Is Halifax still cheaper than Toronto?

Yes, in most comparisons Halifax is still likely cheaper than Toronto, mainly because Toronto’s housing costs are typically much higher.

That said, Halifax is no longer a “cheap” city in the way it once was. Rents, home prices, and everyday expenses have risen, so the savings may be smaller than people expect. The biggest difference will usually be rent or purchase price; groceries, utilities, telecom, and other day-to-day costs may be fairly similar depending on your lifestyle.

Practical takeaway: Halifax is probably cheaper for the same standard of living, especially if you need to rent or buy housing. But for a real move decision, compare current apartment listings, transportation costs, and your after-tax salary in both cities, because higher Toronto wages can offset part of the higher cost. Exact 2026 prices can change quickly, so check current rental listings and cost-of-living sources before deciding.