Top 10 best Canadian cities for housing affordability

With its vast landscapes and diverse communities, Canada offers a wide range of housing options across its provinces. For those seeking affordability without sacrificing quality of life, smaller cities and towns are becoming increasingly attractive. These hidden gems provide residents with lower housing costs, a strong sense of community, and proximity to nature while maintaining access to essential amenities and economic opportunities. 

Whether you’re drawn to the serene riverside charm of Quebec, the vibrant cultural hubs of New Brunswick, or the thriving industries of smaller urban centers, these locations showcase that affordable living in Canada is possible and enriching. Let’s explore the ten best Canadian cities where affordable housing meets exceptional lifestyle offerings.

According to Nesto, these are the top 10 best Canadian cities for housing Affordability

Thetford Mines, Quebec

Located on the Becancour River in the Appalachian Mountains, Thetford Mines is a quiet city of 26,000 people with an intriguing history as the former asbestos capital of Canada. While the mines have long been closed, the city has transitioned into an affordable haven, where the average home price is an incredibly low $172,189. With an average household income of $75,971, residents enjoy a low living cost and access to southern Quebec’s stunning natural beauty.

Edmundston, New Brunswick

Set near the picturesque Madawaska and Saint John Rivers, Edmundston has evolved from a logging settlement into a cultural gem. The city, home to 17,000 residents, offers affordable housing with an average home price of $177,839. With an average household income of $78,251, locals enjoy a balanced lifestyle filled with year-round outdoor activities like skiing, biking, and hiking, thanks to its proximity to the Appalachian Mountains.

Rivière-du-Loup, Quebec

Famed for its whale-watching opportunities along the St. Lawrence River, Rivière-du-Loup is a thriving small city of 21,000 residents. Homes here are priced at an average of $276,874, while the average household income is $88,059. This affordability, combined with its historic charm and role as a key transit hub to the Maritimes, makes Rivière-du-Loup a perfect blend of livability and adventure.

Tracadie, New Brunswick

This Acadian community of 16,000 people is a summertime hotspot, attracting tourists to its pristine beaches and scenic hiking trails. Despite its appeal, Tracadie remains remarkably affordable, with average home prices at $173,111. Paired with an average household income of $76,142, residents can enjoy the region’s rich cultural heritage and natural beauty without stretching their budgets.

Sainte-Marie, Quebec

Situated along the Chaudière River, Sainte-Marie is a picturesque town of 14,000 people, just 45 minutes from Quebec City. Residents here benefit from an average home price of $274,031 and a relatively high household income averaging $97,128. This tranquil yet accessible location is perfect for families or retirees looking for a peaceful lifestyle close to urban conveniences.

Montmagny, Quebec

Known as Canada’s “Snow Goose Capital,” Montmagny is a charming town of 11,000 residents located near Quebec City. With average home prices at $246,630 and a household income of $76,566, the town offers a serene lifestyle with affordable housing. Its annual Snow Goose Festival and strong community spirit add to its unique charm.

Miramichi, New Brunswick

Miramichi, a welcoming city of 18,000 people, is celebrated for its salmon-rich river and vibrant natural surroundings. The city’s average home price of $193,621 makes it an attractive option for buyers, while its average household income of $85,720 ensures a good quality of life. Miramichi is perfect for those who enjoy fishing, forestry, or simply immersing themselves in nature.

Saint-Georges, Quebec

As the largest city in Quebec’s Beauce region, Saint-Georges boasts a population of 35,000 and a strong manufacturing base. Housing remains affordable here, with an average price of $231,095, while residents enjoy an average household income of $86,987. This city offers a vibrant community and promising career opportunities, making it ideal for young professionals and families.

Bathurst, New Brunswick

Nestled on the northeastern coast of New Brunswick, Bathurst is a small city of nearly 12,000 residents with a close-knit community feel. Housing costs are low, with an average home price of $179,592, while the average household income sits at $74,337. Known as the “Snowmobile Capital of Atlantic Canada,” Bathurst offers over 1,000 kilometres of trails for winter sports enthusiasts.

Rimouski, Quebec

Located on the shores of the St. Lawrence River, Rimouski is a bustling city of 50,000 people renowned for its marine research and conservation efforts. The city’s average home price is $282,364, while residents earn an average household income of $88,205. Its scenic coastal views, coupled with a growing economy and affordable housing, make Rimouski an increasingly popular destination for families and professionals alike.