Thinking of making a move in the near future? Then you might want to check out the latest list of the best places to buy real estate in Canada. The personal finance magazine MoneySense has released its 2021 roundup, based on a number of factors. Let’s check it out!
There were two main categories used for the rankings- value/home growth and neighbourhood economics. The value/home growth side includes average prices in the area, plus how much it has increased over the past few years. Meanwhile, neighbourhood economics are things like renting vs. buying, education levels, and different kinds of income.
— MoneySense (@MoneySense) June 28, 2021
So, with that in mind, here’s what the top 10 looks like, with the average prices included:
- Bancroft, Ontario- $292,733
- Woodstock/Ingersoll, Ontario- $433,383
- London/St. Thomas, Ontario- $436,433
- Tillsonburg, Ontario- $394,617
- Huron-Perth, Ontario- $383,092
- Greater Moncton, New Brunswick- $200,267
- Quinte, Ontario- $359,925
- Grey Bruce/Owen Sound, Ontario- $346,317
- Simcoe, Ontario- $406,408
- Lakelands, Nova Scotia-$416,525
Barring just two picks for the Maritimes, the top 10 was completely dominated by Ontario regions. While not directly addressed in the roundup, we’re willing to hazard an explanation. Unlike BC, where suburbs and nearby towns have faced the same issues as the city, there are still tons of smaller communities near metropolitan hubs like Toronto that aren’t quite at a ludicrous price point. As working remotely becomes more prominent and skilled workers look to upgrade, a better deal in a town like Bancroft (3 hours outside Toronto) is a great way to stretch your dollar.
To check out the full list of the best places to buy real estate in Canada, just click here!