Thunder Bay, Ontario is considered the number one Canadian city to buy a home at the moment. Rental rates have increased 22 percent over the past five years, which makes it a solid investment if you are planning to rent. There are many students coming to the Northern Ontario School of Medicine and they all need a place to live. The average home price was $215,922 last year. If you are looking for a city to relocate, Thunder Bay is also a good choice. The jobless rate in the city is at 5.2, comfortably below the national level, and economist project a 2.5 percent GDP growth until the end of the fiscal year.