Since 2008 we are the second weakest market in the country.
If we look back 5 more years the picture changes a bit.
We can see that Victoria along with the rest of the west got a little overly exuberant in the years leading up to the financial crisis. The relaxation of credit seemed to have no effect in the east, while over here it drove prices very quickly. Back more until 1999 (the earliest year of data for many cities).
This shows the entirety of the boom for Canada. After our extended flat period, we are on the middle to lower end. Hamilton, Toronto, Halifax, and Ottawa have appreciated less in 14 years, while the rest appreciated (relatively) more. Back to 1993, we are once again the weakest link.
In other news the November update is out. The VREB is a sad panda because sales aren't quite as rip roaring as they have been. What with last month's discovery that prices are actually down instead of flat, they are struggling to find something positive to say about November numbers. Well at least prices are up since 2005! "This represents a 36.5 per cent increase since January 2005, when the index was 100".
Funny the headline still says prices are flat, when the article goes on to elaborate that SFHs in the core are down 1.65% from last year, in the peninsula they are down 2.57%, and SFHs in the west shore are down 5.94% in one year.