Royal LePage just released its ‘2024 Most Affordable Canadian Cities‘ report. The report says half of residents in Canada’s largest urban centers are eyeing a move to more affordable real estate markets!
The report highlights include:
- Thunder Bay tops the list of most affordable cities in Canada.
- Of the 15 most affordable cities in Canada, four are located Quebec and four in the Atlantic provinces. No British Columbia cities make the affordable list.
- 54% of the survey respondents in the Greater Montreal Area, 51% in the Greater Toronto Area and 45% in Greater Vancouver would consider relocating to one of the most affordable cities.
- Quebec City is the most popular destination among survey respondents in Greater Montreal, while Edmonton is the top ranking choice among Greater Toronto and Greater Vancouver residents.
- Renters are more likely than owners to consider relocating based on housing affordability.
- Besides home prices, lower cost of living is the most popular reason to consider relocating, followed by a desire for proximity to nature and a more relaxed lifestyle.
Flip through the 20 page report for more details…..
SUSSEX - 2024 Most Affordable Canadian Cities