For quality red wines, you really can't beat Argentinian malbec - which is usually between $12-$16 a bottle. Just make sure you look for something at least 2 years old - or age anything you buy that's younger than that.
As far as cheap whites go, there are more options. The best bang for your buck in Canadian whites is probably Calona Vineyards' Sovereign Opal, which is usually $13-$14.
But if you really want to stock up well, you're best served heading out to the Okanagan in the summer, doing a wine tour, and buying what you like. It's a fun process, and your collection will be a personal one - full of wines you know you like.
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