Are you considering buying a house in Canada? Well, many cities in Canada have well-established real estate markets, including Toronto, Victoria, Ottawa, London, Stouffville, and several others. However, the average home prices in these cities tend to vary.
Of course, first-time homebuyers tend to consider house prices when searching for the best place to buy a home. However, it’s also essential to consider other factors, such as business opportunities, necessary amenities, and appreciation rate on home values.
Best Cities to Buy a House in Canada
In this guide, we look at some of the best Canadian cities to buy a house. We’ve picked places where you’ll find affordable house prices and vital amenities. Let’s get started.
1. Guelph, ON
Located in Southwestern Ontario, Guelph is the number one best city to buy a house in Canada. It boasts incredibly high living standards, low unemployment rates, low crime rates, and fantastic home prices. The average house price in Guelph is $527,300.
Guelph is also one of the safest cities to live in and raise a family. A third of the city’s population consists of families with young children. Notably, Guelph is home to several natural attractions and the celebrated University of Guelph.
2. Victoria, BC
As the capital of British Columbia, Victoria is one of the most livable cities in the world. The city’s incredible mix of wildlife and urban living makes it more spectacular. Also, it is home to the most beautiful scenery in Canada. Rest assured that you’ll love it here.
The city also records low crime rates in the province, contributing to its outstanding reputation as one of the best places to live in and raise a family. Thankfully, home prices are relatively low in this city. The average house price in Victoria is 678,700.
3. London, ON
If you plan to move to a city with incredibly low house prices, consider London city in Ontario. The city has a thriving real estate market with many housing options available. The average house price here is $394,622, which is much lower than in many cities.
Many companies have set their headquarters in London, making it a business hub. So, the rate of unemployment is low here. The city also boasts well-established healthcare and education facilities, improving the welfare of its residents.
4. Stouffville, ON
Located in the Greater Toronto Area, Stouffville has a population of 37,628. Many people who live in this city own houses, and you shouldn’t be an exception. Thankfully, the prices of new homes in Stouffville are relatively affordable if you’re look for Toronto homes for sale.
With an unemployment rate of 6 percent, Stouffville also offers many job opportunities to its residents. The city also has top-rated schools that provide world-class education. You’ll also find other amenities that can make your life more comfortable.
5. Ottawa, ON
As the Capital of Canada, Ottawa has a population of around 952,000 people. The city boasts high standards of living, top-notch education facilities, and impressive cultural scenes. Incredibly, Ottawa is also home to numerous attractions, including the:
- National Gallery of Canada
- Canadian War Museum
- Canadian Museum of Nature
Even though Ottawa’s real estate market is very competitive, house prices are relatively low. The average house price in Ottawa is $403,800. Some of the developments you’ll find in this city include high-rise and low-rise condos.
6. Kingston, ON
Located in the Southeastern region of Ontario, Kingston spans 1,900 square kilometres, with a population of about 160,000 people. The city’s fascinating attractions make it a popular tourist destination, including the limestone-made heritage buildings.
Thankfully, Kingston’s real estate market is thriving. It is no surprise that the city has a high concentration of high-rise and low-rise condos. Also, some neighbourhoods feature fully-detached homes at affordable prices. The average house price is $366,549.
7. Brantford, ON
Another best place to buy a house in Canada is Brantford. Also known as the “Telephone City,” Brantford has a population of 93,000 people. It boasts a low unemployment rate of 7.4 percent, which is below the national average.
When it comes to the real estate market, Brantford features a vast range of homes ideal for any homeowner. You can live in an apartment, fully detached home, semi-detached townhome, or a condo unit. The average house price in Brantford is $426,037.
8. Hamilton, ON
Located on the Western side of Lake Ontario, Hamilton is home to more than 700,000 people. When you live in this city, you’ll enjoy many activities, such as dining, shopping, exploring attractions, and many more. Also, the city hosts several festivals every year.
Thankfully, you can buy your preferred home at an affordable price. The average house price in Hamilton is $585,500. The good news is that houses are likely to appreciate by $50,934 in the next five years. So, buying a home in Hamilton is worth it.
Now that you have a list of the best Canadian cities to buy a house, you can make an informed investment decision. Consider investing in a city with affordable housing and low costs of living. That way, you can save thousands of dollars from your investment.