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The Cheapest Houses You Can Buy in January 2023

New year, new you … new house? Most real estate experts predict that the Canadian housing market may calm down and prices drop a little in the coming year, partly due to higher interest rates. However, there are some areas where prices may continue to rise. If location isn’t that important to you, a good strategy for entering the real estate housing market is to look in areas where house prices are low but there is high growth in prices, so that you can someday sell at a decent profit.

If affordability is your main criterion for trying to enter Canada’s real estate market right now, where’s the best place to look? The Canadian Real Estate Association keeps monthly statistics on house prices in various markets in all provinces as well as in Yukon and the Northwest Territories. They publish these statistics about a month or two later, so to bring you information on the cheapest houses you can buy in January 2023 in Canada, we look at the real estate map for November 2022.

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