Linked Header

Thursday, May 22, 2014

A Depressing Report On Housing

If you want to buy a home, you'll have a wide array of choices at a good price. 

Canada Mortgage and Housing is predicting housing starts will decline both this year and in 2015 in Saint John, Moncton and Fredericton. Slow demand for housing being caused by weak economic and employment growth. 

A downward trend is also expected this year and next in the resale market with new listings at historically high levels.

The vacancy rate for rentals will stay high.