Eighteen Canadian real estate markets with average prices below the national benchmark

Canada still has pockets of relative affordability, but one has to look hard, far, and wide

Eighteen Canadian real estate markets with average prices below the national benchmark

While housing affordability is an increasingly fantastical concept for many Canadians, a new Zoocasa report has highlighted the markets where the average home price remains below the national benchmark of $621,515.

Analyzing the latest data from the Canadian Real Estate Association, Zoocasa noted that the national average home price grew by 23% annually in January. Of the 25 regional housing markets that the report studied, only one market, Regina, had a decrease in its benchmark home price. Another 12 markets posted increases of more than 20%.

Zoocasa ranked the markets with sub-national benchmark home prices, as follows:

18: Regina, SK
Average Home Price: $273,885
Annual Price Growth: -3%

17: Edmonton, AB
Average Home Price: $375,874
Annual Price Growth: 5%

16: Saskatoon, SK
Average Home Price: $331,555
Annual Price Growth: 7%

15: Saint John, NB
Average Home Price: $199,853
Annual Price Growth: 8%

14: Saguenay, QC
Average Home Price: $206,242
Annual Price Growth: 10%

13: Winnipeg, MB
Average Home Price: $320,814
Annual Price Growth: 10%

12: Quebec, QC
Average Home Price: $313,811
Annual Price Growth: 14%

11: Calgary, AB
Average Home Price: $518,237
Annual Price Growth: 15%

10: Thunder Bay, ON
Average Home Price: $258,738
Annual Price Growth: 16%

9: Sherbrooke, QC
Average Home Price: $317,545
Annual Price Growth: 19%

8: Montreal, QC
Average Home Price: $516,350
Annual Price Growth: 20%

7: Gatineau, QC
Average Home Price: $338,679
Annual Price Growth: 21%

6: Trois Rivières, QC
Average Home Price: $225,694
Annual Price Growth: 24%

5: Ottawa, ON
Average Home Price: $591,413
Annual Price Growth: 26%

4: Halifax-Dartmouth, NS
Average Home Price: $433,000
Annual Price Growth: 31%

3: Windsor-Essex, ON
Average Home Price: $492,480
Annual Price Growth: 31%

2: Sudbury, ON
Average Home Price: $356,633
Annual Price Growth: 38%

1: London and St. Thomas, ON
Average Home Price: $608,049
Annual Price Growth: 41%

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