I am by no means an expert, but I think the prestige is in the region too (I know not 100%). The best advice I have been given, and am doing, is try to go where you want to practice. I do not think the "prestige" will make up for your ability to succeed at the school, cost, all those other personal factors. Also, there may be some value in networking in the community, and of course this would be best if that community is the one you want to work in. For me, there is no chance in hell of me wanting to work out east or in BC, so Alberta is my hope.