I heard that Lakehead had better reputation than UoR and Regina has highest rates of crimes in Canada. Is this true?
Based on my opinion Lakehead is a better program academically than UoR, but its in a small town. Lakehead is an AACSB MBA so if not now least in a few years it will become a top program. If your accreditation crazy, lakehead wins hands down. Also AACSB any day better than a normal MBA, that said jobs are very less in TBay but if you move out of TBay an AACSB MBA will have more value than a normal program.
The crime rates are similar in TBay and Regina. But they happen only in certain areas, if you live on campus or avoid renting houses in certain areas you'll be safe.
Lastly, Lakehead is a 1yr program, you'll be lucky to get a pgwp for more than 1 year. UoR you'll get a minimum 2yr pgwp. These are some of the pros and cons. As a business student you have to weigh in your options and decide which risk is worth taking.
all the best!