Moncton
From RBC's Special Report on Housing Affordability across Canada published March 2008:
Atlantic - broad-based improvements ahead
Affordability continued to deteriorate in the final quarter of 2007 but we are still forecasting some modest improvements across all types of home segments in 2008. Housing markets across the region are cruising along at a healthy speed with markets generally balanced. The improvements are expected to stem from the combination of decent income growth, moderate house price gains, and anticipated mortgage rate relief. House price growth should moderate into the midsingle digit range and construction is expected to taper down. Softer markets are likely to gradually tilt the balance in favor of buyers over sellers. Newfoundland was the regional outlier toward the end of 2007. The market heated up late last year as a result of tight supply and rising prices in the St. John's market. However, it is also expected to join the Atlantic region in an overall cooling in 2008.
September 2007
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Information provided by
Brian Richford (Click here to email agent)
Coldwell Banker First Choice
