Believe it or not, there are cities in Canada where you can buy a luxurious home for $100,000 or less. These homes might not compare in size to mansions in Toronto or Vancouver, but they offer unique charm, modern amenities, and exceptional value. While many of these cities are smaller or located in rural areas, they present excellent opportunities for budget-conscious buyers or investors.
Table of Contents
Here’s a look at 8 cities across Canada where you can snag luxury homes for an incredibly affordable price.
1. Saint John, New Brunswick
House Prices: $75,000–$100,000
Saint John is a coastal city offering a mix of Victorian-style homes and modern properties. Many houses feature spacious layouts, hardwood floors, and large backyards.
- Why It’s Affordable: Saint John has a stable but slow-paced economy, keeping property values low.
- Luxury Home Example:
- Price: $95,000
- Features: Two-story Victorian home with a fireplace, waterfront views, and updated interiors.
16 Affordable Cities in Canada 2024: Find Your Perfect Home Under Budget!
Affordable Canadian Cities: 3 Places to Live Comfortably on an Income Under $60,000 year
Top 4 Affordable Canadian Cities to live on Minimum Wage in 2024
2. Moncton, New Brunswick
House Prices: $80,000–$100,000
Moncton, a growing city in Atlantic Canada, offers affordable housing alongside an active business environment. Upscale homes in this price range often feature modern renovations and generous lot sizes.
- Why It’s Affordable: A low cost of living combined with increasing housing supply.
- Luxury Home:
- Price: $99,000
- Features: Renovated bungalow with high-end appliances, an open-concept kitchen, and a spacious deck.
3. Trois-Rivières, Quebec
House Prices: $85,000–$100,000
Located midway between Montreal and Quebec City, Trois-Rivières is a charming city offering properties with French architectural influences.
- Why It’s Affordable: A lower population density and less demand than larger cities in Quebec.
- Luxury Home Example:
- Price: $100,000
- Features: Historic stone house with a large garden and proximity to the Saint Lawrence River.
4. Thunder Bay, Ontario
House Prices: $90,000–$100,000
Thunder Bay is perfect for those seeking luxury at an affordable price in Ontario. Homes are spacious, with large lots and often modern interiors.
- Why It’s Affordable: The city’s remote location and balanced housing market.
- Luxury Home Example:
- Price: $98,500
- Features: Three-bedroom house with a finished basement, updated kitchen, and a cozy outdoor patio.
7 Canadian Cities Poised for Real Estate Growth
Top 14 Safest Cities in Canada 2025: Where to Live Without Worry
Top 7 Cheapest Places to Buy a House in Ontario 2025
Affordable Living: Top 8 Cheapest Places to Buy a House in BC 2025
5. Corner Brook, Newfoundland and Labrador
House Prices: $85,000–$100,000
Nestled in Newfoundland’s picturesque west coast, Corner Brook offers homes with breathtaking ocean and mountain views.
- Why It’s Affordable: A smaller market with less competition for homes.
- Luxury Home Example:
- Price: $95,000
- Features: Coastal property with panoramic views, a modern kitchen, and hardwood floors.
6. Sault Ste. Marie, Ontario
House Prices: $85,000–$100,000
This northern Ontario city offers affordable homes with access to the Great Lakes and plenty of outdoor recreation.
- Why It’s Affordable: A slower housing market with a focus on outdoor living.
- Luxury Home Example:
- Price: $90,000
- Features: Two-bedroom home with upgraded flooring, a landscaped backyard, and proximity to waterfront trails.
7. Moose Jaw, Saskatchewan
House Prices: $80,000–$100,000
Known for its rich history and small-town charm, Moose Jaw offers budget-friendly homes with ample space and modern upgrades.
- Why It’s Affordable: A stable economy with consistent housing prices.
- Luxury Home Example:
- Price: $89,000
- Features: Spacious bungalow with a fully renovated interior, large kitchen, and finished basement.
8. Bathurst, New Brunswick
House Prices: $75,000–$100,000
Bathurst is a quiet city in northern New Brunswick with affordable homes that boast waterfront views and upscale designs.
- Why It’s Affordable: A small-town market with a focus on relaxed living.
- Luxury Home Example:
- Price: $80,000
- Features: Three-bedroom home with a wrap-around porch, waterfront access, and updated appliances.
Why Are Homes in These Cities So Affordable?
- Population Density: Smaller cities and rural areas generally see less demand for housing.
- Economic Growth: Slower economic growth keeps housing markets steady.
- Lifestyle: Many of these cities offer laid-back living, making them ideal for retirees or remote workers.
Tips for Buying in These Markets
- Work with a Local Realtor: They’ll provide insights into the best properties and neighborhoods.
- Research the Area: Understand the local lifestyle and amenities before buying.
- Inspect Thoroughly: Older homes might require renovations despite their charm.
- Plan for Resale: Consider the long-term value of the property.
Owning a luxury home for $100,000 or less may seem impossible in Canada’s high-demand cities, but places like Saint John, Thunder Bay, and Moose Jaw prove otherwise. Whether you’re looking for a cozy home or a savvy investment, these cities offer an affordable path to luxury living.
Home: Southern Ontario Smart News
Leave a Reply