Below-Average Home Sales Continue in Southern N.B.
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.
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.
The city is getting $3.8 billion in major project investment (up 26 per cent), more than a quarter of which is going into housing developments.
Construction Association of Nova Scotia CEO Duncan Williams estimates Nova Scotia’s construction industry must hire 11,000 new workers by 2030 just to replace the ones retiring. He adds that, for the province to grow to 2 million people, we must build 13,000-to-15,000 new homes a year. Right now, we’re building less than 6,000 a year.
A housing needs assessment study for the City of Moncton shows key gaps in the city’s housing market.
SAINT JOHN — A new discussion paper is shedding light on some of the challenges facing the housing market in New Brunswick. Written by Moncton-based economist Richard Saillant, the paper was commissioned by the Housing Hub of New Brunswick. It is a non-profit housing hub which aims to partner with and drive affordable housing solutions. […]
The provincial government has introduced changes to the Residential Tenancies Act in the legislature designed to make it harder for landlords to “renovict” their tenants.
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.
Saint John is looking to make it easier for supportive housing projects in the city to move ahead.