and services, impacting the cost of living. According to Calgary News, rent is rising in Alberta due to a significant population boom. In the fourth quarter of 2021 and 2022, net migration surged by 221%, bringing in 120,000 people to the province, driving up demand for housing and contributing to increased rent.

Statcan (2021), Zumper (Aug 2024), CREA (July 2024) & Numbeo (Aug 2024)

Calgary, Alberta

8. Montreal

Population: 3,675,219
1-bedroom apt average rent price: $1,776
Average home price: $533,100
Cost of living: $2,665.56

Montreal thrives on its diverse population, creating a multicultural vibe that embraces different traditions, languages, and customs. The city’s bilingual nature, with both French and English widely spoken, offers a special cultural experience, encouraging diverse interactions and language growth. Famous for its lively cultural scene, Montreal hosts countless festivals, art venues, theaters, and a variety of delicious foods, making life vibrant and exciting for residents.This city ranks lower on our list of the most populated cities in Canada, ordered from most expensive to cheapest, because it is relatively more affordable than others. Additionally, it offers numerous parks and green spaces, providing locals with areas for relaxation, recreation, and outdoor activities.

Statcan (2021), Zumper (Aug 2024), CREA (July 2024) & MovingWaldo (Aug 2024)

“As a local expert Real Estate agent in Montreal, I can confidently say that this city offers a dynamic and welcoming environment for individuals and families alike. With a wide range of housing options, from charming condos to spacious single-family homes, Montreal provides opportunities for everyone, whether you’re a first-time buyer or an experienced investor. The city’s extensive metro system and convenient public transportation make it easy to navigate, ensuring accessibility to all corners of Montreal.

What sets Montreal apart is its commitment to creating safe and inclusive neighborhoods. With low crime rates and active community engagement, residents enjoy a sense of security and belonging. Additionally, recent city initiatives, such as the development of eco-friendly green spaces and infrastructure improvements, continue to enhance the quality of life for everyone. Whether you’re looking for a vibrant urban setting or a quieter suburban lifestyle, Montreal has it all—and I’m here to guide you every step of the way in finding your ideal home.”

Montreal, Quebec

9. Edmonton

Population: 1,418,118
Average 1-bed apartment rent: $1,397
Average home price: $399,700
Cost of living: $2,635

Edmonton offers a range of attractions and conveniences that make it a great place to live. Just a few hours’ drive from the Rockies, it provides easy access to stunning natural landscapes. Sports enthusiasts can catch an Edmonton Oilers game, while food lovers can explore various restaurants offering diverse cuisines and major chain stores. Home to the largest mall in Canada, the Mall of America, shopping opportunities are virtually limitless.The city has good schools and a network of scenic trails for biking or walking along the picturesque River Valley, which is possibly set to become an urban national park and is the largest urban park in the world. As a key hub in Canada’s oil and gas industry, Edmonton benefits from low gas prices. With minimal traffic, low taxes, and an expanding LRT system for improved transportation, commuting is stress-free. Housing remains highly affordable, with condos available for under $200,000, allowing for homeownership at rental prices.

Statcan (2021), Zumper (Aug 2024), CREA (July 2024) & Numbeo (Aug 2024)

Edmonton, Alberta

10. Winnipeg

Population: 834,678
Average 1-bed apartment rent: $1,381
Average home price: $361,600
Cost of living: $2,696.70

Winnipeg is known for its affordable housing, making it an attractive option for those locals seeking a reasonable cost of living. The city is also known for its cultural diversity, evident in its festivals, food events, and community events. Despite being more affordable than some other cities, Winnipeg’s stable economy and job market can still contribute to a higher cost of living compared to smaller cities. As of November 2023, the average cost of buying a property in Winnipeg is $332,700, while the average monthly rent for a 1-bedroom apartment is $1,287 in December 2023. If you want to live comfortably in this place, it is essential to know that the cost of living here is $2,135.10 per month.

Statcan (2021), Zumper (Aug 2024), CREA (July 2024) & MovingWaldo (Aug 2024)

Winnipeg, Manitoba

Top 10 Most expensive cities to live in Canada – 2024

Methodology

Canada's most populated cities ranked from most expensive to cheapest

1. Vancouver

2. Toronto

3. Mississauga

4. Brampton

5. Hamilton

6. Ottawa

7. Calgary

8. Montreal

9. Edmonton

10. Winnipeg

Conclusion:

Last year’s ranking (2024)

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