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Maritimes dominate list of best places to buy real estate

By Tara Clow Apr 25, 2023 | 1:10 PM

The results from the 2023 edition of MoneySense’s ‘Where to Buy Real Estate in Canada’ are out and the Maritimes have dominated the top 10.

For the second year in a row, the Greater Moncton area placed first for real estate value.

Forty-five neighbourhoods and municipalities from coast to coast were ranked in partnership with Zoocasa, taking into account average home prices, price growth over time, as well as neighbourhood characteristics and economics.

Justin Dallaire, senior editor at MoneySense says, “Home prices in Greater Moncton are far below the national average, and they were more resilient than other markets to the real estate downturn of 2022. The region continues to be an attractive destination, especially for those new to homeownership.”

The average 2022 home price in the Greater Moncton area was $320,817, and the city has seen 3-year growth of 84 per cent.

Saint John placed fifth on the list with an average home price for 2022 of $276,450, with a 54 per cent growth over three years.

Halifax/Dartmouth landed in sixth spot, with the average cost of home sitting at around $506, 625.

Fredericton also made the list in fourth sport, with the average home selling for around $284, 450.

The full list can be found HERE.


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