2011 has been an interesting year for new housing in Moncton. Depending on who you ask, and what segment you are looking at, the market has seemed either good or bad.
When looking for housing data, we frequently turn to the Canada Mortgage and Housing Corporation (CMHC). CMHC is Canada’s national housing agency. While they are perhaps best known for providing mortgage loan insurance, they also are a leading source of housing data, and one of the first places market researchers turn to when looking at trend in the real estate market.
Each quarter they release a quarterly ‘Housing Now’ report for various cities across Canada. The report provides insightful analysis of local housing markets and a summary of housing statistics, including starts, completions, dwellings under construction, absorptions, real estate sales and home prices, as well as key economic indicators.
Here are some of the CMHC highlights about the real estate market in Moncton:
New multiple starts (i.e. apartments, condos and row houses) recorded a substantial decline of 29.5 per cent a year-over-year decline during the second quarter of 2011. New rental starts were particularly week, with just 24 new apartments breaking ground in the Moncton region. This compares to 151 apartment starts in the region during the same period in 2010
Semi-deatched starts did significantly better. After a slow winter, they rebounded during the second quarter, with 184 new duplexes getting underway—a 19.4% year-over-year increase. While semi-detached homes remain the starter home of choice in Greater Moncton, a growing number of these new units are being built with increased amenities and commanding higher prices.
Single-family home starts were a mixed story during the second quarter, While parts of the region—notably Moncton and Riverview saw notable increases, they were more than offset by fewer starts in the rest of region. As a result, single family starts were down 7.6% during the period. Despite the fewer starts, however, the average price of a single-detached house was up 5.2 per cent to $265,634 over 2010.
You can download the full report from the CMHC Publications and Reports page.
We know that we are very lucky. We love what we do!!
We build homes- not just houses- homes. We’ve selected a handful of our favourite homes and highlighted them in a series of four videos. Thank you to our awesome clients for letting us into your homes and sharing them with us & you.
Our Great Homes: Part One
Our Great Homes: Part Two
Our Great Homes: Part Three
Our Great Homes: Part Four
We received the following letter last week from a client who is going through the home building process with us. We were beyond touched by what they had to say and the letter reminded us exactly why we build homes. Thank you.
A house is built with Boards and Beams
A “Home is built with Love and Dreams”
Last fall everything I knew changed. My marriage fell apart. I found myself all alone with no family for comfort and support. The only one I had was my dog. She is the reason I got out of the bed in the morning. When your world falls apart you have to find the strength to start over. I moved into a condo, I realized quite quickly this was not a place for me start over.
After 6 months I moved again. The landlord seems really nice, he was more than happy to have the place cleaned and he even said he would have ceramic tile installed in the bathroom, and entreway. When it was time to move in, he had not cleaned anything. The place was unreal. The rugs are so dirty, Previous tendents had 7 cats here at one time.The toilet doesn’t flush in the basement, my stove only has 2 burners that work. The fridge is missing the middle shelves. The cranks are broken and there are no screens on the windows that do open. I painted every room on the main floor hoping I could get the smell out, I thought I could make this a home. When I told the landlord my concerns he told me there are different levels of cleanliness and if I didn’t like it I could move out. So I had 6 months to find myself a place to call home.
I went on MLS listings and I started going to open houses. I viewed a couple of different builders, and the quality was not there. The last open house I went to was the Martell Semi on Coriander St.
I met Pierre and he explained how the process worked. He made it sound so easy to get affordable housing, hassel free. It sounded too good to be true. You only hear about the problems that people have with their builders. After speaking with Pierre I went home and I really thought about what I needed in my life.
I needed a new home. A place to build memories, a place to feel safe, a place to be proud of. You never really feel settled when you don’t have a place to call home, I called Pierre and we started the process of building my new home.
I am so looking forward to moving into my new home. I can’t wait for Thanksgiving, now I have something to be thankful for. Christmas, oh it is going to be the best ever. Last year was the worst, I had no tree, no decorations, no roaster to cook a turkey, I spent most of the holidays by myself and it was so lonely. This Christmas is going to be perfect. I am going to have a new “HOME”, new traditions, a new chapter in my life.
This is the start of my New Beginning, with love, laughter, family and friends. Thank you Pierre for making me feel safe to go ahead with my dreams.
Thanks to a warm summer afternoon, burgers on the barbeque and our gorgeous model home as a backdrop, this summers’ Realtor open house was a great success! We were stoked to have a full house at 131 Coriander- especially in the middle of July when people are busy with vacations & cottage time. A big thank you to the real estate community for making it out and supporting the Martell Team.
The highlight of the day was drawing a business card for our grand prize draw. Church Flooring was kind enough to supply a vacation getaway for 2 at a location of the recipient’s choice!! Let’s face it- with the long hours; evenings & weekends… what REALTOR doesn’t need a getaway?
The winner of our draw was Gary Lockhart of Exit Moncton!!! Congrats to Gary and his wife- we truly hope they enjoy their getaway.
We had a blast and cannot wait until the next one. Thank you again to all who came out to support us!
In today’s competitive real estate market, home builders and seller are doing everything they can to lure potential buyers. Selling a house based on three bedrooms, two baths and a big back-yard is no longer adequate. Buyers are looking for something extra. This is particularly true among women.
Females are one of the fastest growing home-buying demographic. There are more single women buying homes on their own than ever before. Also, married women are often making the final decisions in the purchase of a family home.
Most woman and men are looking for similar things in their homes: open layouts, adequate storage, solid counter-tops, etc. However, there are a few design details that can win the hearts of women that men may overlook. When attracting female home-buyers, keep in mind these 4 S’s:
Safety is a top issue for women home-buyers. A security system that integrate fire and flood alarms is a definite selling feature. Other security features include good street and entryway lighting, and security cameras.
In todays busy world, many of us retreat to our homes for solace from the daily hub-hub of the city. A serene home can be a huge selling features. Think of details like: whispering appliances, including quiet dishwashers, garbage disposal and central vacuums. Other silent selling features include sound-muting building materials—particularly in the master suite and laundry. ‘Soft close’ toilet seats are also popular.
While saving money and the planet crosses gender lines, women are particularly attuned to green features in a home. Big ticket items such as solar panels are a definite draw. But smaller details like sustainable bamboo flooring, low VOC paints and a compost drawer can help to seal the deal.
Good design may cross gender lines, but a few sleek storage ideas cater especially to female buyers. In the bathroom these include features like hidden storage in the bathroom for reading materials and feminine products, as well as hairdryer-ready drawers with outlets. In the rest of the house, built-in storage and organizers such as wall-mounted gift-wrapping stations—will catch many women’s eyes.
Buying a home is a complex and multifaceted decison. There are many factors that lead buyers to one house over another. But these four 4 S’s are near the top of the list for many women home-buyers. They may just be the factor that turn a prospective buyer into a proud home-owner.
Thinking about purchasing a house in Moncton, New Brunswick and plan to spend a couple mil? If you’ve got the money, but haven’t considered the prospect of calling Moncton home, check out Why the City of Moncton, NB Rocks! And, if you’re planning on moving here, after purchasing one of these houses, it might not be a bad idea to have a look at 10 New Brunswick Companies that Create Jobs – you’ll need to pay that mortgage somehow!
So, without further ado, here’s a look at six of the most expensive pieces of residential land in Moncton currently on the market (listed from the least expensive to the most costly; clicking on the price will bring you to its MLS page):
This piece of property is 32 years old and is located at 124 Queensway Drive. The house is 5700 square feet and has 5 bedrooms, 4 bathrooms and an impressive 12 acres of land.
This gorgeous home is only 6 years old and is located at 10 Mayfair, Riverview. This place boasts a whopping 9000 square feet (seriously!), has 18 foot ceilings, and is positioned on nearly 2 acres of land. Although this home is only second on our list of the most expensive pieces of residential land in Moncton, I certainly wouldn’t complain if I was handed the keys to this place!
It just keeps getting better and better. This dream home is also only 6 years old and is located at 57 Rossmount Terrace. With nearly 10,000 square feet of living space – including a 2,000 square foot pool house! – this home has just as many bathrooms as it does bedrooms (6) and also includes a theatre and gym.
Just 4 years old, this 6400 square foot home has just a whisker under 1.5 acres of land. Located at 590 Shediac Road, you’ll find all the features you’re looking for, everything from his & hers walk-in closets in the master suite, to a to-die-for kitchen that has two islands, granite countertops, and a walk-in pantry.
This 6080 square foot bungalow is 7 years old and is located at 369 Rogers Road in Berry Mills. This home has so much to offer, you definitely need to check out its MLS page for full details. To sum it up ever so slightly, it has an incredible 157 acres of land, indoor pool, 6 bay garage, surveillance cameras, driveway optics … the list just goes on and on.
And finally, the most expensive residential property currently for sale in Moncton is located just a few minutes from downtown at 421 and 419 Charles Lutes Road. The reason for the double address is because in addition to the 6027 square foot home, there is also a 5000 square foot office building. This home is on 42 acres of land that includes a 2 acre man-made lake. Check out the MLS page for all the details.
Which is your favourite?
Which of these properties do you like the most, and why? Share your thoughts by leaving a comment below!