Finding Affordability in Canadian Cities

It seems that everywhere you turn, Canadians are expressing concerns about mounting unaffordability across the country.

Big cities like Vancouver and Toronto have been deemed unaffordable for years, amid rising housing prices. Now, the pinch is being felt across the nation, from small towns in British Columbia to the East Coast.

So, how do you find affordability in Canadian cities?

If you’re living in a more expensive urban hub, you may have to be more strategic with your choices. These can be great places to live, particularly because of the lucrative jobs and career opportunities.

But as the work-from-home revolution continues, many Canadians are looking outside their regular environments to see what else is out there. Moving further from a big city often means you get more room for less money.

Here are the five best Canadian cities for housing affordability that don’t compromise on job growth, according to the Financial Post.

1. Regina
The capital of Saskatchewan ranks the highest of all metro areas in Canada, with average house prices hovering just over $266,000.

2. Saskatoon
Saskatchewan seems like the place to be, with a second city from the province topping the list. The average house price is $334,600.

3. Moncton
If you haven’t heard of Mocton, you should add New Brunswick’s most populous city to your list. Home prices average about $333,200 – although they are on the rise, having increased more than 30 percent in the last year.

4. Winnipeg
It’s no surprise that Manitoba’s capital made the list, as well, ​​with average home prices of $345,500.

5. Edmonton
And finally, Alberta’s capital. With homes around $363,900 and amenities of the big city, it’s no wonder it’s popular.

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