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Cost of Living
The Cost of Living in Niagara
The Canada Housing and Mortgage Corporation (CMHC) collects and compares data from municipalities across Canada. This link will bring you to a page that shows the average rental and house purchasing costs in Niagara. Click here for Niagara housing costs provided by CMHC. General information about Niagara is available from CMHC.
You will have many things to consider when looking at the cost of living, but one of the most important things to consider is the cost of housing. Compared to other municipalities in Southern Ontario and Toronto, Niagara is very reasonable when comparing housing prices. Below you will see a brief table showing the average cost for purchasing a home. For more specific details on the cost of living in Niagara, please go to NEDC (Niagara Economic Development Corporation) website for these and other details about the cost of living in Niagara.
Housing costs in Niagara are affordable compared to other locations within southern Ontario and the Greater Toronto area. The following list provides detail on the average cost for different types of housing.
| Detached Bungalow |
- three bedroom, one storey, one bathroom, one-car garage, full basement, 1,200 sq.ft., fully-serviced lot, varied construction style |
$155,000 to $170,000 |
| Executive Detached Two-Storey |
- four bedroom, two bathrooms, main floor family room, attached two-car garage, full basement, 2,000 sq.ft., fully serviced lot, varied construction style |
$230,000 to $251,000 |
| Standard Two-Storey |
- three-bedroom, detached garage, full basement, 1,500 sq.ft., fully-serviced lot, detached or semi-detached, varied construction style |
$154,000 to $161,000 |
| Standard Townhouse |
- condominium or freehold, townhouse, three bedrooms, living room, kitchen, 1 bathroom, one-car garage, full basement, 1,000 sq.ft., varied construction |
$99,000 to $131,000 |
| Senior Executive |
- two-storey, four or five bedrooms, three bathrooms, family plus other recrecreational rooms, full basement, attached two-car garage, 3,000+ sq.ft., varied construction |
$325,000 to $355,000 |
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