The average mortgage rate in Drummondville is at historical lows, meaning your mortgage payments will be more affordable than they might have been in the past. However, your housing costs — whether you purchase a home or rent a home — are just one aspect of cost of living.
Buying a home also requires the owner to pay property taxes and cover all utilities. Many people who live in Drummondville will also want to own a car, which has its own additional costs. That might include monthly car payments and will definitely include gas payments, maintenance costs, and insurance payments.
Luckily, for car owners in Quebec, the province has the country’s lowest car insurance rates. According to the Insurance Bureau of Canada, the average yearly car insurance premium in Quebec is $717 and the average monthly premium is $59.75. Compare that to the highest insurance premiums in Canada, which is $1,832 per year (paid by drivers in B.C.) and Quebec drivers are actually getting a great deal on their insurance.