Quote:
Originally Posted by mylesmalley
It could be the case that the provincial numbers were simply below what they could have been because for so many years, SJ had lower construction rates.
Also, as you've discussed over hte past few months, the average price of a home in SJ has increased significantly since last year.
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very true...my only point really was that things need to be looked at in both absolute and relative manners....the SJ housing market is inflating in terms of prices in a relative sense faster than anywhere else in the province, and if memory serves, the average house price in SJ is now also the highest in the Province (which is a double edged sword, of course, and very interesting given that most places in the country are seeing housing prices plummet, with some parts of the praires, saint john and st. john's being notable exceptions)
eg: 150 new executive single homes built at 300,000 a piece vs. 450 new mult-iunit homes at 100,000 a piece help to better put the numbers / total constuction $ generated into perspective....though the total dollar values are the same, the underlying trends could be very different in those cases...as would trends in population growth, property tax revenue, etc, etc
(the housing market and what drives inflated prices is a pet peeve of mine....anyone who has been following the st john's thread knows this :S )