Buying a home in Canada can feel out of reach, especially in major cities where prices continue to rise. But good news — there are still many cities across Canada where homeownership is affordable, even for first-time buyers. In this guide, we break down the top 10 most affordable cities in Canada to buy a home right now, with updated insights for 2025.
Whether you’re relocating, downsizing, or stepping into the market for the first time, this list is your go-to resource for affordable home options.
1. Saint John, New Brunswick
Average Home Price: $275,000 (2025 Q1)
Saint John remains one of the most affordable cities in Canada. Its real estate market is stable, and the city offers a mix of charming older homes and modern builds. The low cost of living and growing job market make it attractive for young families and retirees alike.
2. Trois-Rivières, Quebec
Average Home Price: $285,000
Located halfway between Montreal and Quebec City, Trois-Rivières offers affordable real estate and a relaxed lifestyle. With access to quality healthcare, education, and French-Canadian culture, it’s perfect for those looking for value and charm.
3. Regina, Saskatchewan
Average Home Price: $310,000
Despite economic fluctuations, Regina continues to provide some of the best property deals in Western Canada. The city has a strong rental market, and it’s ideal for both investors and families looking to settle down.
4. Thunder Bay, Ontario
Average Home Price: $320,000
While Ontario is known for pricey housing markets like Toronto and Ottawa, Thunder Bay is a hidden gem. With beautiful natural surroundings and a small-town feel, it offers affordable homeownership with easy access to amenities.
5. Moncton, New Brunswick
Average Home Price: $330,000
Moncton has seen steady growth while still maintaining affordable home prices. It’s a bilingual city with strong infrastructure, an active downtown core, and great schools, making it ideal for families.
6. Winnipeg, Manitoba
Average Home Price: $340,000
Winnipeg combines affordability with opportunity. The city offers a range of housing options, from historic homes to new builds, and has a diverse economy that supports long-term growth.
7. Lethbridge, Alberta
Average Home Price: $350,000
Lethbridge stands out in Alberta for its affordability and scenic beauty. It’s a growing city with a relaxed lifestyle, making it a top choice for remote workers and young professionals.
8. Cape Breton, Nova Scotia
Average Home Price: $270,000
Cape Breton Island offers some of the lowest housing prices in the country. While it’s more remote, the quality of life, scenery, and community spirit make it worth a look.
9. Sault Ste. Marie, Ontario
Average Home Price: $295,000
This northern Ontario city blends affordability with access to nature and a low crime rate. With increased investment in infrastructure, it’s a city on the rise.
10. Red Deer, Alberta
Average Home Price: $325,000
Strategically located between Edmonton and Calgary, Red Deer is a solid choice for those looking to buy a home in Alberta without big-city prices. It’s great for commuters and families who want space and value.
Why These Cities Made the List
These cities offer more than just low prices. They provide:
- A stable or growing job market
- Quality of life and essential services
- Access to transportation, healthcare, and education
- A mix of housing types (condos, townhomes, detached homes)
And most importantly, they’re great places to build a future without being burdened by sky-high mortgage payments.
Tips for Buying a Home in an Affordable Market
- Get Pre-Approved: Know what you can afford and shop within your budget.
- Work with a Local Agent: They know the market best.
- Consider Growth Potential: Look for cities with increasing job opportunities and population growth.
- Factor in Costs Beyond the Mortgage: Taxes, insurance, utilities, and maintenance all matter.
- Take Advantage of First-Time Buyer Incentives: FHSA, RRSP withdrawal, and tax credits are your friends.
Final Thoughts
You don’t have to move to a big city to find opportunity. These 10 affordable cities in Canada show that you can own a home, enjoy a good quality of life, and still have money left over to enjoy it. Whether you’re a first-time buyer or just looking for a smart move, consider putting these locations on your radar in 2025.
Looking for help buying in any of these cities? Connect with our local real estate experts and let’s make your homeownership dream a reality.
