This is where you can still buy homes in Canada for less than $ 200,000

It is difficult to find affordable housing in Canada’s largest cities. (REUTERS / Carlos Osorio)

Many Canadians may feel out of the hot real estate market, but there are still some cities in the country where buyers can buy homes for less than $ 200,000.

But you probably won’t find these houses in Ontario or British Columbia.

This is according to a Point2Homes.com analysis of real estate prices across the country, based on all active listings and pending sales for the first week of May. The online real estate company found that 10% of all homes for sale in Canada are listed for less than $ 200,000, and very few are in the most populous and expensive cities in Canada. Less than one percent of listings for sale in the largest and most expensive cities in the country had less than $ 200,000.

In Ontario, Kawartha Lakes was the only region where 4.8% of homes for sale were priced at $ 200,000 or less. There are no homes in Toronto, Mississauga and Brampton with homes below $ 200,000. In BC, Kelowna was the city with the highest percentage of homes listed for less than $ 200,000 with only 0.96 percent. Vancouver and Burnaby were not listed for less than $ 200,000, while Abbotsford had 14 of 1,000 homes for sale for less than $ 200,000.

However, there are regions where more affordable housing can still be found.

“Home buyers who are willing to expand their housing search in the larger cities of the Prades, Atlantic Canada or Quebec can choose wider concentrations from more affordable listings,” Point2 said.

These are the places in Canada with the largest proportion of homes listed for less than $ 200,000. Point2 analyzed the largest cities in each region of the country, such as Atlantic Canada, Quebec, Ontario, the Prades, and BC.

1. Cape Breton, NS – 44.2%

2. Regina, Sask. – 36.5%

3. Saint John, NB – 26.72%

4. Lethbridge, Alta. – 26.1%

5. Edmonton, Alta. – 24.63%

6. Saskatoon, Sask. – 23.47%

7. Winnipeg, Home. – 23.45%

8. Red Deer, Alta. – 22.8%

9. St. John’s, Nfld. – 13.46%

10. Quebec City, Que. – 9.85%

The story goes on

Atlantic Canada had the highest proportion of affordable housing, with 44.2% of the listings in Cape Breton, NS, with less than $ 200,000. However, Halifax, the largest city in the region, had only 1.63 percent of the households listed for less than $ 200,000.

Les Prades has eight cities where affordable housing is a major part of the real estate market. Of the total homes for sale in Regina, Sask., 36.5 percent are less than $ 200,000. Lethbridge, Alta. had 26.1 percent of homes listed for less than $ 200,000, followed by Edmonton, Alta. (24.63 percent), Saskatoon, Sask. (23.47%), Winnipeg, Man. (23.45%) and Red Deer, Alta. (22.8%).

Alicja Siekierska is a senior journalist for Yahoo Finance Canada. Follow her on Twitter @alicjawithaj.

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