{"id":25488,"date":"2023-11-20T06:00:00","date_gmt":"2023-11-20T11:00:00","guid":{"rendered":"https:\/\/www.zoocasa.com\/blog\/?p=25488"},"modified":"2023-11-24T09:04:21","modified_gmt":"2023-11-24T14:04:21","slug":"home-prices-canadas-happiest-cities-2023","status":"publish","type":"post","link":"https:\/\/www.zoocasa.com\/blog\/home-prices-canadas-happiest-cities-2023\/","title":{"rendered":"Here\u2019s How Much Homes Cost in Canada\u2019s Happiest Cities"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">According to the <a href=\"https:\/\/worldhappiness.report\/\" target=\"_blank\" rel=\"noreferrer noopener\">World Happiness Report 2023<\/a>, Canada ranks 13 out of 137 in terms of happiness levels, outranking the United States, Germany, the United Kingdom and many others.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But not all cities within Canada are equally happy, so Point2Homes took that research a step further and narrowed down the happiest cities in Canada based on economy &amp; real estate, location &amp; demographics, health &amp; well-being, and community &amp; environment.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">One element the research didn\u2019t consider was average home prices, a factor that any potential homebuyer can attest to being influential on their happiness. So in order to find the most affordable cities of the happiest cities, Zoocasa analyzed the average home prices for the top 20 happiest cities in Canada and found the rate of price growth for each.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>Enjoying our content? Subscribe to our free<\/em><\/strong><a href=\"http:\/\/zoocasa.com\/newsletter\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><em> weekly newsletter<\/em><\/strong><\/a><strong><em> to get real estate market insights, news, and reports straight to your inbox.<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Benchmark prices were sourced from the Canadian Real Estate Association, the Toronto Regional Real Estate Board, the Real Estate Board of Greater Vancouver, the Quebec Professional Association of Real Estate Brokers, and the Fraser Valley Real Estate Board. For the purpose of this report, Repentigny, Blainville and Terrebonne (which ranked 11, 12, and 13 on Point2Homes list) were combined and represented by the singular North Shore of Montreal. Home price data for Granby, QC and Strathcona County, AB were not available and thus were not included in this report.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"1470\" src=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/11\/Happiest-Cities-1.png\" alt=\"\" class=\"wp-image-25493\" srcset=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/11\/Happiest-Cities-1.png 600w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/11\/Happiest-Cities-1-122x300.png 122w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/11\/Happiest-Cities-1-418x1024.png 418w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/11\/Happiest-Cities-1-768x1882.png 768w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/11\/Happiest-Cities-1-627x1536.png 627w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/11\/Happiest-Cities-1-836x2048.png 836w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/figure>\n\n\n\n<h1 class=\"wp-block-heading\">Halton Region Cities Ranked the Happiest But at a Cost<\/h1>\n\n\n\n<p class=\"wp-block-paragraph\">Money can\u2019t buy happiness but it certainly can buy you a home in one of the top five happiest cities in Canada, all of which have an average home price above $900,000 and three of which are in Halton Region.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.zoocasa.com\/caledon-on-real-estate\" target=\"_blank\" rel=\"noreferrer noopener\">Caledon<\/a> was ranked the happiest city in Canada but it also has the highest average home price of all of the top twenty cities, with an average price of $1,401,951 in October 2023. Compared to other top-ranking cities, Caledon\u2019s 3-year and 5-year price growth is moderate at 13.5% and 44.2% respectively.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Read: <\/strong><a href=\"https:\/\/www.zoocasa.com\/blog\/luxurious-caledon-home-hidden-in-plain-sight\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Hidden in Plain Sight: This Luxurious Caldeon Home is a Nature-Immersed Masterpiece<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.zoocasa.com\/milton-on-real-estate\" target=\"_blank\" rel=\"noreferrer noopener\">Milton<\/a> and <a href=\"https:\/\/www.zoocasa.com\/halton-hills-on-real-estate\" target=\"_blank\" rel=\"noreferrer noopener\">Halton Hills<\/a> followed, both with an average home price above $1,000,0000, though Halton Hills stands out at having a 5-year price growth of 58.2% which is the third-highest rate of growth among the cities we analyzed. This means that Halton Hills homeowners can expect to build a significant amount of equity there, potentially more than in both Caledon and Milton.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The most affordable city in the top five and the most affordable Ontario city to make the list is <a href=\"https:\/\/www.zoocasa.com\/clarington-on-real-estate\" target=\"_blank\" rel=\"noreferrer noopener\">Clarington<\/a>, which at $914,233, has an average home price still out of reach for what many homebuyers can afford. Despite this, Clarington had the second-highest 5-year price growth at 69%, meaning homebuyers here can more quickly build equity.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Only four cities outside of Ontario and Quebec made it into the top twenty happiest cities list, with all four coming from the <a href=\"https:\/\/www.zoocasa.com\/vancouver-bc-real-estate\" target=\"_blank\" rel=\"noreferrer noopener\">Greater Vancouver<\/a> area. Of those, <a href=\"https:\/\/www.zoocasa.com\/port-coquitlam-bc-real-estate\" target=\"_blank\" rel=\"noreferrer noopener\">Port Coquitlam<\/a> is the most affordable with an average home price in October of $954,500.&nbsp;<\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Quebec Takes the Crown for Both Happiness and Affordability&nbsp;<\/h1>\n\n\n\n<p class=\"wp-block-paragraph\">With an average home price of $255,000, Saguenay takes the title of being the most affordable city of the happiest cities. Located around 200km north of Quebec City, Saguenay ranked 9th of the happiest cities in Canada and for good reason; average home prices in Saguenay are almost $100,000 cheaper than the next most affordable city, L\u00e9vis, and $476,100 cheaper than the national average in October.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As the second most affordable city and the 6th happiest in Canada, L\u00e9vis is another good option for homebuyers looking to live in a more urban area without sacrificing their budget. The average home price in October 2023 in L\u00e9vis was $340,000 and it is the only city we analyzed that experienced a 3-year price drop, decreasing by 23.6% since 2020.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Read: <\/strong><a href=\"https:\/\/www.zoocasa.com\/blog\/crea-oct-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>National Sales Slowdown Continued in October as Buyers \u2018Hibernating\u2019: CREA<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The North Shore of Montreal, which includes Repentigny, Blainville, Terrebonne, and Laval followed with average home prices of $487,000 and $538,750 respectively in October. The North Shore of Montreal has experienced significant price growth in the past five years, with prices jumping by 80% since 2018 and 34.5% since 2020, indicating how strong housing demand is here. In order to meet this growing demand, <a href=\"https:\/\/www.newswire.ca\/news-releases\/federal-government-announces-over-925-million-for-nearly-3-000-new-rental-homes-in-montreal-north-shore-and-south-shore-824667520.html\" target=\"_blank\" rel=\"noreferrer noopener\">the federal government<\/a> announced on November 16 that it is investing over $925 million to build nearly 3,000 rental homes across Montreal.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you\u2019re looking to enter one of these markets, it\u2019s important to speak with a local realtor who can give you specific information and guidance about the local real estate market. <a href=\"https:\/\/www.zoocasa.com\/buy-with-zoocasa\" target=\"_blank\" rel=\"noreferrer noopener\">Give us a call today<\/a> to discuss your home-buying plans.&nbsp;<\/p>\n\n\n<div class=\"cta\">\n<div class=\"cta-left\">\n<div class=\"cta-title\">Want to find a home in one of Canada&#8217;s happiest cities?<\/div>\n<div class=\"cta-body\">Sign up for a free Consultation<\/div>\n<\/div>\n<div class=\"cta-right\"><a href=\"https:\/\/www.zoocasa.com\/sell-with-zoocasa\"><button class=\"cta-button\">Talk To Our Experts<\/button><\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>According to the World Happiness Report 2023, Canada ranks 13 out of 137 in terms of happiness levels, outranking the United States, Germany, the United Kingdom and many others.&nbsp; But not all cities within Canada are equally happy, so Point2Homes took that research a step further and narrowed down the happiest cities in Canada based [&hellip;]<\/p>\n","protected":false},"author":132,"featured_media":25495,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"0","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"1","show_popup_post":"0","number_popup_post":"1","show_author_box":"1","show_post_related":"1","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"footnotes":""},"categories":[1170,76,1111,1113],"tags":[],"class_list":["post-25488","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-british-columbia","category-buying-a-home","category-canada","category-ontario"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Here\u2019s How Much Homes Cost in Canada\u2019s Happiest Cities | Zoocasa Blog<\/title>\n<meta name=\"description\" content=\"Money can&#039;t buy happiness but it can buy you a home in one of the top five happiest cities in Canada. See what cities made our list of the most affordable cities of the happiest cities in Canada.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zoocasa.com\/blog\/home-prices-canadas-happiest-cities-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Here\u2019s How Much Homes Cost in Canada\u2019s Happiest Cities | Zoocasa Blog\" \/>\n<meta property=\"og:description\" content=\"Money can&#039;t buy happiness but it can buy you a home in one of the top five happiest cities in Canada. See what cities made our list of the most affordable cities of the happiest cities in Canada.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zoocasa.com\/blog\/home-prices-canadas-happiest-cities-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"Zoocasa Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Zoocasa\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-20T11:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-24T14:04:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/11\/Blog-x-Social-Images-2023-11-16T161347.051.png\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"338\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Mackenzie Scibetta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/11\/Blog-x-Social-Images-2023-11-16T161347.051.png\" \/>\n<meta name=\"twitter:creator\" content=\"@Zoocasa\" \/>\n<meta name=\"twitter:site\" content=\"@Zoocasa\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mackenzie Scibetta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.zoocasa.com\/blog\/home-prices-canadas-happiest-cities-2023\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.zoocasa.com\/blog\/home-prices-canadas-happiest-cities-2023\/\"},\"author\":{\"name\":\"Mackenzie Scibetta\",\"@id\":\"https:\/\/www.zoocasa.com\/blog\/#\/schema\/person\/f94c43a0733031723a673cfb21916c34\"},\"headline\":\"Here\u2019s How Much Homes Cost in Canada\u2019s Happiest Cities\",\"datePublished\":\"2023-11-20T11:00:00+00:00\",\"dateModified\":\"2023-11-24T14:04:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.zoocasa.com\/blog\/home-prices-canadas-happiest-cities-2023\/\"},\"wordCount\":813,\"publisher\":{\"@id\":\"https:\/\/www.zoocasa.com\/blog\/#organization\"},\"articleSection\":[\"British Columbia\",\"Buying a Home\",\"Canada\",\"Ontario\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.zoocasa.com\/blog\/home-prices-canadas-happiest-cities-2023\/\",\"url\":\"https:\/\/www.zoocasa.com\/blog\/home-prices-canadas-happiest-cities-2023\/\",\"name\":\"Here\u2019s How Much Homes Cost in Canada\u2019s Happiest Cities | Zoocasa Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.zoocasa.com\/blog\/#website\"},\"datePublished\":\"2023-11-20T11:00:00+00:00\",\"dateModified\":\"2023-11-24T14:04:21+00:00\",\"description\":\"Money can't buy happiness but it can buy you a home in one of the top five happiest cities in Canada. 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