Re/Max Housing Market Outlook 2007 report - Saint John

Originally posted 10/24/06 on PersonPlaceorThing.blogspot.com

According to the Re/Max Housing Market Outlook 2007 report, the residential market in Saint John is expected to be as strong in 2007 as it was this year. The projected amount of Realtor sales for the city in this year is expected to be 1,850, down slightly from the particularly strong 2005. The average single family house is expected to sell for $126,000 this year and $130,000 in 2007.

The report says the high end ($250,000+) market has been strong in the city and that condominiums are gaining in popularity.

Re/Max notes the LNG terminal and natural gas pipeline projects as being economic spurs along with the Point LePreau refurbishment.

An interest fact in the article is that New Brunswick has the lowest small business tax rate in Canada.