It’s a dilemma faced by countless Canadians every year: you land the dream job only to be confronted by the nightmare of not being able to afford a home nearby. Very few cities manage to combine good employment prospects with cheap housing. In the big cities you’ll find the jobs but the cost of a house will be high and in the smaller places you’ll find the house but there won’t be enough work.
Labour market data from the Bank of Montreal and housing market analysis do, however, highlight five Canadian cities where you can enjoy the best of both. If you’re on the hunt for your perfect job, here are the top five cities where you’ll find the fantastic combo of jobs and homes…
5. Halifax, Nova Scotia
Nova Scotia’s capital has the third most affordable housing market in Canada, with an average price tag of $306,240. Unemployment has fallen to 6.1%, a drop of 0.5% on the previous year and amongst the lowest to be found in the country. The local economy has been going from strength to strength in recent years too, with a number of large private sector companies helping to boost the city’s income.
There are plenty of jobs in Halifax to be found in government services, trade, education and the professional services, with some of the biggest employers in the city including the Department of National Defence, the Port of Halifax, Irving Shipbuilding and Emera.
3 -. St John, New Brunswick
In joint third place alongside Ottawa, St John has been named the most affordable city in Canada and sits in the middle when it comes to jobs. The average place to live here costs just $172,547 – that puts a comfortable home well within the budgets of many. The labour market is comparatively small at around 67,000 jobs, but don’t be deterred by that. Find a job in St John and you’ll be well on your way to an even more spacious family home.
The city has a lot going for it too, with a thriving arts scene and huge investment in the IT and research sectors. St John still relies to a fair extent on its historic shipbuilding, manufacturing and transportation industries, but has also become home to a number of large call centers and telecommunication companies. If you’re on the lookout for jobs in tech, IT or tourism, you might have come to the right place.
3 -. Ottawa, Ontario
Ottawa’s jobs market has grown by 2.9% over the past year, an impressive figure which is well above the national average. The jobless rate has also defied the national trend and has tumbled from 6.6% to just 5.1%, so there are good job prospects for anyone looking to relocate here. To balance that out, however, the house prices are higher – the average cost of a home is $435,883, meaning you might have to compromise between the job and the property size.
Many of the jobs in Ottawa are IT based, but healthcare and engineering also feature highly on the jobs boards. Irving Shipbuilding and CGI are among the biggest employers in the city, so keep an eye on them if you’re looking to make a move to Ottawa for the next step in your career.
2. Quebec City, Quebec
Beautiful Quebec City comes in at second place on the list, with the average home here setting you back $245,000 – better news still, house prices don’t seem to be rising despite the fact that the city is creating jobs at three times the rate it is growing its population. The jobless rate is right down at 4.3%, a 0.7% drop on the same time last year.
Quebec’s family-friendly environment and strong cultural heritage make it a popular place to live, with jobs in Quebec mainly centred around tourism, defence, public administration, the services sector and commerce. The provincial government is the largest employer in the city, but around 10% of jobs are in manufacturing roles including chemicals, electronics and food processing. There are also some big names from the worlds of fashion and gaming located here, so a very diverse jobs offering.
1. Regina, Saskatchewan
Although it has been affected by the fall in the price of oil, Regina hits the number one spot for combining good jobs with affordable homes. Last year we saw jobs in Regina increase by 1.8% as the city fights back, and with the average home costing $346,990, you really could find the best of both worlds here.
Oil is, of course, still a major part of the jobs market in Regina, but so too are the agricultural and insurance industries. Provincial government also hire a lot of people, and the tourism industry is growing steadily. If you’re thinking about the next step of your career but also want a nice, comfortable house, this is possibly the best place to look in Canada.
Adzuna can’t help you get the keys to your perfect home, but we can help you unlock your potential and land that dream job. Search Adzuna for the very best jobs in these top five Canadian cities and then turn your attention to the real estate websites – you really could have the best of both worlds!