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Every Province Ranked by Housing Affordability in Canada

Housing affordability looks very different depending on where you live in Canada.

In some provinces, average home prices remain below $400,000. In others, buyers are still facing price tags close to or above $800,000, even after several years of market cooling.

Based on the latest available provincial home price data, here is how every Canadian province ranks from most affordable to least affordable for home buyers.

1. New Brunswick

Average Home Price: Approximately $329,400 to $370,946

New Brunswick remains one of the most affordable provinces in Canada for home buyers.

Even with strong price growth over the past few years, average home prices remain well below the national average. Cities like Saint John, Moncton, and Fredericton have become increasingly popular with buyers looking for more space at lower prices.

2. Newfoundland and Labrador

Average Home Price: Approximately $337,900 to $374,876

Newfoundland and Labrador continues to offer some of the lowest home prices in Canada.

The province has seen prices rise, especially around St. John’s, but homes remain significantly more affordable than in Ontario, British Columbia, or Alberta.

3. Saskatchewan

Average Home Price: Approximately $359,500 to $386,197

Saskatchewan ranks among Canada’s most affordable provinces, especially for detached homes.

Regina and Saskatoon remain much cheaper than most major cities in Ontario or B.C., while still offering urban amenities and strong regional economies.

4. Prince Edward Island

Average Home Price: Approximately $371,700 to $398,673

Prince Edward Island is still relatively affordable compared with larger provinces, although prices have climbed significantly since the pandemic.

The province continues to attract out-of-province buyers looking for a slower pace of life, coastal living, and lower housing costs.

5. Manitoba

Average Home Price: Approximately $373,802 to $401,200

Manitoba remains one of the more affordable provinces in Canada.

Winnipeg, the province’s largest housing market, continues to offer average prices well below those seen in Toronto, Vancouver, Calgary, and many parts of southern Ontario.

6. Nova Scotia

Average Home Price: Approximately $417,700

Nova Scotia has become much less affordable than it once was, especially around Halifax.

However, compared with Ontario and British Columbia, the province remains more affordable overall. Smaller communities outside Halifax continue to offer better value for buyers looking for detached homes or coastal properties.

7. Alberta

Average Home Price: Approximately $511,564

Alberta sits in the middle of Canada’s affordability ranking.

While prices have been rising due to strong population growth and interprovincial migration, Alberta remains significantly more affordable than Ontario and British Columbia.

Calgary has become more expensive, but Edmonton and smaller Alberta cities continue to offer better value.

8. Quebec

Average Home Price: Approximately $547,236 to $568,580

Quebec remains more affordable than Ontario and B.C., but prices have continued rising in many markets.

Montreal is still cheaper than Toronto and Vancouver, while Quebec City and several smaller communities remain more accessible for buyers.

9. Ontario

Average Home Price: Approximately $778,102

Ontario remains one of Canada’s least affordable provinces.

Even though prices have fallen from their pandemic peak in many markets, average home prices remain high due to expensive regions like Toronto, Oakville, Mississauga, Markham, and Richmond Hill.

Northern Ontario remains much more affordable, but the provincial average is heavily influenced by the Greater Toronto Area.

10. British Columbia

Average Home Price: Approximately $925,346

British Columbia ranks as Canada’s least affordable province for home buyers.

Vancouver and the surrounding Lower Mainland continue to push provincial prices far above the national average. Even though prices have softened in some markets, B.C. remains the most expensive province in Canada to buy a home.

Affordability Ranking Summary

RankProvinceApproximate Average Home Price
1New Brunswick$329,400 to $370,946
2Newfoundland and Labrador$337,900 to $374,876
3Saskatchewan$359,500 to $386,197
4Prince Edward Island$371,700 to $398,673
5Manitoba$373,802 to $401,200
6Nova Scotia$417,700
7Alberta$511,564
8Quebec$547,236 to $568,580
9Ontario$778,102
10British Columbia$925,346

The East Coast Remains Canada’s Most Affordable Region

Atlantic Canada continues to dominate the most affordable end of the ranking.

New Brunswick, Newfoundland and Labrador, and Prince Edward Island all remain well below the national average, even after years of increased demand from out-of-province buyers.

However, affordability has been slipping in several Atlantic markets as home prices rise faster than local incomes.

Ontario and B.C. Remain the Least Affordable

Ontario and British Columbia continue to sit at the bottom of Canada’s affordability ranking.

Even with slower sales, higher inventory, and price declines in some cities, average prices remain far above the rest of the country.

For many first-time buyers, the gap between provinces is now enormous. A buyer in New Brunswick may be looking at homes in the mid-$300,000 range, while a buyer in B.C. may face prices close to $1 million.

The Bottom Line

Canada’s housing affordability gap remains massive.

New Brunswick, Newfoundland and Labrador, Saskatchewan, PEI, and Manitoba remain the most affordable provinces for buyers, while Ontario and British Columbia continue to be the most expensive.

As home prices, mortgage rates, and migration patterns continue shifting through 2026, affordability will likely remain one of the biggest forces shaping Canada’s housing market.

References

Kaleylangille

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