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Using labour market data from Bank of Montreal, and housing affordability data from Royal Bank of Canada and National Bank, we scored 15 of Canada’s major cities on their ability to provide jobs as well as affordable homes. It turns out government towns are a good place to find that balance. Four of the five best cities for jobs and affordable homes are provincial capitals: Few people consider the Maritimes these days when thinking of relocating, but Nova Scotia’s capital city has been adding jobs at a steady clip and Halifax has the third-most affordable housing market in the country. Government and tech jobs drive Ottawa’s labour market, and both have been doing well recently. Ottawa grew its number of jobs by an impressive 2.9 per cent in the past year. Its homes are the least affordable on this list, but the city has the country’s highest average income, so the locals can afford it. The oldest incorporated city in Canada is middle of the pack when it comes to the job market, but it’s the most affordable city in Canada in which to buy a home. Its small labour market (it has a total of 67,000 jobs) makes it less likely you’ll find work there, but if you do, you’ll be able to afford a lot of house. Median single-family house price: $245,000 Better brush up on your French skills if you want to join the party in Quebec’s capital city. And what a party it is: The city is growing jobs three times as quickly as it’s growing its population, and the unemployment rate is a very low 4.3 per cent. Despite this, house prices aren’t rising. Like Ottawa and Quebec City, Regina is yet another government town to make this list.
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