About one-fifth of Canadians work remotely according the Statistics Canada.
With the advent of the digital economy there are many who do not have to be tied to a specific town or city to work. Many are shifting to more rural areas or even to other provinces like Alberta according to Business Council of Alberta, to find a house which offers the highest price for their budget.
Below, I'll present some areas of Canada which offer great value for money in real property.
The value of real estate tends to be highly dependent on the place. Vancouver is an excellent town to settle in, however the cost of a home with three bedrooms on a tiny lot could cost you twice or more than similar homes in a town that is small.
Although the large city definitely is appealing, Canada has some truly charming towns and cities. Each city possess their own distinctive appeal and has surprising low costs for real estate. From the valleys, rivers and the natural beautiful scenery in Saguenay, Que., to the bustling bayside town in Saint John, N.B. These cities provide Canadians the most value for their investment in real estate.
Saint John, N.B.
The average cost of a single-family house in July 2022 will be $1 million.
You can buy these items for this price:
The CBC called the Canadian town of St. John, New Brunswick underrated and going through a renaissance. According to the CREA (Canada Real Estate Association), the average price of homes in July 2022 will be $276,437 — which is a 12 percent increase from last year but still well below the national average of 629,921 dollars.
If you want to live in a small town with a beautiful bay, Saint John, New Brunswick might be for you. You'll get a nice scenic views from some of its waterfront restaurants, and there are lots of hikes and nature trails if you'd rather explore further away from the downtown area.
Moncton, N.B.
According to the CMA, the average selling prices of single-family homes in the Greater Monctown metropolitan area were $340,300 in June 2020. If you want townhouses instead, they cost an average of $266,300.
According to the Job Bank of Canadas, Moncton is a friendly community and is well-liked by its residents. It has a lot of public spaces, including beautiful gardens, and there are lots of interesting things to see and do in the town centre. There are several excellent restaurants, and there's always something happening at night.
Saguenay, Qué.
According to the Quebec Association of Realtors, the median price of an apartment in Saguenay City was $348,000 as of July 2019. While it might not be the cheapest in Canada, it's still relatively affordable compared to the rest of the country. You'll find plenty of great places to eat and drink in Saguenay, and the area is also known for being one of the best places to see the aurora borealis. Located just north of Montreal, the charming town is surrounded by gorgeous lakes, rivers, mountains, and forests. It's easy to get around, too, thanks to the nearby Saint Lawrence Seaway.
Regina, Sask.
According to the CREC's second-quaterly housing market outlook, the average price for a single-family home across Canada was $267,400 in July 2022, which makes Regina one of the cheapest cities in Canada. According the city's data, Regina is also among the fastest-growing Canadian cities.
Despite people complaining about the cold weather, Toronto boasts lots of parks, recreation centers, cultural arts centers and has a steadily growing economy, says the Canada Real Estate Association (CREA).
St. John's, N.L.
Single-family homes in Canada's most affordable small city cost an estimated $331,000, according to the Canadian Real Estate Association (CREA).
The province is famous for its colourful houses by its waterfront, museums, and rich historical background. It has a rapidly growing local economic base, according to the CREB, and job market, due to the influx of new people moving into the region. If you enjoy the outdoors, there are several fantastic outdoor recreational areas just outside the main town.
Conclusion
If you want to live an inexpensive lifestyle, move out of the big city and into smaller towns in rural America. These small towns usually offer lower housing prices and better employment opportunities than large urban centers.