Statscan New Home Prices

With regards to new home prices, Victoria is leading the country. Not in the year to year increase, but rather, the year to year decrease! New home prices have fallen 1.2% between April 2006 and April 2007. In fact, they fell 0.9% between March and April of this year! The only other city to have an annual decrease in prices was Windsor.

I'm not dreaming this up. These are Stats Canada figures that were released today. You can read it here.

Edmonton remains on a tear. Up 40.5% in the past year. That's gonna be a painful fall. Wait, I thought everyone wanted to live here!? Once again, apparently not.

I doubt that the local media will be reporting on this one...