Oh, Vancouver. There’s so much to enjoy in the city, but living in it is definitely a hard sell for most people. And that’s “sell” in a literal sense since it’s just so expensive to live there.
But for some people, the hustle and bustle of downtown just isn’t for them, those housing costs notwithstanding. If you’re on the hunt for a location that’s affordable and has a fantastic quality of life, then you’ll be pleased to know that the top five cheapest places to live in Metro Vancouver were just ranked.
TOP FIVE CHEAPEST PLACES TO LIVE IN METRO VANCOUVER
Ranked by Moving Waldo, this list is based on “the average cost of buying a property, the average rent for a 1-bedroom apartment, and the quality of life.”
5. PORT MOODY
Although known mostly for its fantastic hiking scene, the city itself offers plenty of affordable places to live, as well as year-round activities. Outdoor enthusiasts will adore all the trails that the neighbourhoods offer, especially considering that over 35% of its land being dedicated to green space. Local community festivals are also a regular fixture here, making the community vibe quite strong.
A 1-bedroom apartment costs around $2,345 to rent, and the average cost for buying a property is $1,197,700.
4. COQUITLAM
If you like a blend of urban and suburban living, then Coquitlam will be the place to be. There are plenty of parks and trail systems for those of you who like being one with nature, but also tons of urban centres for those of you who like that busy city feel. It’s a fantastic place to set your roots down as a family while also being suitable for those looking for a modern condominium.
A 1-bedroom apartment costs around $2,082 to rent, and the average cost for buying a property is $1,197,700.
3. NEW WESTMINSTER
Filled with rich cultural history, New Westminster is well-known for being a hub for all kinds of activities. From food to shopping to arts, this neighbourhood offers a range of fun, as well as easy access into other areas of Metro Vancouver. It’s a great place to be if you love the arts and exploring other hobby avenues.
A 1-bedroom apartment costs around $2,005 to rent, and the average cost for buying a property is $1,197,700.
2. LANGLEY
Fantastic for families, Langley is home to many single-family homes, apartments, and condominiums. The neighbourhood boasts loads of parks for the little ones and community centres that offer activities to keep the whole family entertained. There are also a number of well-regarded public schools in the area, like Alice Brown Elementary School and Langley Senior Secondary.
A 1-bedroom apartment costs around $1,866 to rent, and the average cost for buying a property is $999,100.
1. SURREY
At the very top of the list is Surrey, which is Metro Vancouver’s largest city with the second highest population. With loads of affordable housing options, it’s no wonder that people have been flocking to this neighbourhood. Surrey caters to all walks of life, no matter if you’re looking for the great outdoors or plenty of shopping. Located close to Vancouver, it’s also a great place if you’re commuting into the city for work.
A 1-bedroom apartment costs around $1,789 to rent, and the average cost for buying a property is $999,100.
