Thunder Bay Named Best City to Buy Real Estate

Looking to buy real estate in an area with the best value? MoneySense magazine has determined that Thunder Bay is your best bet! According to research, the Northern Ontario city's real estate prices have appreciated faster than any other city in Canada.

In Thunder Bay, the average household income is $81,000, while homes are relatively affordable at around $216,000 (two and a half times the average household income). The rent to mortgage ratio is also good, with an average monthly rent cheque being able to cover a mortgage payment and then some.

Thunder Bay not your dream city? You can check out the top ten cities in Canada to buy real estate below or head to MoneySense for the full list!

Top 10 Canadian Cities to Buy Real Estate In

1. Thunder Bay, Ontario
2. Hamilton, Ontario
3. Brantford, Ontario
4. Guelph, Ontario
5. Vancouver, British Columbia
6. Regina, Saskatchewan
7. Winnipeg, Manitoba
8. Barrie, Ontario
9. Durham/Oshawa, Ontario
10. Edmonton, Alberta