No matter where you live in Canada, you’ve probably experienced the effects of a challenging economy. From skyrocketing gas prices to increasingly high grocery bills, it’s impacting everyone’s day to day. One of the biggest victims of rising costs is the real estate market. That said, affordable places still exist in Canada.

Here are 12 of the most cost-effective places to buy a home right now, based on recent data from Royal LePage.

1. Charlottetown, P.E.I.

The charming capital of our favourite red-haired book character’s home island of P.E.I. is not only home-y in spirit, but it’s surprisingly affordable!

Take a look at this listing: 398 Queen Street, Charlottetown, P.E.I.

2. St. John’s, Nfld.

Median price: $347,000

The Rock is well-loved for its kind people, delicious seafood, and—apparently—its reasonable home prices.

Take a look at this listing: 1 Clark Place, St. John's, Nfld.

3. Saint John, N.B.

Median price: $277,800

There’s a reason why many Ontarians have considered an exodus to the lovely city of Saint John, New Brunswick. The province is home to stunning parks, markets, and museums.

Take a look at this listing: 16 Alward, Saint John, N.B. 

4. Fredericton, N.B.

Median price: $348,600

New Brunswick strikes again! Nestled along the Saint John River, this quaint city is known for its artsy flair.

Take a look at this listing: 484 102 Route, Burton, N.B. 

5. Quebec City, Que.

Median price: $387,000

This historic city is not only a delightful tourist destination but a wonderfully affordable place to live! Quebec City is also a rising tech hub, so be on the lookout for plenty of new job listings.

Take a look at this listing: 399 Boul. René-Lévesque O., Québec, Que.

6. Trois-Rivières, Que.

Median price: $345,100

Situated about halfway between Montreal and Quebec City, this lesser-known city is by no means small. Over 137,000 people call Trois-Rivières home.

Take a look at this listing: 130 Rue Bourbeau, Trois-Rivières, Que. 

7. Sherbrooke, Que.

Median price: $371,700

From art museums to skiing to nature reserves, there’s something for everybody in this charming city in southern Quebec.

Take a look at this listing: 2731Z Rue Vaudreuil, Sherbrooke, Que.

8. Thunder Bay, Ont.

Median price: $305,200

Is it just us, or did everyone travel to northern Ontario over the summer? There’s a good reason for it. Thunder Bay sits along Lake Superior and has endless opportunities for outdoor activities.

Take a look at this listing: 733 Ernestine Avenue, Thunder Bay, Ont.

9. Winnipeg, Man.

Median price: $403,600

This underrated city is chock full of cultural, artistic, and outdoor things-to-do. Plus, you can live there comfortably while doing so!

Take a look at this listing: 319 Gilmore Avenue, Winnipeg, Man.

10. Regina, Sask.

Median price: $384,800

Saskatchewan’s capital is flourishing, with record-numbers of population growth, and the city plans to accelerate its home building to keep up.

Take a look at this listing: 3703 Allen Avenue, Regina, Sask.

11. Lethbridge, Alta.

Median price: $351,300

Lethbridge, just south of Calgary, is home to just over 100,000 residents plus students from the city’s university. It’s known to be a gateway between the nearby Rocky Mountains and Canadian Badlands.

Take a look at this listing: 41 Athabasca Way West, Lethbridge, Alta.

12. Red Deer, Alta.

Median price: $424,900

Looking to get in touch with a more down-to-earth lifestyle? Red Deer—known for its mining, quarrying, and gas and oil industries—is a great place to look for a home.

Take a look at this listing: 85 Kendrew Drive, Red Deer, Alta.

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