Saint John housing construction booms amid high demand
From one street corner to the next, it’s hard to go far in Saint John , N.B., without stumbling upon a housing development either nearing completion or just getting started.impacting much of the nation, developers in the Port City have ramped up construction to meet demand.
In recent years, a combination of halted operations due to COVID-19 and supply chain issues slowed construction and exacerbated the housing supply challenges. “The number of newly listed properties last month was in line with what we would expect in a typical June, which helped to keep overall inventory stable,” board president Kevin Donovan said in the release.Concern about lack of affordable housing in Fredericton – Jul 27, 2022
Elevated levels of new builds come as the region experiences an influx in population caused by immigration. Cyr stated while specific data on immigration typically lags behind housing starts statistics, he’s optimistic it remains on an upward trajectory.
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