While most of the attention is gobbled up by Vancouver, Toronto and Calgary markets there is quite a shift in some of the smaller markets in Canada as well.
St. John's - Newfoundland and Labrador
Since 2000 Newfoundland and Labrador have seen an incredible boom in economy due to the off shore drilling rigs that have pulled in billions in investment. Most people look to Calgary and Alberta for the oil boom but Newfoundland has seen a 50% growth in economy since 2000.
Windsor was hit hard in the global financial crisis because of its dependence on manufacturing. With the strengthening Canadian economy Windsor has seen a remarkable change of face and has had a 30% increase in home sales this year alone. With the automotive industry resurgence Windsor has increased jobs, and increased home prices by 5% from last July.
Squamish, British Columbia
As detached homes continue to skyrocket out of control in Vancouver and the North Shore people are deciding to make the 45min trek up the sea-to-sky highway in search of more affordable housing. Home sales were up 58% from just last year and detached home prices have jumped more than 20%.