If you are looking to buy real estate in Canada this year, you will need to do your research and take a few surprising factors into account. During and after the COVID-19 pandemic, people started to appreciate the ability to work remotely and further away from densely populated cities. This is why we have seen suburban real estate prices soar over the past few years.
Does this mean you should not buy a house in a densely populated area? Well, not really. Here are some of the top places to buy a home in Canada today.
Thunder Bay, Ont
Considering everything we have said about the pandemic, Thunder Bay is the ideal place to live. It is located near the United States, but is still considered a small city. Thunder Bay offers a mix of massive city opportunities and small town affordability and provides plenty of free time for outdoor activities and nature appreciation. The estimated median selling price for a detached home in Thunder Bay this year is $366,350.
The Canadian capital is among the best places to live if you want to experience a prime quality of life. Metropolis offers everything you could want because of its thriving economy and multicultural variety, from great career and educational opportunities to the numerous activities you can participate in. Ottawa also ranks second in quality of life in the Americas, in addition to the third cleanest city worldwide. The average home price in Ottawa in May 2022 was $731,306.
Mississauga City is an incredible city to live in. If you want to live in a diversified community, Mississauga is the perfect place for you. It is quite densely populated, and more than 50% of the population speaks a second language. It has a big variety of activities that you can take part in.
The median selling price of homes in Mississauga as of May 2022 was $1,170,211. While these may be quite expensive, you can absolutely find cheaper ones homes for sale in Mississauga, ON if you spend time searching for them. Don’t miss your chance to settle in this bustling city with many opportunities waiting to be seized.
Charlottetown is a superb city to move to if you’re searching for a good quality of life without having to endure the noise and bustle of a metropolis. The scenery is lovely and housing prices are usually low. That public is also a big part of why life in Charlottetown is so peaceful: they’ve stuck together through trying times and have overcome the hardships of the pandemic with grace. The average price of a house in Charlottetown is $339,000.
Becoming a home owner does not must be a distant dream for anyone in any part of Canada. There are many reasons why you might want to buy a home, from not having to pay perpetual rent, to building equity and owning a place to yourself. Whether you are a first-time home buyer or not, this article will hopefully shed light on where to look if you are looking to buy a home for yourself.