Monday, November 10, 2008

Canadian Housing Prices Update

I realize September is ancient history now, but you have to admit the data is interesting: over the last year, home prices in St. John's are up about 23%. (Admittedly, they were flat over the last month.) Still, we'll ride the oil boom for as long as it lasts - which is somewhat less than ten years. That is a physical constraint imposed by the oil extraction profiles. It's a good thing, but it's a band-aid nonetheless.

Anyway, for Canada as a whole, home prices were up - up! - for the month of September. File that under 'we're not the United States, volume infinity'.

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