St. John's housing price increases (%) are almost twice the national average:
Quote:
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Material, labour and land development costs helped drive up new home prices in Nova Scotia and Newfoundland and Labrador to record levels. St. John's recorded a year-over-year increase of 12.2 per cent while Halifax prices climbed 11.4 per cent.
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New housing price increases
Feb 2007 - Feb 2008 (%) Jan 2008 - Feb 2008 (%)
Canada 6.2 0.3
St. John's 12.2 2.9
Halifax 11.4 0
Charlottetown 2.4 0
Saint John,
Fredericton and Moncton 2.1 -0.4
Quebec 4.0 0.5
Montreal 4.7 1.0
Ottawa–Gatineau 3.3 1.3
Toronto and Oshawa 4.4 0.3
Hamilton 3.6 0.8
St. Catharines–Niagara 5.3 1.9
Kitchener 2.0 -0.1
London 3.7 0
Windsor 0.3 0.3
Greater Sudbury and Thunder Bay 6.3 1.2
Winnipeg 14.5 0.1
Regina 28.6 7.0
Saskatoon 58.3 4.3
Calgary 5.2 -0.3
Edmonton 14.8 -0.9
Vancouver 6.6 0.2
Victoria 1.6 0
http://www.cbc.ca/consumer/story/200...ing-index.html