09 Feb 5 Of the Most Popular Cities to Buy a House in Canada
If you’re thinking about purchasing a house in Canada, but aren’t yet sure where to set down your next set of roots, you might be interested to know which of Canada’s cities are currently the most popular for homeowners, taking into account house prices and important amenities:
Guelph, ON
Currently holding onto the top spot, Guelph in Ontario is the most popular city to buy a house in Canada. With an exceptionally high average standard of living, low unemployment rates and a low crime rate, not to mention affordable house prices, Guelph is one of the best cities to live in and raise a family. With a third of the population comprised of families with young children, and average house prices at $527,300, Guelph has a lot to offer homebuyers.
Victoria, BC
Ranked as another highly livable city in Canada, the capital of British Columbia, Victoria, provides its residents with an incredible blend of wildlife and urban living, and is home to some of the most spectacular scenery in the whole country. Victoria also boasts a low crime rate and relatively low house prices, with the cost of an average home at around $678,700.
London, ON
For a city with incredibly low house prices, you might want to consider London, Ontario. With a thriving real estate market and a variety of housing options, London has become a business hub with a low unemployment rate, and also offers its residents well-established healthcare and education facilities, and an average house price of just $394,622.
Stouffville, ON
Situated in the Greater Toronto area of Toronto, Stouffville has many affordable homes, a low unemployment rate and top-rated schools providing world-class education for kids of all ages. This family friendly city remains a popular choice for homebuyers.
Ottawa, ON
Canada’s capital has a lot to offer, with high standards of living, fantastic educational facilities and a vibrant cultural and social scene, it’s also home to several popular attractions, such as the National Gallery of Canada, the Canadian War Museum and Canadian Museum of Nature. Ottawa has a thriving and competitive real estate market, with average home prices at around $403,800, and a wide selection of property types, including many high and low-rise condo developments.
To know more about the specific housing market in the city of your choice, and to find out what mortgage options might be available for you, schedule a meeting with a real estate expert or professional mortgage broker (or both), who can help you make an informed decision about buying your next home in Canada.