Historically what we've seen in Saint John is that when there has been some optimism for large growth, there has been some increase in property values. But generally, the property values in our city have remained relatively flat since approximately 2008. I would expect and I suspect that individual homeowners and property owners would benefit from some increase in property value, but certainly we have never experienced the kind of rapid inflation in home prices or property values that other places in Canada have seen.
On March 25th, 2014. See this statement in context.