N.B. Housing Hub Calls for $1B investment in Housing Over 5 years
Housing Hub of New Brunswick says the province should invest $1 billion over the next five years to create 10,000 community housing units.
Housing Hub of New Brunswick says the province should invest $1 billion over the next five years to create 10,000 community housing units.
The number of new listings in May increased slightly to 280, compared to 216 listings in April. But both numbers remained much lower than what we would typically see for the month.
There were 396 units sold in May which was a decline of 7.5 percent from May 2022.
A lack of real estate listings continues to push down home sales in southern New Brunswick.
The number of homes sold was 273 units in April which was down sharply year-over-year by almost 22 percent.
The company is pulling in profits as an extremely tight rental market allowed it to raise rents, and expenses were lower than expected.
Weaker economic growth will push home prices down year-over-year, but not back to pre-pandemic levels.
The rankings take into account average home prices, price growth over time, as well as neighbourhood characteristics and economics.
Investment in Moncton was steady in the first quarter of 2023