St. John's Land Prices 1997 - 2015

An argy-bargy erupted on Twitter Wednesday involving a bunch of Danny Williams Fan Klubbers on the one side and a couple of people who have a few issues with the recent plan by some folks at St. John’s city council to buy land from Danny Williams that Williams had purchased over the years from the provincial government at pretty cheap prices.

One of the Klubbers raised the issue of the change in land prices since Williams first started the land assembly for what became Glencrest and then Galway.  The idea – apparently  - was that Williams’ asking price for the land was justified since prices had climbed a lot since 1997.

That leaves out a whole whack of details that we’ll return to in another post.  For now, let’s take a look at the change in land prices since 1997.  The source for the information is Statistics Canada’s monthly report of house prices, that breaks down the price for the house and land in a typical parcel.