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These Are The Cities Where You Can Find The Cheapest Houses In Canada

You don't have to spend a million dollars!

Trying to find a bigger home for yourself or maybe your growing family isn't always easy. House prices in Canada vary quite a bit depending on where you are. However, there are markets across the country where you can get a home for less than $400,000.

According to the Canadian Real Estate Association, there are at least nine different cities where homes can be bought for an average price that lands under $400,000.

On top of that, three of those markets have an average sale price that actually falls under $300,000, and one of them even drops to under $190,000.

So where is the cheapest city to buy a house in Canada? The answer is Saint John, New Brunswick.

While the CREA reports that the average price has increased since last year, it's still only $187,794.

Out east, Halifax-Dartmouth also offers a relatively reasonable average home price of $359,958. That shouldn't be too surprising, considering all the mini-mansions out there that are so cheap.

If you're looking to live in a predominantly French-speaking area, houses in the Quebec CMA have an MLS HPI benchmark price of about $248,600.

In Ontario, the Windsor-Essex area is the only market where the mean home price sits below $400,000. A house there might set you back $359,958.

Further west, there are more markets with inexpensive houses. A Winnipeg home will, on average, cost about $276,900.

Two major cities in Saskatchewan also have some cheap homes up for grabs, with benchmark prices around $261,200 in Regina and $289,100 in Saskatoon.

The last stop for a house with an average price below $400,000 is Edmonton, where the benchmark price for a home is $315,900.

Furthermore, all of these markets actually fall below the national average for houses in Canada, which as of May 2020 is $494,476, which is a decrease from last year's average of $507,440.