11 Cheapest Places in Canada to Buy a Home

11 Cheapest Places in Canada to Buy a Home

11 Cheapest Places in Canada to Buy a Home. British Columbia is known for its beauty,
but not cheap home prices. Vancouver and the surrounding area has some
of the most expensive real estate in the country with prices near, and often over, the $1 million
mark. Toronto and Montreal, although in different
parts of Canada, are pricey as well, with averages of $630,858 and $328,862 respectively. Fortunately, there are places where the price
of a home is much more affordable. There are so many beautiful places in Canada,
and there are more reasonable options to the pricier areas. Here are the 11 cheapest places to buy a home
in Canada, listed in no particular order. 1. Thunder Bay. The port city of Thunder Bay is located on
Lake Superior in Ontario. The average home price is $196,803. Due to the lake, it has a humid continental
climate with less snowfall than the United States side of the lake. The city also gets a lot of sun, and more
than the easternmost cities. There are plenty of recreational activities
including golf courses, ice rinks, indoor and outdoor pools, public beaches, ski hills
and cross-country skiing courses. Being the largest city in Northwestern Ontario,
Thunder Bay is the region’s commercial and medical center. The Ontario government, city, school system,
Bowater Forest Products, and Thunder Bay Health Science Center are major employers. Unfortunately, Thunder Bay struggles with
a high violent crime rate. It was ranked 2nd for robbery and 5th for
aggravated assault in 2016. 2. Moncton. Moncton is the center of the Maritimes in
southeast New Brunswick. According to data researched by Demographia
it is one of the most affordable cities in Canada. The average home price is $198,654. Moncton has a strong economic history with
low unemployment rates, as a transportation hub for the region. Although affected by the recent recession,
it is coming back strong. Education, healthcare, insurance and technology
are big players in the economy. There are also numerous call centers for corporations
which employ thousands of people. Additionally, a tourism industry is present
thanks to Magnetic Hill and the Petitcodiac River tidal bore. Moncton is characterized as a low-rise city
where the 417-foot high Bell Aliant Tower has become a landmark for being the most significant
figure in the skyline. The city also has several parks, including
Centennial Park with an artificial beach, trails, a pond and sports facilities. 3. Windsor. Windsor is the most southern city in Canada. It’s located just across the Detroit River
from Detroit, Michigan. The average home price is $186,612. Given the proximity to Detroit, it’s not
surprising that Windsor has a long history in automobile manufacturing. The casino resort employs many residents is
a big draw for tourists. The pharmaceutical, higher education, insurance
and Internet industries also play a role in the local economy. Given Detroit’s reputation for crime, one
might assume Windsor also has high crime rate. In actuality, it has a low crime rate, particularly
homicide. The downside of the area is that it experiences
the most thunderstorms, lightning and tornadic activity in Canada. Additionally, proximity to polluting industries
means residents suffer from more respiratory illnesses due to bad air quality and smog. 4. Charlottetown. The seaside city of Charlottetown is the largest
city on Prince Edward Island and has an average home price of $162,928. Government, healthcare, education and light
manufacturing play large roles in the local economy. Residents have access to fields for soccer,
baseball, rugby, and field hockey, as well as tennis courts, tracks and running trails. The waterfront, with eleven historic sites,
and historic Victorian homes draws tourists to the town. It is also the home of the University of Prince
Edward Island. Anne of Green Gables — The Musical has been
playing at the Confederation Centre of the Arts for 48 years, apropos of the fact that
Prince Edward Island was the setting of the classic novels. The Centre also hosts other performances and
art exhibits. The island has a relatively low crime rate. 5. Fredericton. Fredericton is the capital of New Brunswick
and sits along the Saint John River. The average home price is $156,000. The city is an educational center and home
to University of New Brunswick, St. Thomas University, and the New Brunswick College
of Craft and Design. It is also a research hub with centers focusing
on forestry, social science, biomedical engineering, geomatics, information technology and policy
development. The presence of the schools and research facilities
have helped shield the city economically in the face of the declining mining and fishing
industries. Fredericton also offers ethnic cuisine, museums
and theaters. Residents primarily speak English, though
the French-speaking population is increasing. Crime statistics in one area — sexual assault
— stand out for 2016. It ranked third in the country, which likely
relates to the high rate of reported assaults in local colleges and universities. 6. London. London is in Southwestern Ontario and has
an average home price of $243,662. It’s a center for health and education and
those industries are also major employers. Medical research, insurance and information
technology also contribute to the economy. London Health Sciences Center is one of the
biggest employers. London also offers cultural opportunities
to its residents. It hosts several fairs, including the Sunfest
Music Festival and the London RibFest. The city is also home to a symphony and several
theatres, as well as children’s, art, military and medical museums. There are also multiple parks, gardens and
bike paths, many of which lie on the Thames River. MoneySense Magazine and Jetpac City Guides
have both ranked London as a happy, highly livable place, while the Canadian Centre for
Policy Alternatives rated it the third best place to be a woman in 2016. 7. Trois-Rivieres. Trois-Rivieres is halfway between Quebec City
and Montreal in the Quebec region. Though the name translates as three rivers,
there are only two. However, the mouth of one of the rivers is
split into three streams by islands. The average home price is $160,064. It is the oldest industrial city in the country
and was once the leader in pulp and paper. Despite its age, it does not look that historic
due to a devastating fire in 1908. Leaders are now focusing on bringing the technology
industry in to join the other major industries of electronics, thermoplastic and cabinet
making. The city hosts annual festivals for dance,
music and international poetry. It also has a world-famous street circuit
racetrack. Plaques with poetry verse can be found all
over the city, rendering it the “Poetry Capital of Quebec.” 8. Halifax. Halifax is the capital of Nova Scotia and
has been highly rated for quality of life and for business. The average cost of a home is $280,035. Residents enjoy ample park space all over
the city center, which is surrounded by increasingly rural areas. A cultural scene strongly influenced by the
student population of the many colleges and universities here is also present. There are several art galleries, theaters,
sports and music venues, a symphony and a sizeable nightlife. Downtown Halifax is filled with cafes, restaurants,
bars and shops. Both ocean and lake beaches are easily accessible
to residents. Major employers include the Department of
National Defense, Nova Scotia Health Authority, Irving Shipbuilding, government, banks and
the universities. Out in the rural areas, agriculture, fishing
and mining are the big industries. 9. Sudbury. Sudbury is the largest city in Northern Ontario
and the average home costs $251,300. It has an interesting geographical appearance
due to the 330 lakes within the city and the surrounding lower Rocky Mountains. Mining of local ore deposits is a major industry
yielding nickel, copper and other metals. Unfortunately, that has released large amounts
of Sulphur into the air causing acid rain which destroyed much of the vegetation. As mining has decreased as a revenue source,
the finance, business, healthcare and technology industries have stepped in. The city has art galleries, theater companies,
an interactive science museum and an annual film festival. Outdoor enthusiasts enjoy more than 700 miles
of snowmobile trails and 14 miles of hiking and biking trails. Residents mostly speak English, but there
is a significant French-speaking population as well. 10. Saguenay. Saguenay is about two and half hours north
of Quebec City and the average home price is $173,056. Residents primarily speak French. Aluminum, the boreal forest, genomics and
biomedical science are the big industries propping up the economy. Surrounded by nature, it is a haven for outdoor
wilderness enthusiasts. Located in the region, Parc national de la
Pointe,Taillon has beaches on Lac Saint-Jean, Parc national des Monts-Valin offers panoramic
views. Vallée des Fantômes is home to a ghostly
forest. Residents and visitors can sail on the lake
and fjord, or head to the marine park for an underwater education. Snowmobiling and dog sledding are also popular
activities. The city has three boroughs: Chicoutimi, the
center, Jonquiere, on the river, and La Baie, set slightly farther away from the urban center. 11. Saint John. Saint John is in New Brunswick on the Bay
of Fundy. The average home costs $168,221. Residents primarily speak English. The economy was once dependent on ship building
and became internationally famous when the fastest ship of its day, the Marco Polo, was
built there. These days the economy also relies on research,
information technology, and tourism. The oil refinery, Port of Saint John, Moosehead
Brewery, pulp and paper plants are also major employers. Saint John has a strong Irish heritage so
the culture of the city draws comparisons to Boston and New York. Residents enjoy musical performances, dance
programs, theaters, art galleries, and many museums. It is also a popular city for beer brewers. The historic downtown area has benefited from
cruise ships that dock locally.

28 thoughts on “11 Cheapest Places in Canada to Buy a Home

  • It would be so nice if the person "ATTEMPTING" to inform us could pronounce the names correctly. Besides, as always western canada does not count. What a flipping crock.

  • I don't know about Vancouver and Montreal but in Toronto home prices are from 1mln plus taxes and fees which are around +$100 k

  • Thunder Bay is not in northern Ontario, it's located on Lake Superior. The Video has lots of nice pictures of budget hotels!

  • Saskatchewan and maybe like a terrible town in southern Alberta or the Yukon is about it house prices are out of control in Canada and it’s only going to get worse with Trudeau. Soon we’ll all be on welfare

  • Montreal. 2019. It's only November and we already have 20 cm of snow. Temperature down to -15°C. Awful weather 6 months per year.
    South of Ontario is much warmer. Outside of Toronto, for cheaper housing.

  • It doesn't matter where you live in this country. The climate sucks. Canada is a voluntary labor camp and tax farm. As long as you work you pay. When you can't work anymore the government taxes you out from your well earned home. This video is a fairy tale for kids.

  • Not exactly sure how old his video was but Windsor is not as affordable as it is displayed in this video. The average home price shot up to $235,000 this year, almost all new construction of single-family homes as well as nice condominiums are now in excess of $475,000 , real estate in the last three years has gone up enormously, as many people from higher-priced areas of Ontario, especially Toronto area, after they retire are selling their homes for a great profit and moving into the greater Windsor area. The climate is some of the best in Ontario, along with the fact that you can joy world class entertainment, pro sports, and theater, as well as shopping five minutes across the river in the metropolitan Detroit area. It’s actually got a lot going for it to live in this area. Detroit itself is rebounding quit nicely especially in its downtown and midtown area , Thanks to billion investments going in, which are just a couple minutes off the entryway from the international bridge and tunnel from Windsor. It’s actually a pretty attractive metropolitan area to live in now.. There are over 5 million people living in the Metropolitan Detroit and Windsor areas.

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