On Monday I made a quick visit to the Moncton public hearing by the New Brunswick Select Committee on Tax Review. I observed the presentation by the City of Moncton and I learned a lot in a short time. I also came to realize that just about everyone is blaming the real estate market for the horror of assessment spikes and soaring property taxes.

If a spike is supposed to be an abrupt increase or rise, then I'm here to report that there has been no spike in the real estate market in the City of Moncton. The numbers are just not there. Yes there have been steady increases in the average sale price in the order of 5-6% over the last three years. But that's it. Now some areas of the city may be more and some may be less.

I've done an in depth analysis to separate fact from fiction and you can see it here:

http://mymoncton.info/averages.htm