Home prices across Canada have spent several months on the decline as the market adjusts to higher interest rates and increasingly expensive mortgages.
While the national average home price remains above $610K -- and is upwards of $1M in larger markets -- homes can still be found for considerably less across Canada.
For less than $500K, you can find spacious homes in cities from coast-to-coast. Rather than be constrained to a dwindling handful of Toronto condos, the price point allows for spacious detached homes and townhouses in cities like Calgary, Hamilton, and Lunenburg.
For hopeful homeowners on a budget, here are 10 Canadian cities where homes have recently sold for under $500K.
Barrie, Ontario
- Address: 44 - 100 Loggers Run, Barrie
- Bedrooms: 3+1
- Bathrooms: 2
- Size: 1,200-1,399 sq. ft
- Property type: Townhouse
- Price: $418,900
- Listed by:Real Broker Ontario
Hamilton, Ontario
- Address: 132 London Street North, Hamilton
- Bedrooms: 2
- Bathrooms: 2
- Size: 700-1,100 sq. ft
- Property type: Bungalow
- Price: $460,000
- Listed by:Keller Williams Edge Realty
London, Ontario
- Address: 40 - 151 Martinet Avenue, London
- Bedrooms: 3
- Bathrooms: 2
- Size: 1,200-1,399 sq. ft
- Property type: Townhouse
- Price: $440,000
- Listed by:Thrive Realty Group
St. Catharines, Ontario
- Address: 40 - 151 Martinet Avenue, London
- Bedrooms: 2
- Bathrooms: 1
- Size: 1,000-1,199 sq. ft
- Property type: Townhouse
- Price: $413,000
- Listed by:RE/MAX Niagara Realty
Calgary, Alberta
- Address: 128 Erin Grove Close Southeast, Calgary
- Bedrooms: 3
- Bathrooms: 2
- Size: 1,097 sq. ft
- Property type: Detached
- Price: $410,000
- Listed by:RE/MAX iRealty Innovations
Edmonton, Alberta
- Address: 9224 132 Avenue, Edmonton
- Bedrooms: 5
- Bathrooms: 2
- Size: 1,121 sq. ft
- Property type: Bungalow
- Price: $325,000
- Listed by:Digger Real Estate
Lethbridge, Alberta
- Address: 269 Lasalle Terrace West, Lethbridge
- Bedrooms: 3
- Bathrooms: 4
- Size: 1,679 sq. ft
- Property type: Detached
- Price: $430,000
- Listed by:Lethbridge Real Estate
Chilliwack, British Columbia
- Address: 4 - 9446 Hazel Street, Chilliwack
- Bedrooms: 2
- Bathrooms: 3
- Size: 1,152 sq. ft
- Property type: Townhouse
- Price: $376,000
- Listed by:RE/MAX Little Oak Realty
Maple Ridge, British Columbia
- Address: 8 - 12296 224 Street, Maple Ridge
- Bedrooms: 2
- Bathrooms: 1
- Size: 970 sq. ft
- Property type: Townhouse
- Price: $490,000
- Listed by:Keller Williams Elite Realty
Lunenburg, Nova Scotia
- Address: 129 Brook Street, Lunenburg
- Bedrooms: 3
- Bathrooms: 1.5
- Size: 1,698 sq. ft
- Property type: Bungalow
- Price: $428,500
- Listed by:Red Door Realty
