You need to take a nuanced view of housing prices in the context of economic development. The average price of a bungalow in Moncton is up almost 15% over last year – the fastest growth rate in eastern Canada (the price in Calgary is up 50%). However, the average cost of a bungalow in Moncton is the lowest among all the urban areas in the study.
Cheap housing means lower monthly costs – a lower cost of living. Rapidly increasing housing costs can be an indicator of strong growth in a community.
For now Moncton has the best of both worlds. Cheap housing and above average growth in prices.