MONCTON, May 19, 2010 – Total housing starts in New Brunswick are expected to see a moderate rebound in 2010 following a province wide decline in 2009, according to Canada Mortgage and Housing Corporation’s (CMHC) Housing Market Outlook released today.
“An increase in residential housing starts combined with rising MLS® sales is expected in New Brunswick in 2010 after seeing reduced activity in both the new home and resale market in most provincial urban centres last year,” said Claude Gautreau, CMHC’s senior market analyst for New Brunswick. Housing activity during the first quarter of 2010 has yielded positive results as economic fundamentals in the province remained strong, highlighted by historically high employment levels. These conditions are expected to persist over the forecast period.
In New Brunswick’s three large urban areas – Saint John, Moncton and Fredericton – residential starts are expected to outpace last year’s totals. However, the anticipated increase in housing starts in 2010 and 2011 will be moderate. The existing home market is expected to follow the same general trend with steady price growth in both 2010 and 2011, combined with a moderate increase in sales.
As Canada’s national housing agency, CMHC draws on more than 60 years of experience to help Canadians access a variety of quality, environmentally sustainable and affordable homes. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making vital decisions.
MONCTON, May 19, 2010 – Total housing starts in New Brunswick are expected to see a moderate rebound in 2010 following a province wide decline in 2009, according to Canada Mortgage and Housing Corporation’s (CMHC) Housing Market Outlook released today.
“An increase in residential housing starts combined with rising MLS® sales is expected in New Brunswick in 2010 after seeing reduced activity in both the new home and resale market in most provincial urban centres last year,” said Claude Gautreau, CMHC’s senior market analyst for New Brunswick. Housing activity during the first quarter of 2010 has yielded positive results as economic fundamentals in the province remained strong, highlighted by historically high employment levels. These conditions are expected to persist over the forecast period.
In New Brunswick’s three large urban areas – Saint John, Moncton and Fredericton – residential starts are expected to outpace last year’s totals. However, the anticipated increase in housing starts in 2010 and 2011 will be moderate. The existing home market is expected to follow the same general trend with steady price growth in both 2010 and 2011, combined with a moderate increase in sales.
As Canada’s national housing agency, CMHC draws on more than 60 years of experience to help Canadians access a variety of quality, environmentally sustainable and affordable homes. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making vital decisions.
The Northwest Territories Housing Corporation (NWTHC) is pleased to welcome delegates from around the world to share best practices in circumpolar housing construction at the Northern Housing Forum to be held in Inuvik from March 22 to 25, 2010.
“The Forum will highlight northern housing research, design and construction, while fostering relationships with others who deliver housing in northern climates. It will provide an opportunity for stakeholders from across the circumpolar world to share the designs and technologies that are appropriate for our northern environment,” said the Honourable Robert C. McLeod, Minister Responsible for the NWTHC.
“The Government of Canada is pleased to support the Northern Housing Forum as part of our commitment to sustainable housing and communities,” said the Honourable Diane Finley, Minister of Human Resources and Skills Development, and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC). “Building on innovations such as the Northern Sustainable House initiative will enable us to find solutions to the unique housing challenges of Canada’s arctic communities.”
Dynamic keynote speakers, panel members and delegates from around the world will come together in Inuvik to participate in the Northern Housing Forum. Experts from Sweden, Finland, Norway, the United States and Canada will challenge delegates to envision new ways to improve energy efficiencies, housing design and delivery.
Scheduled panels will cover topics ranging from climate change and adaptive strategies for the North, strategies examining existing buildings and how they can be made more energy-efficient, costing lessons, capacity building in arctic communities and much more. There will be a focus on emerging technologies and new approaches to the creation of real-world sustainable, affordable and highly efficient buildings that exceed expectations in a northern climate.
Minister McLeod added that the NWTHC is committed to constructing homes that meet the most stringent energy-efficiency standards, while remaining affordable.
“To maintain the highest standards, we must have the very best information. It’s by sharing experiences from architects, researchers, contractors, tradespersons and other housing professionals from across northern Canada and other arctic nations that we can learn what is working in the field and what can be applied in the Northwest Territories to the sustainable housing future we are building for northerners.”
