What city is Canada’s craziest property market? (It’s not Vancouver or Toronto)

Vancouver has made global headlines in recent years, consistently ranking among the top 10 major cities worldwide most at risk of a housing bubble. Last year, Toronto took the top spot, making Canada the only country with two cities to make the cut in UBS Group AG’s annual list. Yet price gains in Whistler have outpaced both cities. Businesses are buying million-dollar properties to house employees, and during the peak winter season,with overnight accommodation rates top anywhere else in Canada.