An analyst with Canada Mortgage and Housing Claude Gautreau is predicting new home construction will be tepid next year and it won't be the best time to be selling a home in Saint John, Fredericton or Moncton.
Gautreau expects a turnaround to start happening in 2014. He says there's no reason to be overly pessimistic because New Brunswick experienced non-stop growth in housing from 2000 to 2007 and 2008 so we're now in the down part of an historical cycle where supply and demand are getting more in line.
