For years, Toronto and Vancouver dominated Canada’s housing market. But with sky-high prices, buyers and investors are looking elsewhere.
The best secondary real estate markets in Canada—like Halifax and London, ON—are now in the spotlight. These cities offer affordability, strong job markets, and increasing demand.
Ready to explore new opportunities? Let’s go!
Why Should You Choose Secondary Markets?
1. More Affordable Than Major Cities
Big cities like Toronto and Vancouver have become too expensive for many buyers. A detached home in Toronto can cost over $1.2 million.
But in London, ON’s housing market, prices are much lower, making it attractive to first-time buyers and investors.
2. Remote Work Trends
With more people working from home, they no longer need to live in expensive downtown areas. Many are relocating to cities with lower costs but still good amenities.
That’s why Halifax’s real estate growth in 2025 is expected to stay strong—buyers love its East Coast lifestyle.
3. Government Infrastructure Spending
The government is investing heavily in highways, transit, and development in these cities. This attracts businesses, boosts job growth, and increases housing demand.
New developments are making these places even more attractive in cities like London, ON, and Halifax.
What are the Top Cities to Watch?
1. Halifax: A Growing Tech Hub with East Coast Charm
Is Halifax a good place to invest in real estate? Absolutely! Halifax is no longer just a university town.
With a booming tech sector and more people choosing a relaxed East Coast lifestyle, demand for housing is rising.
Home prices are still reasonable compared to major cities, making it a great investment spot.
2. London, ON: Affordable Living Close to Toronto
Why is London, Ontario, booming? One big reason: location. It’s just two hours from Toronto but offers much cheaper housing.
London is also home to major universities and hospitals, driving demand for rentals. With a growing population, it’s becoming one of the next hot real estate markets in Canada.
3. Other Growing Markets
As we look ahead to 2025 housing market predictions, secondary markets like Halifax and London, ON, show great promise. These cities are set to grow, offering exciting opportunities for real estate investors.
Besides Halifax and London, other secondary markets are also on the rise:
- Québec City: A stable market with low vacancy rates.
- Moncton: It’s one of the most affordable cities in Canada, with a high demand for rentals.
- Saskatoon: A stronger economy and lower home prices make it a great place for investors.
Know About Investment Risks & Rewards
Investing in secondary markets has pros and cons.
Pros:
- Lower home prices mean smaller upfront costs.
- Higher rental demand in university and job-growth areas.
- Less competition than in Toronto or Vancouver.
Cons:
- Slower price appreciation compared to big cities.
- Fewer buyers if you need to sell quickly.
- Some markets rely heavily on specific industries (e.g., oil, tech, or education).
Conclusion
Canada’s real estate market is changing. The best secondary real estate markets in Canada—like Halifax and London, ON—are becoming prime investment spots.
With lower prices, growing job markets, and rising demand, now is the time to consider these cities.
Want to explore off-market deals? Partner with brokerage houses in Canada and find hidden opportunities before they hit the market!
