This is a part of an article in this months MoneySense magazine.
Rounding out the top five spots in this year’s ranking are two Alberta cities, plus two more from Ontario: Calgary, Barrie, Brantford and Edmonton. Calgary’s No. 2 position is based on past performance. But as we know, oil prices and Canada’s overall economy will have a strong impact on the city’s growth in the future, and the possible effects of the oil price drop were not factored into our calculations.
Average home price (2014):
Average home price ratio to average rent (Price to rent ratio):
Time to buy in years:
Home sales to new listings:
1-year price appreciation:
5-year price appreciation:
10-year price appreciation:
Average 5-year rent increase:
Discretionary Income levels:
Average GDP growth 2010 to 2014 (%):
Projected GDP growth for 2015/2016 (%):
Current Unemployment rate (2014) (%):
Previous year’s unemployment rate (2013) (%):