3 low-cost places to live in Asia

With the rising cost of living and housing in Canada, many people are setting their sights on moving abroad to areas with a lower cost of living, like Asia. If you're looking for a place to retire or a country where you can live your dream of being an expatriate, here are three countries to consider.

The biggest draw of Thailand is its cheap cost of living. It's also safe and obtaining a visa is relatively simple.

• Property can be difficult for a foreigner to purchase so most newcomers rent a home or live in a condominium.
• The three cities most popular with foreigners are Chiang Mai, Hua Hin, and Bangkok.
• No matter what area of the country you opt to live in, there is never a shortage of things to do.
• Foreigners will enjoy the beach, world-class golf, hiking, camping, top-of-the-line dining and fishing.

The Philippines have become well known for their optimal and affordable medical care, which makes the country a favourite for retirees.

• Residents also enjoy numerous beaches, warm weather year-round and a low cost of living.
• Renting a home is very affordable with rent generally starting at around 200 CAD per month for a moderately sized condominium.
• Purchasing property is difficult so most people focus on finding a suitable long-term rental that will meet their needs.
• Tagaytay has as a lot for newcomers to do such as world-class golf and numerous country clubs.
• Cebu City is a very reasonably priced city to call home, as rent and utilities tend to be very affordable.

Malaysia has something to offer just about everyone with beaches, jungles and cities to visit. There are very few restrictions imposed on foreigners who wish to purchase property in Malaysia, but renting is often more economical and less burdensome.

• The cost of residential rentals are very affordable when compared with the price of rentals in most parts of Canada.
• Generally, Malaysian landlords will push for a one to three year signed lease. A longer lease will usually give you some bargaining power and you can often find even cheaper rent.
• Within Malaysia, domestic help is the norm and is widely available at a very affordable price.
• Kuala Lumpur is a thriving metropolis of 1.8 million people. Despite its rapidly expanding population, it remains one of the cheapest cities to call home.
• Selangor has a strong urban population and residential growth continues to expand.
• The island of Penang is a favorite for North American, Australian and European tourists. There are also several international schools on the island.

Within all three countries, English is widely spoken and there are large communities of North American, European and Australian foreigners.

These three Asian countries top the list as the cheapest and best places for a foreigner to call home.