Culture

All about Canadian culture, from people and language to food, drink, books, music, and film

Daily Life

From health care and education, to local eating and shopping, to festivals and things to do, get the scoop on life in Canada

Housing, Jobs, & Money

Finding a home, working, saving, and investing in Canada – here’s how

Immigration

What you need to know to live in, work in, or immigrate to Canada. Citizenship information, too.

Travel

Travel ideas and tips for visiting, touring, and deciding where to live in Canada.

Home » Housing, Jobs, & Money

The 10 Cheapest Cities to Buy a Home in Canada

Submitted by on December 6, 2012 – 8:02 amNo Comment

Along the riverfront in Windsor Ontario CanadaIf you want to buy a four-​​bedroom, two-​​bathroom house, the cheap­est city in Canada is Windsor, Ontario, where your “dream home” will cost an aver­age of $170,991.

But if you’d rather set­tle in Vancouver, which fre­quently ranks among the best places in the world to live, that same home will set you back a cool $1.8 million.

A new study by Coldwell Banker Real Estate found that five of the ten most afford­able mar­kets in Canada are in Ontario, with three addi­tional mar­kets in Atlantic Canada, one in Alberta, and one in British Columbia.

Surprisingly, Niagara Falls — often con­sid­ered Canada’s top tourist attrac­tion — is one of Canada’s least expen­sive cities to buy real estate, rank­ing #6 in the Coldwell Banker study.

The 10 cheap­est Canadian cities include:

City Rank Average Home Price
Windsor, ON 1 $170,991
Rimbey, AB 2 $201,950
Welland, ON 3 $218,354
New Glasgow, NS 4 $218,641
Amherst, NS 5 $224,662
Niagara Falls, ON 6 $228,858
Trail, BC 7 $232,300
Smiths Falls, ON 8 $232,343
Trent Hills, ON 9 $237,800
Cornwall, PE 10 $239,750

 

Vancouver is the nation’s most expen­sive hous­ing mar­ket, with the Vancouver sub­urbs of Richmond ($1,181,654) and Burnaby ($917,968) close behind.

Among Canada’s other large cities, aver­age prices were $500,233 in Ottawa, $468,474 in Edmonton, $466,183 in Toronto, and $409,900 in Calgary. The study did not include Montreal or Quebec City, where prices are typ­i­cally below those in Canada’s other major met­ro­pol­i­tan areas.

Click here for the full Coldwell Banker Home Listing Report.

And for another take on Canada’s cheap­est cities, see our recent post, Canada Real Estate: The Cost of Buying a Home, which recapped the Canada Mortgage and Housing Corporation’s fourth quar­ter 2012 report on Canadian real estate prices.

Windsor Ontario river­front photo by Andrea_​44 (flickr)

Comments are closed.