{"id":57789,"date":"2024-03-06T13:52:00","date_gmt":"2024-03-06T18:52:00","guid":{"rendered":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/"},"modified":"2024-10-22T11:14:00","modified_gmt":"2024-10-22T15:14:00","slug":"how-to-find-affordable-housing-in-canadas-biggest-cities","status":"publish","type":"rbc_my_money_matter","link":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/","title":{"rendered":"Settling in Canada: How to Find Affordable Housing in Canada&#8217;s Biggest Cities"},"content":{"rendered":"<div class=\"wp-block-rbc-single-article-header\">\n\t<section class=\"section-grey cover pad-t-hlf\">\n\t\t<div class=\"section-inner w-half w-mob-full centered-margin cover section-grey pad-tb-0\">\n\t\t\t\t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/real-estate\/\">\n\t\t\t\t\t\t\t<span>Real Estate<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<h1 class=\"mar-b-hlf mar-t-0 mob-pad-lr-hlf h2 has-black-color\">Settling in Canada: How to Find Affordable Housing in Canada&#8217;s Biggest Cities<\/h1><p class=\"mar-b-0 mob-pad-lr-hlf author-text\">By Nancy Ripton<\/p>\t\t\t\t\t<div class=\"featured-image-wrapper pos-rel\">\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"930\" height=\"620\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164155.853-1.jpg?quality=80\" class=\" cover-image  wp-post-image\" alt=\"Man and woman stand in front of their house\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164155.853-1.jpg 930w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164155.853-1.jpg?resize=300,200 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164155.853-1.jpg?resize=768,512 768w\" sizes=\"auto, (max-width: 930px) 100vw, 930px\" \/>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t<\/section>\n\t<div class=\"article mar-t-dbl\">\n\t\t\t\t<section>\n\t\t\t<div class=\"section-inner socials-section\">\n\t\t\t\t<div class=\"top-socials-bar mob-mar-b-hlf\">    <div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n            <a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=Settling in Canada: How to Find Affordable Housing in Canada&#8217;s Biggest Cities &#038;body=Hi, I thought you might be interested in this article from RBC My Money Matters: https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/\">\n        <img decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-email.svg\"\n          alt=\"envelope icon\">\n        <span>\n          Email        <\/span>\n      <\/a>\n      <div class=\"social-button-wrapper sharing-copy-wrapper\">\n        <button class=\"sharing-custom sharing-copy\" data-url=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/\">\n          <img decoding=\"async\"\n            src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-related.svg\"\n            alt=\"copy icon\">\n          <span id=\"sharing-copyUrl-Label\">\n            Copy URL          <\/span>\n        <\/button>\n        <input type=\"text\" class=\"sharing-copy-text\" aria-labelledby=\"sharing-copyUrl-Label\">\n      <\/div>\n    <\/div>\n  <\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section>\n\t\t\t<div class=\"section-inner w-half w-mob-full centered-margin pad-tb-0 mob-mar-t-hlf mob-mar-b\">\n\t\t\t\t<p class=\"cover-pub-line text-xs mar-b-hlf\">Published March 6, 2024 \u2022 6 Min Read<\/p>\t\t\t<\/div>\n\t\t<\/section>\n\t<\/div>\n<\/div>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner w-half w-mob-full\" style=\"border-radius:0x\">\n<p>With affordable housing in Canada taking a much-publicized hit in recent months, many recent newcomers find themselves questioning whether buying a new home is even possible in today&#8217;s turbulent housing market.<\/p>\n\n\n\n<p>Of course, renting a home is still one affordable option. But if you&#8217;re looking to purchase, positive signs in the Canadian housing market indicate the potential for a smoother road for home buyers. Here&#8217;s how you can navigate the Canadian home buying process.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">If you&#8217;re dreaming about buying a home<\/h2>\n\n\n\n<p>The end of 2021 saw an imbalance in the Canadian housing market that favoured sellers. The result was a &#8220;hot sellers&#8217; market&#8221; where there fewer homes for sale, while demand among buyers was high. With home prices continuing to increase, this had an&nbsp;<a href=\"https:\/\/thoughtleadership.rbc.com\/the-great-affordability-squeeze-home-buyers-confront-rising-ownership-costs\/\" target=\"_blank\" rel=\"noopener\">effect on affordability<\/a>&nbsp;for many home buyers.<\/p>\n\n\n\n<p>But fortunately for newcomers saving to buy a new home, the&nbsp;<a href=\"https:\/\/thoughtleadership.rbc.com\/signs-of-market-rebalancing-loom-as-home-prices-continue-to-escalate\/\" target=\"_blank\" rel=\"noopener\">RBC Monthly Housing Market Update<\/a>&nbsp;says there are signs that a more balanced housing market may be coming. By March 2022, the number of homes on the Canadian housing market increased by 24% from January. Housing prices did continue to increase during this period, but there&#8217;s a chance that the Bank of Canada&#8217;s&nbsp;<a href=\"https:\/\/www.bankofcanada.ca\/2022\/06\/fad-press-release-2022-06-01\/\" target=\"_blank\" rel=\"noopener\">recent hike in its policy rate<\/a>&nbsp;\u2014 a move that increases mortgage rates \u2014 will result in less demand because fewer people may want to buy.<\/p>\n\n\n\n<p>All this means there&#8217;s potential for a more balanced housing market in 2022, according to&nbsp;<a href=\"https:\/\/thoughtleadership.rbc.com\/signs-of-market-rebalancing-loom-as-home-prices-continue-to-escalate\/\" target=\"_blank\" rel=\"noopener\">RBC Economics&#8217; Robert Hogue<\/a>. And with a balanced market, the Canadian housing market would no longer favour sellers over buyers.<\/p>\n\n\n\n<p>What does this mean for newcomers starting to save for a down payment on a home? With more properties on the market, your journey to buying a home in Canada may not be as far away as it seemed last year.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.rbc.com\/newcomers\/_assets-custom\/pdf\/Finding-a-Home-Guide-for-Newcomers.pdf\"><img loading=\"lazy\" decoding=\"async\" height=\"512\" width=\"1024\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/113076-WEB_131868_Newcomer_Home_0924_E.jpg?quality=80&amp;w=1024\" alt=\"Finding a Home Guide for Newcomers\" class=\"wp-image-90170\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/113076-WEB_131868_Newcomer_Home_0924_E.jpg 1600w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/113076-WEB_131868_Newcomer_Home_0924_E.jpg?resize=300,150 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/113076-WEB_131868_Newcomer_Home_0924_E.jpg?resize=768,384 768w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/113076-WEB_131868_Newcomer_Home_0924_E.jpg?resize=1024,512 1024w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/113076-WEB_131868_Newcomer_Home_0924_E.jpg?resize=1536,768 1536w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">If you&#8217;re ready to buy your first home in Canada<\/h3>\n\n\n\n<p>For newcomers ready to start the home buying journey, here are some tips to help make your road forward go more smoothly:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list default is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"is-style-default default\"><strong>Be prepared.&nbsp;<\/strong>It can be tempting to jump right to the house hunting phase of buying a new home, but there are a number of things you need to do first.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Down payment<\/strong>. To buy a home, you know you need a down payment, but how much should it be? It\u2019s preferable to have a down payment of at least 20% of the purchase cost of your new home. If you have less than 20%, you\u2019ll need to obtain&nbsp;<a href=\"https:\/\/www.cmhc-schl.gc.ca\/en\/consumers\/home-buying\/mortgage-loan-insurance-for-consumers\/what-is-mortgage-loan-insurance\" target=\"_blank\" rel=\"noreferrer noopener\">CMHC insurance<\/a>, also known as mortgage loan insurance. This type of insurance protects your mortgage lender if you default on your mortgage.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Additional costs<\/strong>. A down payment isn\u2019t the only thing you need to budget for when buying a new home. You\u2019ll also need to pay closing costs. Make sure you have a rough estimate of what you\u2019ll need to pay to close your home purchase deal. Your mortgage provider or real estate agent can help you estimate your closing costs.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Affordable price range<\/strong>. Don\u2019t know how much you can afford? Start by looking at the house prices in the areas you\u2019d like to move to, and compare it to your savings and household income. For more detail, you can use a tool like&nbsp;<a href=\"https:\/\/www.rbcroyalbank.com\/mortgages\/tools\/mortgage-affordability-calculator\/index.html\" target=\"_blank\" rel=\"noreferrer noopener\">RBC\u2019s Mortgage Affordability Calculator<\/a>&nbsp;to help figure out just how much home you can afford.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Mortgage pre-approval<\/strong>. When you obtain&nbsp;<a href=\"https:\/\/www.rbcroyalbank.com\/mortgages\/getting-preapproved.html\" target=\"_blank\" rel=\"noreferrer noopener\">mortgage pre-approval<\/a>, your lender is committing to lending you the funds you need, subject to certain conditions. A pre-approval gives you a good idea of your future monthly costs and shows sellers you have the funds available to back your offer. Many lenders also provide an option to lock in your mortgage rate for a specified period, which is useful when interest rates are expected to increase.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<p>To learn more about preparing your financials for your first home purchase in Canada, book an appointment with a <a href=\"https:\/\/www.rbcroyalbank.com\/dms\/enterprise\/newcomers\/meeting-place.html\" target=\"_blank\" rel=\"noopener\">RBC Newcomer Advisor<\/a>. RBC Newcomer Advisors can provide you one-on-one advice on all kinds of topics and are a great first step to settling into your new community.<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list default is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"is-style-default default\"><strong>Buying your new home.&nbsp;<\/strong>Once you&#8217;ve done the prep work, you can jump into the fun part of the home buying process: finding your new home.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Look at homes for sale<\/strong>. While it\u2019s possible to buy a new home on your own, many home buyers enlist the help of a real estate agent at this stage. You shouldn\u2019t need to worry about paying your agent\u2019s commission. In Canada, it\u2019s usually the seller who pays commissions to both their real estate agent and the buyer\u2019s agent.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Make your offer<\/strong>. When you find the right home for you, you\u2019ll need to make an offer. If you have a real estate agent, they\u2019ll help you with this part of the process. Your offer may be conditional on things like obtaining a house inspection. You may not need to pay for an inspection, but it\u2019s highly recommended. A professional home inspector may find problems with the home that others don\u2019t see.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Close the deal<\/strong>. Once your offer is accepted, you\u2019ll need to finalize your mortgage and retain a real estate lawyer to deal with the legal aspects of your purchase. Your lawyer will handle legally transferring ownership of the home to you. You\u2019ll also pay the down payment at this point and your closing costs.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">If you&#8217;re still going to rent for a while<\/h4>\n\n\n\n<p>During the pandemic, rental prices in many urban areas in Canada dropped due to an increased inventory of rentals. However, since that time, the number of available units is back to near pre-pandemic levels.<\/p>\n\n\n\n<p>In March 2022, Canadian rental properties averaged $1,820 per month, according to Rentals.ca&#8217;s&nbsp;<a href=\"https:\/\/rentals.ca\/national-rent-report\" target=\"_blank\" rel=\"noopener\">National Rent Report<\/a>. This represents an increase of 6.2% when compared to the average monthly rent of $1,714 in February 2021. But despite this, average asking rents have not yet increased to 2019 pre-pandemic levels.<\/p>\n\n\n\n<p>Here&#8217;s a snapshot of what rental prices looked like in March 2022 in the following Canadian cities:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list default is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"is-style-default default\">Vancouver had the highest average rental costs, averaging $3,050 per month for a 2-bedroom unit.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>In Toronto, the average rent for a 2-bedroom unit was $2,778.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>For Montreal, the average rent for a 2-bedroom unit was $1,994.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>In Calgary, the average rent for a 2-bedroom unit was $1,514.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>For Winnipeg, the average rent for a 2-bedroom unit was $1,435.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span id=\"added-diff-0\" class=\"diff-html-added\">Understand your eligibility to purchase<\/span><\/h4>\n\n\n\n<p><span class=\"diff-html-added\">Effective January 1, 2023, the Government of Canada will be placing certain restrictions on purchasing residential property in Canada by non-Canadians.<\/span><\/p>\n\n\n\n<p><span class=\"diff-html-added\">We recommend you speak with a lawyer\/ notary to confirm whether you&#8217;re eligible to buy residential property in Canada before you start your home search.&nbsp;<\/span><a href=\"https:\/\/laws.justice.gc.ca\/eng\/acts\/P-25.2\/page-1.html\" target=\"_blank\" rel=\"noopener\"><span class=\"diff-html-added\">Learn more<\/span><\/a><span class=\"diff-html-added\">.<\/span><\/p>\n\n\n\n<div class=\"wp-block-columns has-border-color has-grey-border-color has-light-grey-background-color has-background is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\" style=\"border-width:1px\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p>To find out more about how RBC can help towards buying your first home in Canada, visit RBC\u2019s&nbsp;<a href=\"https:\/\/www.rbcroyalbank.com\/mortgages\/essential-mortgage-information-for-newcomers.html\" target=\"_blank\" rel=\"noreferrer noopener\">Newcomer Mortgage Information Page<\/a>.<\/p>\n<\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapse834a1009\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapse834a1009\" data-dig-id=\"LP-57738-834a1009\" data-dig-category=\"LP\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"Things our lawyers want you to know\"><span>Things our lawyers want you to know<\/span><span>Things our lawyers want you to know<\/span><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapse834a1009\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<p>This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates.<\/p>\n<\/div>\n<\/div><\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-ae595adc-bf18-4456-9b6d-de7c6db5af09\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p class=\"has-text-align-center h5 mar-b\"><strong>Share This Article<\/strong><\/p>\n\n\n\n\t\t<div class=\"socials-block\">\n\t\t\t    <div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n            <a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=Settling in Canada: How to Find Affordable Housing in Canada&#8217;s Biggest Cities &#038;body=Hi, I thought you might be interested in this article from RBC My Money Matters: https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/\">\n        <img decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-email.svg\"\n          alt=\"envelope icon\">\n        <span>\n          Email        <\/span>\n      <\/a>\n      <div class=\"social-button-wrapper sharing-copy-wrapper\">\n        <button class=\"sharing-custom sharing-copy\" data-url=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/\">\n          <img decoding=\"async\"\n            src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-related.svg\"\n            alt=\"copy icon\">\n          <span id=\"sharing-copyUrl-Label\">\n            Copy URL          <\/span>\n        <\/button>\n        <input type=\"text\" class=\"sharing-copy-text\" aria-labelledby=\"sharing-copyUrl-Label\">\n      <\/div>\n    <\/div>\n  \t\t<\/div>\n\n\t\t\n\n\t\n\t<div class=\"wp-block-tk-spacer id-e559db99-7b82-4611-af60-8401fb5ffc6e\" aria-hidden=\"true\"><\/div>\n\t\n\n\n\t\t\t<div class=\"wp-block-rbc-single-post-topics related-topics-links\">\n\t\t\t\t<p class=\"h5 mar-r-hlf\">Topics:<\/p>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/home-ownership\/\" class=\"btn topic mar-t-0 mar-r-qtr mar-b-hlf\">Home Ownership<\/a>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/real-estate\/\" class=\"btn topic mar-t-0 mar-r-qtr mar-b-hlf\">Real Estate<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel mob-pad-t-dbl\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<h2 class=\"wp-block-heading mar-b mob-mar-b-dbl mar-t-0\" id=\"h-read-this-next\">Read This Next<\/h2>\n\n\n\t\t\t<div class=\"related-posts-type-2\">\n\t\t\t\t<div class=\"related-post-list\">\n\t\t\t\t\t<ul class=\"grid-wpr eh-wpr\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class= 'grid-one-third grid-tb-full grid-mob-full mar-b'>\n\t\t\t\t\t\t\t\t\t\t<article class=\"col-wpr mar-b-0 mar-r-0 mar-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"postcard-img-ctr post-card-image col-md-12 col-xs-6 mob-mar-b-0 pad-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/06\/Drive-Halifax-V-2.jpg?quality=80&amp;w=1024\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"The Drive Halifax\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/06\/Drive-Halifax-V-2.jpg 3840w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/06\/Drive-Halifax-V-2.jpg?resize=300,169 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/06\/Drive-Halifax-V-2.jpg?resize=768,432 768w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/06\/Drive-Halifax-V-2.jpg?resize=1024,576 1024w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/06\/Drive-Halifax-V-2.jpg?resize=1536,864 1536w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/06\/Drive-Halifax-V-2.jpg?resize=2048,1152 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\n    <div class=\"content-type-meta\">\n      <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/06\/icon-video-1.png?quality=80\" width=\"80\" height=\"76\" alt=\"icon-video\">\n      <p>4:24<\/p>\n    <\/div>\t\t<div class=\"content-type-meta\">\n\t\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/06\/icon-video-1.png?quality=80\" width=\"80\" height=\"76\" alt=\"icon-video\">\n\t\t\t<p>4:24<\/p>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"card-details mob-mar-b-0 mob-mar-t-0 pad-r-0 col-md-12 col-xs-6\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/drive\/\">\n\t\t\t\t\t\tThe Drive\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/drive\/new-beginnings-money-banking-and-building-your-future-in-canada\/\" class=\"card-title h4 mar-t-0\">New Beginnings: Money, Banking, and Building Your Future in Canada<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class= 'grid-one-third grid-tb-full grid-mob-full mar-b'>\n\t\t\t\t\t\t\t\t\t\t<article class=\"col-wpr mar-b-0 mar-r-0 mar-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"postcard-img-ctr post-card-image col-md-12 col-xs-6 mob-mar-b-0 pad-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/shutterstock_2413196147.jpg?quality=80&amp;w=1024\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"A newcomer volunteers to manage a local community event\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/shutterstock_2413196147.jpg 7373w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/shutterstock_2413196147.jpg?resize=300,169 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/shutterstock_2413196147.jpg?resize=768,432 768w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/shutterstock_2413196147.jpg?resize=1024,576 1024w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/shutterstock_2413196147.jpg?resize=1536,864 1536w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/shutterstock_2413196147.jpg?resize=2048,1152 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"card-details mob-mar-b-0 mob-mar-t-0 pad-r-0 col-md-12 col-xs-6\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/employment-in-canada\/\">\n\t\t\t\t\t\tEmployment in Canada\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/employment-in-canada\/why-newcomer-to-canada-should-volunteer\/\" class=\"card-title h4 mar-t-0\">Why newcomers to Canada should volunteer<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class= 'grid-one-third grid-tb-full grid-mob-full mar-b'>\n\t\t\t\t\t\t\t\t\t\t<article class=\"col-wpr mar-b-0 mar-r-0 mar-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"postcard-img-ctr post-card-image col-md-12 col-xs-6 mob-mar-b-0 pad-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"563\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/Newcomer-couple-asking-questions-to-a-realtor.jpg?quality=80&amp;w=1024\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Newcomer couple asking questions to a realtor\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/Newcomer-couple-asking-questions-to-a-realtor.jpg 7488w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/Newcomer-couple-asking-questions-to-a-realtor.jpg?resize=300,165 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/Newcomer-couple-asking-questions-to-a-realtor.jpg?resize=768,422 768w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/Newcomer-couple-asking-questions-to-a-realtor.jpg?resize=1024,563 1024w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/Newcomer-couple-asking-questions-to-a-realtor.jpg?resize=1536,844 1536w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/Newcomer-couple-asking-questions-to-a-realtor.jpg?resize=2048,1126 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"card-details mob-mar-b-0 mob-mar-t-0 pad-r-0 col-md-12 col-xs-6\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/\">\n\t\t\t\t\t\tSettling in Canada\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/questions-newcomers-should-ask-the-landlord-or-property-manager-before-you-rent\/\" class=\"card-title h4 mar-t-0\">Questions newcomers should ask the landlord or property manager before you rent<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n<\/section>\n<style class=\"advgb-styles-renderer\">\n\t\t.wp-block-tk-spacer.id-ae595adc-bf18-4456-9b6d-de7c6db5af09 {\n\t\theight: 96px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-ae595adc-bf18-4456-9b6d-de7c6db5af09 {\n\t\t\theight: 30px;\n\t\t}\n\t}\t\n\t\t.wp-block-tk-spacer.id-e559db99-7b82-4611-af60-8401fb5ffc6e {\n\t\theight: 60px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-e559db99-7b82-4611-af60-8401fb5ffc6e {\n\t\t\theight: 30px;\n\t\t}\n\t}\t<\/style>","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s how to navigate the challenges of finding a great home as a newcomer to Canada.<\/p>\n","protected":false},"author":80,"featured_media":67685,"parent":57306,"menu_order":0,"template":"","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"tags":[57,60],"rbc_content_type":[31],"rbc_audience":[59],"rbc_lob_group":[58],"rbc_difficulty_level":[33],"rbc_mmm_category":[314,316,359],"class_list":["post-57789","rbc_my_money_matter","type-rbc_my_money_matter","status-publish","has-post-thumbnail","hentry","tag-home-ownership","tag-real-estate","rbc_content_type-article","rbc_audience-newcomer","rbc_lob_group-mortgage","rbc_difficulty_level-beginner","rbc_mmm_category-life-events","rbc_mmm_category-new-to-canada","rbc_mmm_category-settling-in-canada"],"acf":{"contently_publication_id":"260935","custom_author":"Nancy Ripton","rbc_video_header":"","rbc_media_duration":"","rbc_video_keywords":"","rbc_video_description":"","rbc_video_upload_date":"","rbc_toc_for_mmm_tag":"h2","rbc_toc_for_mmm_limit":6,"rbc_toc_for_mmm":null,"rbc_toc_for_mmm_action":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<meta name=\"description\" content=\"Here&#039;s how to navigate the challenges and find a great home as a newcomer to Canada.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:description\" content=\"Here&#039;s how to navigate the challenges and find a great home as a newcomer to Canada.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/\" \/>\n<meta property=\"og:site_name\" content=\"RBC Royal Bank\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-22T15:14:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164155.853-1.jpg?quality=80\" \/>\n\t<meta property=\"og:image:width\" content=\"930\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/\"},\"author\":{\"name\":\"jacquelinewu\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/#\/schema\/person\/d055d46e444faf6863d781f24c107a5e\"},\"headline\":\"Settling in Canada: How to Find Affordable Housing in Canada&#8217;s Biggest Cities\",\"datePublished\":\"2024-03-06T18:52:00+00:00\",\"dateModified\":\"2024-10-22T15:14:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/\"},\"wordCount\":1166,\"image\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164155.853-1.jpg?quality=80\",\"keywords\":[\"Home Ownership\",\"Real Estate\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/\",\"url\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/\",\"name\":\"Settling in Canada: How to Find Affordable Housing in Canada's Biggest Cities - My Money Matters\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164155.853-1.jpg?quality=80\",\"datePublished\":\"2024-03-06T18:52:00+00:00\",\"dateModified\":\"2024-10-22T15:14:00+00:00\",\"description\":\"Here's how to navigate the challenges and find a great home as a newcomer to Canada.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/#primaryimage\",\"url\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164155.853-1.jpg?quality=80\",\"contentUrl\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164155.853-1.jpg?quality=80\",\"width\":930,\"height\":620,\"caption\":\"Man and woman stand in front of their house\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"My Money Matters\",\"item\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Life Events\",\"item\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"New to Canada\",\"item\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Settling in Canada\",\"item\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/\"},{\"@type\":\"ListItem\",\"position\":5,\"name\":\"Settling in Canada: How to Find Affordable Housing in Canada&#8217;s Biggest Cities\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/#website\",\"url\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/\",\"name\":\"RBC Royal Bank\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/#\/schema\/person\/d055d46e444faf6863d781f24c107a5e\",\"name\":\"jacquelinewu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/3321e8136810c69188cc4e33665518d781482ff9e3a346484c2892fdffef6ded?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3321e8136810c69188cc4e33665518d781482ff9e3a346484c2892fdffef6ded?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3321e8136810c69188cc4e33665518d781482ff9e3a346484c2892fdffef6ded?s=96&d=mm&r=g\",\"caption\":\"jacquelinewu\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"description":"Here's how to navigate the challenges and find a great home as a newcomer to Canada.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/","og_locale":"en_US","og_type":"article","og_description":"Here's how to navigate the challenges and find a great home as a newcomer to Canada.","og_url":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/","og_site_name":"RBC Royal Bank","article_modified_time":"2024-10-22T15:14:00+00:00","og_image":[{"width":930,"height":620,"url":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164155.853-1.jpg?quality=80","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/#article","isPartOf":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/"},"author":{"name":"jacquelinewu","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/#\/schema\/person\/d055d46e444faf6863d781f24c107a5e"},"headline":"Settling in Canada: How to Find Affordable Housing in Canada&#8217;s Biggest Cities","datePublished":"2024-03-06T18:52:00+00:00","dateModified":"2024-10-22T15:14:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/"},"wordCount":1166,"image":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164155.853-1.jpg?quality=80","keywords":["Home Ownership","Real Estate"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/","url":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/","name":"Settling in Canada: How to Find Affordable Housing in Canada's Biggest Cities - My Money Matters","isPartOf":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/#primaryimage"},"image":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164155.853-1.jpg?quality=80","datePublished":"2024-03-06T18:52:00+00:00","dateModified":"2024-10-22T15:14:00+00:00","description":"Here's how to navigate the challenges and find a great home as a newcomer to Canada.","breadcrumb":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/#primaryimage","url":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164155.853-1.jpg?quality=80","contentUrl":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164155.853-1.jpg?quality=80","width":930,"height":620,"caption":"Man and woman stand in front of their house"},{"@type":"BreadcrumbList","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"My Money Matters","item":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/"},{"@type":"ListItem","position":2,"name":"Life Events","item":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/"},{"@type":"ListItem","position":3,"name":"New to Canada","item":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/"},{"@type":"ListItem","position":4,"name":"Settling in Canada","item":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/"},{"@type":"ListItem","position":5,"name":"Settling in Canada: How to Find Affordable Housing in Canada&#8217;s Biggest Cities"}]},{"@type":"WebSite","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/#website","url":"https:\/\/www.rbcroyalbank.com\/en-ca\/","name":"RBC Royal Bank","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rbcroyalbank.com\/en-ca\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/#\/schema\/person\/d055d46e444faf6863d781f24c107a5e","name":"jacquelinewu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/3321e8136810c69188cc4e33665518d781482ff9e3a346484c2892fdffef6ded?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/3321e8136810c69188cc4e33665518d781482ff9e3a346484c2892fdffef6ded?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3321e8136810c69188cc4e33665518d781482ff9e3a346484c2892fdffef6ded?s=96&d=mm&r=g","caption":"jacquelinewu"}}]}},"parsely":{"version":"1.1.0","canonical_url":"https:\/\/rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Settling in Canada: How to Find Affordable Housing in Canada&#8217;s Biggest Cities","url":"http:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/how-to-find-affordable-housing-in-canadas-biggest-cities\/"},"thumbnailUrl":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164155.853-1.jpg?quality=80&w=150&h=150&crop=1","image":{"@type":"ImageObject","url":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164155.853-1.jpg?quality=80"},"articleSection":"Uncategorized","author":[{"@type":"Person","name":"jacquelinewu"}],"creator":["jacquelinewu"],"publisher":{"@type":"Organization","name":"RBC Royal Bank","logo":""},"keywords":["home ownership","real estate"],"dateCreated":"2024-03-06T18:52:00Z","datePublished":"2024-03-06T18:52:00Z","dateModified":"2024-10-22T15:14:00Z"},"rendered":"<script type=\"application\/ld+json\" class=\"wp-parsely-metadata\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Settling in Canada: How to Find Affordable Housing in Canada&#8217;s Biggest Cities\",\"url\":\"http:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/life-events\\\/new-to-canada\\\/settling-in-canada\\\/how-to-find-affordable-housing-in-canadas-biggest-cities\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/life-events\\\/new-to-canada\\\/settling-in-canada\\\/how-to-find-affordable-housing-in-canadas-biggest-cities\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/12\\\/2023\\\/09\\\/TD-2022-06-03T164155.853-1.jpg?quality=80&w=150&h=150&crop=1\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/12\\\/2023\\\/09\\\/TD-2022-06-03T164155.853-1.jpg?quality=80\"},\"articleSection\":\"Uncategorized\",\"author\":[{\"@type\":\"Person\",\"name\":\"jacquelinewu\"}],\"creator\":[\"jacquelinewu\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"RBC Royal Bank\",\"logo\":\"\"},\"keywords\":[\"home ownership\",\"real estate\"],\"dateCreated\":\"2024-03-06T18:52:00Z\",\"datePublished\":\"2024-03-06T18:52:00Z\",\"dateModified\":\"2024-10-22T15:14:00Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/rbcroyalbank.com\/p.js"},"featured_img":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164155.853-1.jpg?quality=80&w=930","coauthors":[],"author_meta":{"author_link":"https:\/\/www.rbcroyalbank.com\/en-ca\/author\/jacquelinewu\/","display_name":"jacquelinewu"},"relative_dates":{"created":"Posted 2 years ago","modified":"Updated 2 years ago"},"absolute_dates":{"created":"Posted on March 6, 2024","modified":"Updated on October 22, 2024"},"absolute_dates_time":{"created":"Posted on March 6, 2024 1:52 pm","modified":"Updated on October 22, 2024 11:14 am"},"featured_img_caption":"","tax_additional":{"post_tag":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/home-ownership\/\" class=\"advgb-post-tax-term\">Home Ownership<\/a>","<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/real-estate\/\" class=\"advgb-post-tax-term\">Real Estate<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Home Ownership<\/span>","<span class=\"advgb-post-tax-term\">Real Estate<\/span>"],"slug":"post_tag","name":"Tags"},"rbc_content_type":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/content-type\/article\/\" class=\"advgb-post-tax-term\">Article<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Article<\/span>"],"slug":"rbc_content_type","name":"Content Types"},"rbc_audience":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/audience\/newcomer\/\" class=\"advgb-post-tax-term\">Newcomer<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Newcomer<\/span>"],"slug":"rbc_audience","name":"Audiences"},"rbc_lob_group":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/lob-group\/mortgage\/\" class=\"advgb-post-tax-term\">Mortgage<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Mortgage<\/span>"],"slug":"rbc_lob_group","name":"LOB Groups"},"rbc_difficulty_level":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/difficulty-level\/beginner\/\" class=\"advgb-post-tax-term\">Beginner<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Beginner<\/span>"],"slug":"rbc_difficulty_level","name":"Difficulty Levels"},"rbc_mmm_category":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/mmm-category\/life-events\/\" class=\"advgb-post-tax-term\">Life Events<\/a>","<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/mmm-category\/new-to-canada\/\" class=\"advgb-post-tax-term\">New to Canada<\/a>","<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/mmm-category\/settling-in-canada\/\" class=\"advgb-post-tax-term\">Settling in Canada<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Life Events<\/span>","<span class=\"advgb-post-tax-term\">New to Canada<\/span>","<span class=\"advgb-post-tax-term\">Settling in Canada<\/span>"],"slug":"rbc_mmm_category","name":"Categories"},"ep_custom_result":{"linked":[],"unlinked":[],"slug":"ep_custom_result","name":"Custom Results"}},"series_order":"","jetpack_sharing_enabled":true,"primary_tag":"60","primary_rbc_mmm_category":"359","_links":{"self":[{"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter\/57789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter"}],"about":[{"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/types\/rbc_my_money_matter"}],"author":[{"embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/users\/80"}],"version-history":[{"count":3,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter\/57789\/revisions"}],"predecessor-version":[{"id":90173,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter\/57789\/revisions\/90173"}],"up":[{"embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter\/57306"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/media\/67685"}],"wp:attachment":[{"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/media?parent=57789"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/tags?post=57789"},{"taxonomy":"rbc_content_type","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_content_type?post=57789"},{"taxonomy":"rbc_audience","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_audience?post=57789"},{"taxonomy":"rbc_lob_group","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_lob_group?post=57789"},{"taxonomy":"rbc_difficulty_level","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_difficulty_level?post=57789"},{"taxonomy":"rbc_mmm_category","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_mmm_category?post=57789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}