I have two options for you.
1. if you are a gril. My homestay has a room in the basement. $650 including everything. Landlady is Canadian. Call: 721-8699 for Linda
2. a room in the basement at Centrepointe which is very close to Algonquin. $375 for one room. Has it's own kitchen and bathroom. Call: 226-4607 for Carl or Louise
good luck!