comScore
ADVERTISEMENT
Your browser is not supported. We do our best to optimize our websites to the most current web browsers. Please try another browser.
Skip to main content

The Best Places to Buy Real Estate in Canada 2023 

A young couple smiling in a moving fan
Getty Images

It’s no surprise the cost of living has been at an all-time high. Inflation and rising interest rates have caused real estate demand to fizzle out over the past year, which has many Canadians feeling like it’s impossible to purchase a home. Well, it looks like it can be possible, according to a report by MoneySense and Zoocasa. Based on benchmark prices and the most-watched real estate markets, they’ve pinpointed where Canadians can buy properties from Halifax to Vancouver. 

ADVERTISEMENT

Here is a roundup of the best places you can buy real estate in Canada in 2023. 

Related: What I Learned Moving from Saskatchewan to Toronto and Now Vancouver

Top Three Places to Buy Real Estate in Canada

Downtown Moncton in New Brunswick

Greater Moncton, New Brunswick 

Coming in at number one is Greater Moncton. Despite substantial growth in the average price of homes, the Moncton region continues to be affordable compared to other cities in Canada. Moncton, Riverview, Dieppe and Greater Moncton have inexpensive real estate opportunities for first-time home buyers. Homes in this region average $320,817!

Sault St Marie Bridge

Sault Ste. Marie, Ontario 

Sault Ste. Marie AKA “The Soo”, offers prospective homeowners great value at affordable prices.  The town is situated in the heart of the Great Lakes and has a population of around 78,000. If you’re a fan of outdoor space, lakes and rivers, you’ll love the soo. 

Mom and toddler walking in trail

North Bay, Ontario 

North Bay is located on Lake Nipissing in northern Ontario and 125 kilometres from Sudbury. It offers the best parks, walking trails and conservation areas. The naturalist in you will want to make this place home. The average price of homes is $413,525 where there are a ton of condos, gorgeous Victorian and modern homes, plus single-family homes to buy.

Related: The Cheapest Houses You Can Buy in Alberta in April 2023

What Other Cities Made The List? 

If you’re wondering what other cities made the list, here is a short list of some of the other best places to buy real estate in Canada: 

ADVERTISEMENT
  • Saint John, New Brunswick
  • Halifax-Dartmouth, Nova Scotia 
  • Sudbury, Ontario 
  • Vancouver Island, British Columbia 
  • Kawartha Lakes, Ontario 
  • Niagara Region, Ontario 
  • Winnipeg, Manitoba 
  • St. John’s, Newfoundland & Labrador 

The report also ranks the best neighbourhoods in the top four provinces of Alberta, Nova Scotia, British Columbia and Ontario. Here are a few of the top neighbourhoods to keep your eye on. 

  • Calgary, Alberta 
  • Edmonton, Alberta
  • Halifax, Nova Scotia
  • Burnaby, British Columbia
  • Langley, British Columbia
  • Durham Region, Ontario

You can view the report and full list here.

Thinking of moving to New Brunswick? Check out This Influencer’s Historic Home in New Brunswick.

Photos courtesy of Getty Images. 



Latest News

Throw on your most cottage-core attire and join Scott and Debra for a fun-filled day.
April 12, 2024
Etsy has officially launched their spring and summer trend guide for 2024 and it's blooming with personality.
April 11, 2024
This handmade beauty will transform a cold bathroom into a cozy escape.
April 10, 2024
A special guest helps Bryan transform the Riversea Motel into the ultimate getaway.
April 9, 2024
We’ve rounded up a province-by-province collection of stunning Canadian flora.
April 9, 2024
Why this table might just be your next Amazon purchase.
April 5, 2024
A simple yet impactful DIY project that allows you to showcase your creativity and cherished memories.
April 5, 2024
Interested in moving to a sunnier locale? Here's what it will cost you.
April 4, 2024
Add a bit of visual interest to your living space with this cute DIY.
April 3, 2024
ADVERTISEMENT
ADVERTISEMENT
This content is restricted to adults of legal age.
Please enter your birthdate to confirm.
Date of Birth