Thunder Bay ranked third nationally in the 2026 Royal LePage affordability report. This ranking highlights communities where housing costs remain low compared to local incomes. Housing affordability remains a major concern across the country. A recent survey found that half of the residents in Toronto, Montreal, and Vancouver would consider moving to a cheaper city. People want lower housing costs and a better quality of life. Thunder Bay continues to attract newcomers, professionals, and investors. The city combines strong economic opportunities with access to outdoor recreation and natural beauty.