Housing prices up strongly in Moncton

You need to take a nuanced view of housing prices in the context of economic development. The average price of a bungalow in Moncton is up almost 15% over last year – the fastest growth rate in eastern Canada (the price in Calgary is up 50%). However, the average cost of a bungalow in Moncton is the lowest among all the urban areas in the study.

Cheap housing means lower monthly costs – a lower cost of living. Rapidly increasing housing costs can be an indicator of strong growth in a community.

For now Moncton has the best of both worlds. Cheap housing and above average growth in prices.

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0 Responses to Housing prices up strongly in Moncton

  1. Anonymous says:

    Housing prices can go up for a lot of reasons, such as underdevelopment and slow zoning changes.

    However, I wanted to post something I just saw on CBC in British Columbia. In Victoria, wages are going through the roof because apparantly there aren’t enough workers for the jobs available.

    One of the call centres, I can’t remember the name, but they were actually not only paying huge start up salaries, but were entering all new employees in a draw to win a car every month.

    Getting the feeling that some areas are getting left behind.

  2. Anonymous says:

    let’s find out the name of that company and send in a New Brunswick delegation to sell the benefits of moving their operation to NB. Somebody do it!

  3. Anonymous says:

    I couldn’t find it out, it was called ‘western’ something. However, if it’s happening to one call centre company, it’s happening to others. However, the problem is that they aren’t likely to listen to some email. Again, too bad some of these bloggers couldn’t get together to form an industry association to at least have some clout.

  4. Anonymous says:

    I believe that this is it:”West Corporation”. As you read through, you’ll notice that in Victoria they are INTERNATIONAL. That means not only do you need bilingual people, but multilingual people, such as are easily found in BC. Increasingly, call centres are international, meaning it will be ever more difficult for New Brunswick to compete.

    “Every year 20 billion minutes of telephony based transactions are processed through West’s teleservices for today’s leading companies. West also has recently entered in the technical support arena by providing out-source customer and technical assistance for many major internet service providers, such as Earthlink and Yahoo!/SBC.

    West Teleservices is also a third-party vendor for Cingular Wireless, and provides Business End User Care and National Business Ordering centres in Victoria BC, Canada and Reno, Nevada.

    At the Victoria call center West provides Customer Care, 24 hour International Wireless Care, and GSM/TDMA Business End User Care. On August 30, 2004, with the exception of International Wireless Care, the entire center was switched over to Business End User Care from Customer Care. At this particular centre, West employs approximately 1000 people. This includes Team Leads,Operations Supervisors, Operations Managers, Resolution Specialists, Maintenance, Human Resources, Training, Payroll, and Customer Service Representatives. The Victoria location has received numerous compliments from Cingular. They have considered this location to be the best out of all the call centres established by Cingular including their own.”

  5. Anonymous says:

    I think you should all move out here to Reno, it’s great !