Choosing where to make the most expensive purchase in your lifetime can be a difficult task and often comes with uncertainty about the city you will call home.
With an average price of $157,000 in December 2008, according to CMHC, Moncton also continues to be one of the most affordable housing markets in Canada with a wide variety of housing alternatives.
If this isn’t enough proof, there has been some serious buzz about the city of late. The Canadian Real Estate Magazine recently named Moncton as one of the top five havens for real estate investors. According to experts, Moncton earned this distinction because of its diversified economy, increasing home prices, population growth, demand for rental properties and demographics that promote economic stability.
MoneySense Magazine listed Moncton 6th out of 154 communities in Canada’s Best Places to Live 2008, 10th in Canada’s Best Places to Retire and gave the city top marks (A-) in its rating of 35 major cities’ appeal to real estate investors. Most recently, Moncton was named by the Intelligent Community Forum (ICF) as one of the Top Seven Communities of 2009 for its achievement in “working to create prosperity and social inclusion in what ICF terms the ‘Broadband Economy'”.
So if you plan on buying a home, living in a dynamic growing community, retiring or doing business in the 21st century, there’s ample proof that Moncton is a fantastic choice.