New Housing Starts Moncton, Fredericton, Saint John - June 2010
Larry Estabrooks, an Independent REALTOR from Moncton, has a great representation of the New Housing starts comparison for Saint John, Moncton & Fredericton... ;>))
Moncton surges, Fredericton holds steady and Saint John slows down.
My chart illustrates the end of June 2010 numbers supplied by the Canada Mortgage and Housing Corporation for the the Fredericton CA, the Moncton CMA and the Saint JohnCMA. New housing starts are one important indicator of local housing markets.
Total housing starts in Fredericton are holding steady while the Moncton starts are off to a much stronger pace in 2010, fueled mainly by a rise in multiple unit starts. Total starts in Saint John are at their lowest level in recent years. It's still somewhat early in the residential construction season. Will Saint John recover? Will Fredericton or Moncton falter? Be sure to check back in October when I'll post the third quarter results.
note: CMA stands for Census Metropolitan Area and CA stands for Census Agglomeration
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posted by Larry Estabrooks, Independent Real Estate Agent in Moncton, NB
Licensed since 1975 - Also visit:
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