Housing Starts to Remain Low in New Brunswick

(firmenpresse) - HALIFAX, NOVA SCOTIA -- (Marketwired) -- 10/26/15 -- According to Canada Mortgage and Housing Corporation's (CMHC) Fall Housing Market Outlook - Saint John, Moncton and Fredericton report, residential construction activity will remain below the current ten-year average through the forecast period.

"Weak employment growth over the past few years has driven out-migration up, negatively impacting housing demand. As a result, multi-family construction will remain slow through the end of 2017, especially in Saint John and Moncton where the rental vacancy rate is expected to remain elevated," said Michael Edwards, Senior Market Analyst with CMHC's Atlantic Market Analysis Centre.

"High levels of new listings and longer days-on-market have continued to put downward pressure on prices in the resale market. Ample supply and limited price growth over the forecast period will draw consumers away from the new home markets," added Edwards.

As Canada's authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers objective housing research and information to Canadian governments, consumers and the housing industry.

For more information, visit or call 1-800-668-2642. CMHC Market Analysis standard reports are also available free for download at .

Follow CMHC on Twitter

Additional data is available upon request.

(Ce document existe egalement en francais)



Contacts:
Media Contact:
Patricia Montreuil
506-851-2229
Cell: 506-875-8895

Weitere Infos zu dieser Pressemeldung:

Themen in dieser Pressemitteilung:


Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: Marketwired
Datum: 26.10.2015 - 12:35 Uhr
Sprache: Deutsch
News-ID 429304
Anzahl Zeichen: 0

contact information:
Town:

HALIFAX, NOVA SCOTIA

Kategorie:

Local

Diese Pressemitteilung wurde bisher 336 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"Housing Starts to Remain Low in New Brunswick"
steht unter der journalistisch-redaktionellen Verantwortung von

Canada Mortgage and Housing Corporation (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

Canadian Housing Starts Trend Increased in August ...

OTTAWA, ONTARIO -- (Marketwired) -- 09/11/17 -- Note to editors: There is a graph and two tables associated with this press release.The trend in housing starts was 219,447 units in August 2017, compared to 217,339 units in July 2017, according to Ca ...

CMHC Declares Special Dividend ...

OTTAWA, ONTARIO -- (Marketwired) -- 06/29/17 -- As part of its first quarter financial report, Canada Mortgage and Housing Corporation (CMHC) announced the implementation of a dividend framework. At the same time, CMHC announced its intention to dec ...

Northern Housing Report 2017 ...

CALGARY, ALBERTA -- (Marketwired) -- 06/22/17 -- According to Canada Mortgage and Housing Corporation's (CMHC) Northern Report released today, stronger economic conditions are expected to improve housing demand in Yellowknife and Whitehorse. In ...

Alle Meldungen von Canada Mortgage and Housing Corporation