The Top 7 Canadian Cities for Home Purchases Under $300,000 USD

Affordable housing and a growing number of jobs available anywhere have made Canada one of the most popular destinations for Americans looking to immigrate. The lure of free health care, less crime, and paid childbirth are alluring, but taxes, food, and housing are just as expensive, if not more so, in the North.

If you don’t mind using the metric system or sporadically incorporating “eh” into your everyday vocabulary, this is an amazingly diverse place to call home, and even if you’re on a budget… Even if you have one, you can buy it at an affordable price.

Canada Mortgage Professionals (CMP) says many potential buyers are hesitant about Canada’s two most expensive hubs, Toronto and Vancouver. Canada has plenty of real estate options to suit every budget, but you may want to avoid some of the most popular cities where the cost of living has risen to uncomfortable levels.

Canada’s most liveable cities are spread across the country, but if you’re looking to move for purely economic reasons, look to the much smaller cities of Quebec and New Brunswick, where six and four cities have recently moved, respectively. It would be a good idea to direct it. Living space to be named Canada’s most affordable city in 2024.

But according to TinyHouse.com, if you have $300,000 to spend on a home in Canada, you won’t get much better than these seven cities:

1. Saskatoon, Saskatchewan

Median home price: $272,363

Saskatoon is smaller than Regina, with a population of approximately 273,000, and is a major transportation hub with national rail, provincial highways, and an international airport. It’s the ground. The city is home to the University of Saskatchewan and is an affordable city for students.

2. Brandon, Manitoba

Median home price: $206,112

Manitoba is one of Canada’s most affordable provinces in terms of housing and cost of living, and Brandon is a pillar of economic resilience. Brandon is her second largest city in the province after Winnipeg, but only has about 51,000 residents. Brands enjoy affordable housing and rental properties in this jewel city.

3. Thunder Bay, Ontario

Average home price: $250,279

Northwestern Ontario’s largest city is an outdoor enthusiast’s paradise, especially when it comes to performing your favorite outdoor activities in the cold and snow. According to the Canadian Real Estate Association, the average price for a tiny house is just over $250,000, while the average sales price for a single-family home sold in December 2023 was $289,950.

4. Cache Creek, British Columbia

Median home price: $287,085

Despite Cache Creek’s remote location, historically this small town was a major transportation hub. Located just 350 miles northeast of Vancouver, Travel British Columbia aptly describes Cache Creek as “a bustling oasis town in the midst of cactus, tumbleweed and a desert-like climate.”

5. Saguenay, Quebec

Median home price: $169,306

Saguenay is located in the Saguenay-Lac-Saint-Jean region and is named for two notable landforms formed by glaciers . Saguenay is a beautiful, affordable and great place to live. If you’re not afraid to be a fish out of water in this French-speaking city, Saguenay is the perfect place to see up to 13 species of whales, according to Holland America.

6. Saint John, New Brunswick

Median home price: $206,112

Whether you’re looking for a single-family home, townhome, condo, or commercial property, Saint John has your real estate needs covered. “St. John has become a real estate hot spot after the Maritimes started to become featured on many home renovation shows, and this has made the real estate market flourish,” said Tiny House.

7. Red Deer, Alberta

Median home price: $279,724

Red Deer is also a city with a median home price near the $300,000 threshold, compared to increasingly expensive Calgary and Edmonton. It’s affordable. Located between Alberta’s two largest cities, Red Deer is a great option. It is modestly sized (just over 100,000 residents), has a low cost of living, and has the potential to offer the perfect balance between urban amenities and rural life that many refugees crave.