Toronto and Vancouver used to dominate Canada’s housing conversation — but not anymore. With affordability strained and remote work here to stay, smaller and mid-sized cities are booming.
Affordability Is the Key Driver
The average detached home in Toronto hovers near $1.1 million; in Vancouver, it’s even higher. In contrast:
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Halifax: around $550,000
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Calgary: about $600,000
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London, ON: roughly $650,000
For many families, moving just a few hours away can mean the difference between renting and owning.
Remote and Hybrid Work Changed Everything
The pandemic normalized remote work. Now, many Canadians can live anywhere — as long as they have Wi-Fi. Cities like Kelowna, Ottawa, and Moncton have seen population booms thanks to their balance of affordability and quality of life.
Quality of Life and Community
Smaller cities offer shorter commutes, cleaner air, and lower crime rates. Many are investing heavily in transit, cultural amenities, and new housing developments to attract newcomers.
Economic Opportunity Is Expanding
Tech and healthcare sectors are growing beyond major metros. Calgary has reinvented itself as a tech hub, while Halifax and Winnipeg are seeing job growth across diverse industries.
Real Estate Perspective
Investors are following the migration trend. Lower prices mean lower barriers to entry — and higher potential returns. Rental demand is strong in cities experiencing rapid population growth, especially from newcomers.
Final Thoughts