Canada’s Most Affordable Cities For Real Estate

Canada’s Most Affordable Cities For Real Estate – Canada isn’t exactly known for it’s cheap real estate but general standard of living is good and the country has avoided the worst crashes from the global crisis. It’s also a very attractive country in a lot of places but what cities are the most affordable? Canada’s Most Affordable Cities For Real Estate Canada's Most Affordable Cities For Real Estate I’m currently in Montreal, it’s an awesome city but it does suffer from very high property prices if you want to be close to downtown. Oddly rent here is very affordable. Homes are more affordable in other cities though so let’s take a look at a few sources and see where may be a good place to buy. Here are the ten most affordable Canadian cities according to this article from CanadianMortgagesInc.ca. The house prices are said to be averages and the article was written October 2011. Trois Rivieres CMA -  $161,559. Saguenay CMA -  $164,705. Saint John’s -  $169,290. Windsor -  $172,400. Thunder Bay -   $183,224. Sherbrooke CMA -  $208,506. Sudbury -  $231,400. Gatineau CMA -  $232,676. London and St. Thomas -  $234,309. Winnipeg -  $237,421. Coldwell Banker wrote a report on cheap and expensive housing in North America and looked at select Canadian markets. They looked at four-bedroom, two full bathroom home prices  and their lowest prices can be seen below. The article in full can be seen here . Alberta – Lethbridge – $248,082 British Columbia – Grand Forks – $269,812 Manitoba – Winnipeg – $307,464 Newfoundland – St. John's – $440,825 Nova Scotia – Amherst – $194,700 Ontario – Windsor – $144,460 Prince Edward Island – Stratford – $279,845 Yukon Territory – Whitehorse – $405,465 MSN Canada also has a great article where they looked at what certain cities in Canada give you for under $350,000. The article can be read here . As examples they say in Vancouver (45mins out of the city) you can pick up a little family home and in comparison in Moncton you can pick up a 2 storey 2,715 sq. ft home with a 100 sq ft lot. Canada’s Most Affordable Cities For Real Estate Basically for a normal sized home you are not going to get much change out of $250,00 no matter where you go and many areas with such low prices may not be desirable. That doesn’t mean that some are not, they just may be more remote or in up and coming areas. So do you own a home in a Canadian City? If so, what city are you in, how much did it cost and do you think it was good value? Do you have any advice for people in the market for a new home and any good or bad about particular cities? Thinking of living in the US? Check out our article on The Cheapest Places To Live In America . Thanks for reading. Related Posts B American Cities with the Highest Cost of Living Cities With Lowest Cost of Living Cheapest Cities to Live, 2010

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Canada's Most Affordable Cities For Real Estate