A new home is displayed for sale in a new housing development in Ottawa on Tuesday, July 14, 2020. Prospective buyers have lamented the torrid pace Canada's real estate market has moved at in recent years, but many feel 2023 may be the year their luck changes. THE CANADIAN PRESS/Sean KilpatrickIf you are looking for an affordable home in the national capital region, you should shop in Gatineau, Que., according to a new report.
“Many regions of the province have seen property values rise since 2020, but the majority remain more affordable than other major cities in Canada,” Dominic St-Pierre, senior vice-president of Business Development at Royal LePage, said in a statement. “The Gatineau region is a good example; it's one of the markets to have seen the biggest price increases in the province, but when compared to the neighbouring Ottawa market, prices remain almost half as high.
The Royal LePage survey finds many people living in Canada’s largest cities would consider moving to one of Canada’s most affordable cities to buy a home. Fifty per cent of respondents in Toronto, Montreal and Vancouver said they would move to one of the most affordable Canadian cities, if they were able to find a job or work remotely.
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