Compared to last year, the average selling price of a Canadian home , which was $391,820 in October, increased by 8.5 per cent. The rapid growth is totally coming from hot markets in western Canada, like Toronto and Vancouver, while markets in eastern Canada are much cooler. Not only the price of houses but also the number of houses sole increased as popular cities like Calgary, Edmonton and Vancouver had double-digit volume increases. Meanwhile three cities , which are Quebec city, Saguenay and Halifax saw double-digit declines. This comparison shows the evident line of the price and number of houses sold between the western and eastern Canada.
As far as I am concerned, B.C. leading the country with a 26 per cent increase in sales brought no surprise because there is a trend that most Asians choose to move to B.C., especially Vancouver. Also, the weather in western Canada, like Vancouver, is much better than in eastern Canada, like Quebec city, which is another main factor. Without counting in markets in Toronto, Vancouver and Calgary, the increase would be 4.9 per cent, which is much less than 8.4 per cent and probably caused by the increase of the demand of houses, not by some smart and rich homebuyers.
http://www.cbc.ca/news/business/average-house-price-in-canada-rises-8-to-391-820-1.2427778