Canada's housing train piles on more steam!

[Roy N.]

Keeping the metaphor from my post last summer, it would seem the train has not eased back:

Canadian housing market hits record in April for average price and sales total

As per usual Vancouver, Victoria and the GTA are providing the fuel stoking the fire.

I am a little surprised to see Saint John, NB listed as up by 4.6% as there is a huge glut in inventory (including REOs) in the City proper.

Sooner or later there will be a bend in the track for which the train will be travelling too fast to navigate.

Naturally, all the pundits are will now come forth to pontificate.