Quebec City 2.6%
Hamilton 1.3%They point out that Victoria is currently 10% above the historical RE inflation trend line. I'd thought it much higher, closer to 15%. I can't find the data I thought I'd read (maybe I'm imagining things again?). Anyone in the know, please chime in.
Why are prairie towns so hot right now? Is it because of oil? Considering that Winnipeg stands 3rd on the list I'd say no. I'm willing to venture a guess that goes something like this: incomes are pretty close across the country, within $10K or so in the same jobs in different cities; young people wanting to buy a home and raise a family look where they can get the best bang for their buck; families add to a city's growth, they get jobs, pay taxes, buy cars and furniture and start businesses too; retirees do add to a city's bottom line, but nowhere near the same scale because they pay less tax, buy less, and don't usually start businesses. Of course, the best option and most sustainable would be a healthy mix of both.