Housing Prices in Saint John

Housing prices in the greater Saint John area are on the way up -- the Saint John Real Estate Board says the average price of M-L-S listed homes hit $188,500 last month -- that's the highest average price on record and a 12-percent increase from May of 2008. M-L-S sales in the local area were also up 4.1-percent last month compared to May of last year. Meantime -- Canada Mortgage and Housing reports new housing starts to the end of May are off by a little over two percent compared to the same period a year ago.