Where in Canada is property still affordable for investors?
Thinking of investing in Canada, but big cities seem out of reach. Are there still good long-term opportunities outside Toronto and Vancouver?
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Thinking of investing in Canada, but big cities seem out of reach. Are there still good long-term opportunities outside Toronto and Vancouver?
Absolutely. If you're willing to look beyond the big-name cities, there’s still plenty of opportunity. Real estate in Canada covers a huge range of locations with very different price points. For example, places like Halifax, Winnipeg, and even certain neighborhoods in Ottawa offer strong rental returns and much lower entry points. I helped my cousin purchase a duplex in Halifax for CAD 460K last year. It was already split into two rental units, and both were occupied within a month of purchase. Another popular move now is buying in secondary cities near major metros — like Hamilton near Toronto or Langley near Vancouver. They benefit from big-city spillover but still offer better prices. If you’re thinking long-term, especially for rental income, look for university towns or places with growing populations — that’s where the demand will stay strong.