With the increasing demand and decreasing supply for affordable housing in Canada, it has made headlines over the past few months. Most couples and families are rethinking their decisions. When it comes to buying a new house, whether it is a smart decision to make with the current unstable housing market.

If you also want to look at more tips on how to live cheap in Canada, click here.

With increasing price on housing, most of the population have left big cities to live in sub-urban areas. With the possibilities of working from home being available during the pandemic. The workforce have started to use it as a factor to be cost effective.

Regions with affordable housing in Canada

With the national average price of homes, we have provided 11 regions to pick what suits your needs. Considering the rising price levels of real estate across Canada, we at founderactivity have mapped regions which have affordable housing.

Below the Canadian Average despite large year-over-year (YOY) increases in the industry.

1. Saguenay, Quebec

affordable housing in Saguenay, Quebec

Housing prices in Saguenay, Quebec are at average $267,353.

Pros and Cons of living in Saguenay, Quebec.

Pros Cons
High Quality of LifeDifficult Winter
Access to High-Quality Health Care Language Difficulty
Effective Transportation SystemHigher Taxes 

2. Saint John, New Brunswick

affordable housing Saint John, New Brunswick

Housing prices in Saint John, New Brunswick are at average $294,900.

Pros and Cons of living in Saint John, New Brunswick.

Tourist AttractionsZero Nightlife
Moderate WeatherLack of Jobs
A safe place to raise a familyLanguage Barrier

3. Thunder Bay, Ontario

affordable housing in Thunder Bay, Ontario

Housing prices in Thunder Bay, Ontario are at average $358,051.

Pros and Cons of living in Thunder Bay, Ontario.

Nature Costly healthcare system
Jobs and EmploymentVisa requirements are tough
Cost of Living in Thunder BayTemperature can go to the extreme cold

4. Regina, Saskatchewan

affordable housing in Regina, Saskatchewan

Housing prices in Regina, Saskatchewan are at average $322,800.

Pros and Cons of living in Regina, Saskatchewan.

Cheap Public TransportHigh Crime Rate
Strong economyWeather
Great Public HealthZero Nightlife

5. Trios Rivières, Quebec

affordable housing in Trios Rivières, Quebec

Housing prices in Trios Rivières, Quebec are at average $330,431.

Pros and Cons of living in Trios Rivières, Quebec.

Lower Cost of LivingLinguistic Challenges
Beautiful Outdoor EnvironmentHigh Heating Bills
Proximity to Two of Canada’s Biggest and Most Commercial CitiesHarsh Winters

6. Quebec CMA, Quebec

affordable housing in Quebec CMA, Quebec

Housing prices in Quebec CMA, Quebec are at average $325,600.

Pros and Cons of living in Quebec CMA, Quebec.

Affordable ElectricityLanguage Barrier
Lower Housing CostsHigher Taxes
Outdoor SportsWeather

7. Winnipeg, Manitoba

affordable housing in Winnipeg, Manitoba

Housing prices in Winnipeg, Manitoba are at average $357,000.

Pros and cons of living in Winnipeg, Manitoba.

Diverse CultureDeficient Public Transport
Attractions and DestinationSlow Response to Crime and Criminality
Access to Health CareDeficient Public Transport

8. Sastakoon, Saskatchewan

affordable housing in Sastakoon, Saskatchewan

Housing prices in Sastakoon, Saskatchewan are at average $376,100.

Pros and Cons of living in Sastakoon, Saskatchewan.

Growing economyCrime rate is relatively high
EducationLow Pop culture entertainment options
Nature’s beautyCold Winters

9. Edmonton, Alberta

affordable housing in Edmonton, Alberta

Housing prices in Edmonton, Alberta are at average $402,800.

Pros and Cons of living in Edmonton, Alberta.

Strong EconomyWeather
GreeneryBad Infrastructure
Friendly LocalsCrime Rates are high

10. Newfoundland and Labrador

affordable housing in Newfoundland and Labrador

Housing prices in Newfoundland and Labrador are at average $280,200.

Pros and Cons of living in Newfoundland and Labrador.

Low Crime RateUnemployment
Great OutdoorsPopulation Decline
Low CostCost of Transport

11. Sudbury, Ontario

affordable housing in Sudbury, Ontario

Housing prices in Sudbury, Ontario are at average $356,633.

Pros and Cons of living in Sudbury, Ontario.

Outdoor LifeIcy Winter
Thriving EconomyRoads are very dangerous
Social Life and RecreationQuality of education is low

Tips to look for suitable housing

Here are some tips for you to be prepared to buy a home. But you cannot jump to conclusion without knowing what you should prepare beforehand, for your home buying process to go smoothly;

  • Down Payment
    To purchase a house, a down payment should be paid. But do you know the value of your down payment? It is best to have 20% of cost of the price of your desired home. If that is not possible, you have the ability to obtain a housing mortgage loan.
  • Additional Costs
    Secondly, down payment is not the only cost that you will have to bear. You must have additional funds or a rough estimate amount to pay for the closing of the housing deal. If not, your mortgage provider/ lender can help you with your closing costs.
  • Affordable Price Range
    The house you pick, it should be an area you were previously looking at and within your housing budget. Your housing budget will depend on your savings you have put aside to buy a new house. And if you have committed to mortgage housing loan, your income also becomes an important factor.

After the payments prep work,

  • Look at homes for sale
    By this stage, most customers who are looking to buy housing would have hired a real estate agent. But what is different in Canada that is, as the customer, you do not need to pay your real estate agent a commission. It is the seller who pays the real estate agent and the customer’s agent.
  • Make your offer
    Once you have picked the right home of your choice, you will have to make an offer. If you have obtained a real estate agent, they will assist you with this part of the process.
  • Close the deal
    When your offer is accepted, you will need to hire a real estate lawyer. They will help you with the legal documentation of the ownership of your new house.

Coming to the end of this article, we have compiled all the information that you would need when moving to any region in Canada with affordable housing. Every piece of information that deemed important from the national average prices, possible advantages and disadvantages in the regions to tips when making your first home purchase.


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Uditha Sanjaya
Uditha Sanjaya, owner of "Founder Activity" has been passionate about business since he was 14 and started his own Online marketing group in his home garage. Now His unique talent is helping B2B and B2C companies with unique lead-generation campaigns.

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