The Tiny house Blog

Best Places In Canada To Buy A Small Home Under $300k

Updated on:
August 30, 2023
harbor with canada city skyline

With the large housing boom that has swept the nation in the last few years, many people have assumed that housing has become unattainable and unaffordable, but they couldn't be more wrong. Buying a home in Canada is an excellent idea if you are looking to live in one of the most beautiful countries in the world and you want an affordable home. There are plenty of great cities all over the country with great homes for sale, so let's take a look at the best places in Canada to buy a small home under 300k.

Note: the median home value represents the average home price. Smaller homes will likely be significantly less expensive than the median home value, and many of these great cities have plenty of homes available that are under $300,000.

1) Saskatoon, Saskatchewan - Median home value= $370,000

This fantastic city has seen a significant increase in population within the metro area of the city, along with a rise in job opportunities in the last few years. There are currently over 400 listings for homes under 300k in Saskatoon, and many of them are perfect starter homes for growing families. The city is a great place to consider if you are looking for a smaller metro city, and it's one of the best places to go if you want to work in agriculture, digital media or distribution.

2) Brandon, Manitoba - Median home value= $280,000

Brandon, Manitoba, is a great place to consider for those who are looking to save a large amount of money on their new home or those who want to invest in some excellent properties. Brandon has seen unprecedented real estate prices in the last few years, which has made many people start flocking to the area to purchase some of the incredible homes. The current average is far below the national average for homes, and there are currently over 100 listings for fantastic-looking homes under $300,000. 

3) Thunder Bay, Ontario - Median home value= $ 340,000

Ontario has seen an incredible increase in home prices within the last few years which has led to many areas becoming overpriced and others ending up with low inventory. Luckily, Thunder Bay has remained a fantastic choice for those who want affordable housing, and the area's median home price is an excellent indication of that. Thunder Bay is in a fantastic location, and it's started to become a popular city for those who are looking to attend some of the local post-secondary schools. 

4) Cache Creek, British Columbia - Median home value= $390, 000

British Columbia has some of the most beautiful homes in the country, and the province is known all over for its stunning views and incredible outdoor activities. Cache Creek has started to become a great place to consider for those who want affordable property in a gorgeous area. There are quite a few active listings in the area for smaller homes, so you have plenty of chances to find the home of your dreams. 

5) Saguenay, Quebec - Median home value= $ 230,000

Quebec is known for its incredible history and amazing culture, but many people don't know that there are many amazing cities with fantastic homes prices. Saguenay is a hidden gem that is situated about 2 hours away from Quebec city, and it has some of the best home prices in the country for smaller family-style homes. The prices are unbelievable, and there are a large variety of homes available on the current market that are under $300k.

But it's not just Saguenay that has value to offer. There are also many condos for sale in Montreal, a vibrant city with a rich cultural mix, providing a different, yet equally appealing lifestyle and housing opportunities.

6) St. John, New Brunswick - Median home value= $280,000

The east coast has started bringing in people from all over the country who are looking to live near the roaring water and experience the incredible views. St. John has become a real estate hot spot after the Maritimes started to become featured on many home renovation shows, and this has made the real estate market flourish. Homes are selling at a slow rate, but there are plenty available for you to choose from, and many of them are very inexpensive compared to the national average for a single-family home

7) Red Deer, Alberta - Median home value = $380,000

Alberta is a great choice to consider for anyone who wants to work in one of the many natural resource sectors, but real estate can be hard to find. Edmonton and Calgary have large populations, but that has increased their real estate prices to the point where it is unachievable for many. Red deer is a fantastic alternative, and the home prices are much lower than the other large cities. 

View the Ellie by Teacup Tiny Homes

8) Teacup Tiny Homes – Median home value = $120,000

Teacup Tiny Homes is a renowned tiny home on wheels builder based in Alberta, Canada. Their designs are unmatched and they have been rated the most fun tiny home builder to work with. The best part? Since the tiny homes are on wheels, you can take your tiny home with you to any part of Canada. They can customize your home, and they're extremely affordable!

There are so many different cities all over the country where you can find an affordable home that suits your or your family's needs. Try and focus on some of the cities that are just outside of the metro areas so you can get a great deal on a home while remaining close to everything you need. These are just a few of the great places in the country where you can snag yourself a dream home at an impressive price, but there are plenty of other ones out there if you know where to look. 

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