Advantages of Settling in a Small Canadian City

Source – financialpost.com

  • “…While bidding wars have long been common in Toronto, now properties in smaller centres are regularly attracting multiple offers”

Advantages of settling in a mid-size or small Canadian city

Living in a small or mid-size city might not be the go-to option for everyone, but there are quite a few advantages to settling there. 

Here are four important ones to consider:

1. Low cost of living and affordable housing

Large cities are known for their high cost of living. No matter where you live, housing cost is a significant portion of monthly expenses for most individuals and families. As of April, 2020, it costs upwards of $2,200 per month to rent a one bedroom apartment in downtown Toronto and approximately $2,000 in Vancouver. When compared with mid-sized or smaller cities, you would be paying about $1,100 for a one bedroom apartment in Hamilton, ON, or approximately $1,300 in Whitehorse, YT. Arrive’s monthly living expenses calculator is a useful tool to budget for and check how much it would cost you to live in various Canadian cities. Small and mid-size cities offer most of the same public and private facilities as well as services found in the larger cities but with a lower cost of living.

2. Better quality of life

Smaller cities have less traffic, which means shorter commute times. They also offer the opportunity to enjoy the beautiful Canadian outdoors with easy access to activities like hiking or skiing. Overall, there’s better scope to find work-life balance in these towns. Small cities offer wide-open spaces and plenty of fresh air. Whether or not you can find public and private facilities in these areas depends on your proximity to the nearest large town. 

3. Lower unemployment rate and lesser job competition

Finding a job is one of the top priorities for most newcomers. Comparatively, while employment prospects have always been better in large cities, it’s important to recognize that smaller towns also offer good job opportunities. Many mid-size and small cities have an ageing population that is retiring soon and need to fill those vacancies. This means, in comparison to large cities like Toronto, smaller towns have a low unemployment rate. 

The job market in smaller and mid-size cities is also less competitive in comparison to big cities. Thus, as a newcomer, you may be able to find employment faster than you would in a large city like Toronto or Vancouver. Newer immigration programs like PNP, AIP, and RNIP are designed to attract newcomers with specific skill-sets that will be valuable to regional communities, which improves the prospects of being able to find employment in your field. 

List of some small Canadian cities

  • Sydney, Nova Scotia 
  • Corner Brook, Newfoundland and Labrador
  • Charlottetown, Prince Edward Island 
  • Moncton, New Brunswick
  • Trois-Rivières, Quebec 
  • Brandon, Manitoba 
  • Moose Jaw, Saskatchewan 
  • Red Deer, Alberta 
  • Kelowna, British Columbia

https://financialpost.com/executive/executive-summary/posthaste-sold-over-asking-home-sellers-in-these-cities-are-getting-the-most-over-list-price