These are Canada's 18 most affordable regions for buying a home

Feb 18 2021, 9:10 am

With real estate prices around the country skyrocketing over the past year, finding affordable homes in Canada may seem like an impossible feat.

The national average home price has gone up by a whopping 23% since last January, according to a new report from Zoocasa, taking it to $621,525. Despite this strong annual growth in nearly every market across the country, Zoocasa found that there are 18 markets where the average price of homes is below the national average.

Some, like St John, Newfoundland — the cheapest market looked at in the report — fell significantly below the average, with some homes listed for under $200,000. Others, like London and St. Thomas, Ontario, just sneak in under the national average cutoff.

Unsurprisingly, the Vancouver and Toronto markets were the highest in the country, coming in well above the national average at $1,089,096 and $967,885 respectively.

If you’re looking to make one of the many affordable homes in Canada yours, and are open to looking in cities all across the country, here are the 18 markets where you can find homes below the national average, and some examples of the real estate you can find there, too.

affordable homes in canada

Zoocasa

1. Saint John, New Brunswick

Average home price: $199,853
What you could buy: 251 City Line – $195,000
Property details: single-family house, 3 bedrooms, 2 bathrooms

2. Saguenay, Québec

Average home price: $206, 242
What you could buy: 4685 Ch St. Paul – $209,000
Property details: single-family house, 3 bedrooms, 2 bathrooms

3. Trois Rivières, Québec

Average home price: $225,694
What you could buy: 450-452 Rue Lacerte – $219,900
Property details: duplex, 2 bedrooms, 1 bathroom

4. Thunder Bay, Ontario

Average home price: $258,738
What you could buy: 1405 Arthur Street West – $269,900
Property details: detached house, 2 bedrooms, 1 bathroom

5. Regina, Saskatchewan

Average home price: $273,885
What you could buy: 853 Connaught Street – $279,900
Property details: townhouse, 3 bedrooms, 2 bathrooms

6. Québec, Québec

Average home price: $313,811
What you could buy: 1571 Rue Camus – $309,000
Property details: single-family house, 3 bedrooms, 2 bathrooms

7. Sherbrooke, Québec

Average home price: $317,545
What you could buy: 1786 Rue des Pois-de-Senteur – $320,000
Property details: single-family house, 3 bedrooms, 2 bathrooms

8. Winnipeg, Manitoba

Average home price: $320,814
What you could buy: 250 Queen Street – $309,900
Property details: single-family house, 3 bedrooms, 2 bathrooms

9. Saskatoon, Saskatchewan

Average home price: $331,555
What you could buy: 213 X Avenue N – $329,900
Property details:  single-family house, 4 bedrooms, 2 bathrooms

10. Gatineau, Québec

Average home price: $338,679
What you could buy: 26 Rue Beauséjour – $325,000
Property details: single-family house, 5 bedrooms, 2 bathrooms

11. Sudbury, Ontario

Average home price: $356,633
What you could buy: 4436 Hector – $349,700
Property details: detached house, 5 bedrooms, 2 bathrooms, 1 parking

12. Edmonton, Alberta

Average home price: $375,874
What you could buy: 605-9741 110 Street NW – $365,000
Property details: apartment, 2 bedrooms, 2 bathrooms

13. Halifax-Dartmouth, Nova Scotia

Average home price: $433,000
What you could buy: 3145 Veith Street – $424,900
Property details: semi-detached house, 4 bedrooms,  3 bathrooms

14. Windsor-Essex, Ontario

Average home price: $492,480
What you could buy: 686 Dynasty – $488,888
Property details: detached house, 3+1 bedroom, 2 bathrooms, 1 parking

15. Montreal, Québec

Average home price: $516,350
What you could buy: 85 Rue De Castelnau O. #413 – $519,000
Property details: condo, 2 bedrooms, 1 bathroom

16. Calgary, Alberta

Average home price: $518,237
What you could buy: 201 560 6 Avenue – $525,000
Property details: apartment, 2 bedrooms, 2 bathrooms, 1 parking

17. Ottawa, Ontario

Average home price: $591,413
What you could buy: 83 Armagh Way – $598,800
Property details: detached house, 4 bedrooms, 3 bathrooms, 3 parking

18. London and St. Thomas, Ontario

Average home price: $608,049
What you could buy: 362 Ridout Street South – $599,900
Property details: detached house, 3 bedrooms, 3 bathrooms, 5 parking

Laura HanrahanLaura Hanrahan

+ Real Estate
+ Urbanized
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