Comparing to last year, the average selling price of a Canadian home was $391,820 in October, which is around 8.5 per cent increase. However, the trend also showed a split between hot markets in the West, and cooler ones in Eastern Canada.

Interestingly, the growth is almost entirely coming from Western Canada. In terms of total sales volume, the hottest markets this year are Calgary, Edmonton, and Vancouver, according to BMO economist Doug Porter. On a provincial basis, B.C. led the country with a 26 per cent increase in sales. There are more strong numbers as one moves east across the country, before starting to decline east of Ontario. The run-up in prices may not be sustainable, but there’s evidence that sales volumes are indeed very balanced.

In my opinion, the sales and average price of house in a country partially reflect the economic status. Also, the steady growth of house price suggests the cities are being attractive not only in finance but also in environment. The house market tightly connects people’s decision of living place which is an overall evaluation. With even opportunity in finance, we can conclude from the information above that the western Canada seems more suitable for living and investing than east might results from its geographical features.