Comments on: New Housing Prices Up http://www.canajunfinances.com/2008/02/11/new-housing-prices-up-2/ Personal Finances and Consumer Concerns, essays, stories, examples and how to articles with a distinctly Canadian Point of View Fri, 21 Nov 2008 07:29:54 +0000 http://wordpress.org/?v=2.6.3 By: Traciatim http://www.canajunfinances.com/2008/02/11/new-housing-prices-up-2/#comment-956 Traciatim Mon, 11 Feb 2008 18:37:39 +0000 http://www.canajunfinances.com/2008/02/11/new-housing-prices-up-2/#comment-956 You don't happen to know if they are tracking existing home sales in the same way that new home sales are listed here? I find these a little hard to compare since in many areas just because the homes are getting bigger and using expensive materials the new home index is higher. For example, in the Saint John, Fredericton, and Moncton index it shows 1997 -> 2007 as only increasing by 15.1% since 1997 (1.4% dec 06 to 07). Though if you look at the CREA website for home sales price from Dec 06 to 07 you see Fredericton with an increase of 4.4% and Saint John at 6.0%. That's a pretty huge difference. (Moncton isn't on the CREA page) You don’t happen to know if they are tracking existing home sales in the same way that new home sales are listed here? I find these a little hard to compare since in many areas just because the homes are getting bigger and using expensive materials the new home index is higher.

For example, in the Saint John, Fredericton, and Moncton index it shows 1997 -> 2007 as only increasing by 15.1% since 1997 (1.4% dec 06 to 07). Though if you look at the CREA website for home sales price from Dec 06 to 07 you see Fredericton with an increase of 4.4% and Saint John at 6.0%. That’s a pretty huge difference. (Moncton isn’t on the CREA page)

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