5 of the cheapest places in Canada to buy a home

 A  New Brunswick city is the cheapest one in Canada to buy property, with the average price in June being $157,124,

Would you describe yourself as house-poor? Are you scraping together money for a down payment on a home the size of your parents’ tool shed? There’s a solution to all this house-price madness: move to Moncton.

The New Brunswick city is the cheapest one in Canada to buy property, with the average price in June being $157,124, according to the Canadian Real Estate Association. That makes Vancouver’s average price of $772,569 and Toronto’s of $542,174 look even more absurd.

Across the country, the actual (not seasonally adjusted) national average price for homes sold in May was $388,910, an increase of 3.7 per cent from the same month last year.

Here’s a look at five of the cheapest cities to buy a house in Canada. Start packing.

READ FULL STORY:  Courtesy of Yahoo Finance

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