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The Cheapest Houses You Can Buy in Canada Right Now

The recent drop in interest rates may be just the motivation you need to enter the housing market. But the high cost of housing might throw cold water on that idea. According to the Canadian Real Estate Association, the average home price in May (the latest numbers available) was just under $700,000. However, that’s actually a four per cent drop from a year ago.

Don’t give up just yet. If you can adopt a more rural lifestyle or relocate to a province with lower prices, you’ll find significantly cheaper houses. And if you’re willing to take on a fixer-upper, you’ll find even more options. With a change in lifestyle and some sweat equity, you can find a decent home that, down the road, could return a decent profit if you decide to sell.

We’ve picked a sample of properties across the country and, in most cases, tried to keep the price under $100,000. We’ve also included a few listings that could be used as a second or recreational property. All listings are valid as of July 19, 2024.



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