Information just released by the Canada Mortgage and Housing Corporation indicate that total housing starts declined in New Brunswick's urban centres in January.

Moncton (- 36%) fared slightly worse than New Brunswick as a whole ( - 33%) but better than Canada as a whole (- 40%).

Total housing starts in the Moncton CMA for all of 2008 were down just 4% from 2007.

Was it our colder than normal January or the global economic uncertainty effecting our housing starts?

As the weather and our construction season heats up, will our housing starts rebound?

Time will tell.

Total Housing Starts January 2009
 (source - CMHC - preliminary)

90- - 81- - 72- - 63- - 54- - 45- - 36- - 27- - 18- - 9- - 0-
		Saint John CMA			Moncton CMA			Fredericton CA			Other
	2009
	2008

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I'm an independent real estate agent, licensed in New Brunswick, residing in Moncton

Contact me at www.LarryEstabrooks.com