Like most Canadians, you’re probably wondering, “where are the cheapest houses near me?”
According to the latest Canadian Real Estate Association statistics, the average price for a home in Canada in January 2023 was $612,204. This was a drop of 18.3 percent since the same time last year. Only time will tell whether this trend will continue and whether more people can afford a house. Meanwhile, getting a cheap starter property is not a bad idea. After all, you can fix up and sell at a later profit or move into and never pay rent again. However, you’ll need to be able to work remotely because the cheapest listings in each province tend to be in smaller, more remote towns.
Look back at the cheapest houses in January and February of 2023. Here’s what’s out there for this month:
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