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Where to buy homes for under $200,000

June 26, 2023

$119,000: house listed June 15, 2023, in Glace Bay, NS.
| Coldwell Bankers, Sydney NS

The cost of housing in B.C. and Ontario is a major barrier as young people struggle to get careers and families started. In fact, a recent survey found that only 10 per cent of all homes listed for sale in Canada are priced at $200,000 or less.
That price is about one-quarter of the average national home price and is a reference point to gauge the share of what is often referred to as an affordable listing, according to a national survey by Point2 real estate agency.
In Edmonton there are 1,300 homes listed at that price and 36 per cent of all homes for sale in Regina are also available for $200,000 or less.
Cape Breton, Nova Scotia, leads the way with the highest share, 45 per cent,  of homes for sale priced at $200000 or less., followed by Saint John, NB. What's more, these two cities also have the lowest benchmark prices of all the cities on this list, both well below $300,000.
The Point2 survey also found 7 per cent of Calgary homes for sale were below $200,000; Saskatoon had almost 23.5 per cent of listings at that level and nearly a quarter of Winnipeg homes were also below $200,000.



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