Well, it is low compared to Calgary and Vancouver, but it certainly has risen in terms of housing for example. The cost of living in a city is reflected by its growth, and Winnipeg has been stagnant for decades. You are young (I am assuming), so why not give Winnipeg a try? The average price for a house in Calgary is $325k, so if a 400 sq ft condo is what you are in search of, Calgary is the city for you! You want a house? Well, even at the edge of the city, you will shell out $250 k, and if there is the slightest fender-bender during rush hour, you will sit in traffic for hours. Winnipeg has great potential, so c'mon down!