The bone chilling temperatures and piles of snow apparently aren’t deterring new home construction in the greater Saint John area.
The latest numbers from Canada Mortgage and Housing show 14-new units – mostly multi-residential – breaking ground in the first two months of this year – that’s compared to just 9-units underway in the same period last year.
The federal housing agency says new home starts in Moncton and Fredericton are down so far this year with a significant drop in the Hub City being blamed on a slow down in construction of multi-residential units for the rental market.
Small Gain In New Housing Starts
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