Tired of sky-high prices in Canada’s major cities? Dreaming of peaceful lake mornings, ocean breezes, and cozy community living without the million-dollar price tag? In 2025, a growing number of Canadians are fleeing urban centres in search of affordable waterfront towns that offer the best of nature and lifestyle, with none of the big-city chaos. From East to West, here are some of the most underrated (and still affordable!) waterfront gems in Canada.
1. Yarmouth, Nova Scotia
Located on the southwestern tip of Nova Scotia, Yarmouth is a quiet seaside town where you can still buy waterfront homes for under $400,000. With strong fishing heritage, walkable historic streets, and ocean views in every direction, Yarmouth is a hidden gem for retirees and remote workers alike.
Average Home Price (2025): ~$330,000
Major Perks: Sea-to-table dining, low property taxes, ferry access to the U.S.
2. Powell River, British Columbia
Nestled along the Sunshine Coast, Powell River combines West Coast living with a small-town vibe. It’s more affordable than Victoria or Vancouver Island but offers similar natural beauty. Expect rugged coastline, hiking trails, and kayaking right from your backyard.
Average Home Price (2025): ~$450,000
Major Perks: Oceanfront properties, arts community, ferry access to Vancouver Island
3. Goderich, Ontario
Overlooking Lake Huron, Goderich is often called the “Prettiest Town in Canada”, and for good reason. With turquoise waters, a unique octagonal downtown, and sandy beaches, it’s a great place for families and retirees seeking an Ontario getaway without GTA prices.
Average Home Price (2025): ~$475,000
Major Perks: Stunning sunsets, small-town charm, beach boardwalks
4. Shediac, New Brunswick
This picturesque Acadian town is famous for its lobster, but real estate deals are just as juicy. Located on the Northumberland Strait, Shediac features warm ocean waters and a strong French-speaking culture.
Average Home Price (2025): ~$350,000
Major Perks: Sandy beaches, seafood festivals, growing tourism
5. Port Stanley, Ontario
Located on the north shore of Lake Erie, Port Stanley has a laid-back beach town vibe and a strong sense of community. Though more popular in recent years, it remains one of the most affordable waterfront options in Southern Ontario.
Average Home Price (2025): ~$490,000
Major Perks: Boutique shopping, vibrant food scene, family-friendly beaches
6. Lunenburg, Nova Scotia
A UNESCO World Heritage Site, Lunenburg is steeped in maritime history and coastal beauty. While tourism has boosted home values slightly, it still offers excellent affordability for a scenic port town.
Average Home Price (2025): ~$425,000
Major Perks: Colorful waterfront homes, artsy culture, boating lifestyle
7. North Rustico, Prince Edward Island
A quaint fishing village on PEI’s north shore, North Rustico is just minutes from Cavendish Beach and PEI National Park. Waterfront cottages and character homes are still accessible, making it a quiet yet connected option for young families and retirees.
Average Home Price (2025): ~$370,000
Major Perks: Ocean views, laid-back lifestyle, low cost of living
Final Thoughts
Canada’s major cities might dominate the headlines, but true quality of life often lies in smaller, scenic towns that offer connection, to nature, to community, and to peace of mind. These affordable waterfront towns are not just smart real estate choices in 2025, they’re places where you can actually live.
References
Canadian Real Estate Association (CREA). (2025). National Price Map. https://www.crea.ca/housing-market-stats/national-price-map/
Realtor.ca. (2025). MLS Listings for Atlantic and Coastal Canada. https://www.realtor.ca/
Royal LePage. (2025). 2025 Market Trends Report. https://www.royallepage.ca/en/realestate/news/
Canada Housing Market 
Leave a comment