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| Subject: New Brunswick |
Wannabe, any feedback on New Brunswick you´d care to share? Wondering if you´ve been up there yet to check things out.
[30-07-2008,17:07]
[***.131.12.0]
Richard |
(in reply to: New Brunswick)
Thanks for asking, Richard!
We´re not up there yet. I´ve only been to New Brunswick on vacation a few times, and SJ will be new to me entirely (well, we did stop there last year to go to a beach, but that´s it. It was a nice beach, typical Bay of Fundy gorgeous). Sunday is the Big Moving Day, so we ought to get there on Tuesday (it´s gonna be a heck of a road trip for our 5 year old!).
I will definitely give updates on first impressions, etc, and about our general assimilation into Canadian life. We´ve been so busy packing and getting the house ready to sell that I´ve barely thought about how all this actually happening, a literal dream come true in finally, finally getting to live in my favorite country in the world.
I am getting very nervous about the whole ordeal of exporting/importing the cars and that sort of thing, just making sure I haven´t packed all the necessary paperwork and that we keep everything in order. My brain is pretty much a muddled mess at this point.
I have been reading the Saint John newspaper online every day, and we´re getting the impression that it´s a city in transition. The real estate market is one of the strongest in Canada right now, and there is every indication that it will continue to be thanks to several mega projects going on for the next decade or more. My DH works in energy, and that is definitely where the action and growth will be. I am very excited to be part of the change.
I can´t wait to give a real update NEXT WEEK!!
[30-07-2008,20:15]
[**.189.188.79]
wannbecanadian |
(in reply to: New Brunswick)
Great to hear of your good progress, wannabe! I´m curious how everything is in SJ and life there in general.
Wondering about your report that real estate market appears very strong - meaning high real estate prices for us Yankees heading north? I think you guys will have plenty of time to evaluate, and find the right place at the right price.
Also curious how you´ll time selling here and buying there. That was always an issue with us - wanted to avoid putting everything in storage and avoid the hassle of moving multiple times to a final place.
Not so much luck here in landing my particular field there yet. But down here no problem. I must not be selling myself well enough as fully documented Canadian PR. In the meantime, took a position here for a few months to make my resume and myself current, and then try again soon. Will try more of the direct company approach, as you, DC, and Sharon have well recommended.
In the meantime, looking forward to any future update (if you can find the time in the middle of everything)!
p.s. don´t worry about car export/import, it´s really a straightforward and a snap.
[30-07-2008,22:03]
[**.47.173.225]
Richard |
(in reply to: New Brunswick)
wannabe... I think it is time you choose a new handle! you are a wannabe no more!!!
I am excited for you and totally confident that you will love your new home.
Next project is to get Richard moved and settled.
[31-07-2008,00:17]
[**.155.160.37]
Sharon |
(in reply to: New Brunswick)
Richard,
It may be important for you; Canadian real estate market is getting the hit. Certainly not so bad as the US, but it is also falling. Though unlike the US market here the price is still increasing while no. of sales are decreasing.
http://www.cbc.ca/money/story/2008/07/28/realstate.html
[31-07-2008,00:24]
[**.207.127.42]
DC |
(in reply to: New Brunswick)
DC, your comments may be true but not to the same degree, which province is also a huge factor.
in BC we are facing a slowing of sales but all that has done is take the frying pan off the stove. Prices are finally settling down to a 5-12% year over year increase.
Not suggesting that we will escape the downward pressure but we have so far managed to avoid the nightmare that is occuring in the US housing market. Part of the reason is our mortage criteria and bank security is very different (as Richard put it... bordering of communism)
[31-07-2008,01:57]
[**.155.160.37]
Sharon |
(in reply to: New Brunswick)
True, I was curious to see the break down by province.
My impression is may be ON/PQ are in bad shape, western Canada is thriving.
Canada here have another distinct advantage over US here, they always have a good source of buyers as long as the immigration continues on a current rate. Many of the new buyers do not have to care for the mortgage even.
[31-07-2008,10:09]
[***.254.208.246]
DC |
(in reply to: New Brunswick)
For the first time in my memory the west and Newfoundland are doing better than Ontario. Can you say the word ´commodities´. the west has what everybody wants.
[31-07-2008,16:13]
[**.155.160.37]
Sharon |
(in reply to: New Brunswick)
That´s why I felt little curious when wannabe reported that the real estate in NB is still very strong; I wonder who are then contributing towards the falling average? Definitely ON and PQ. 13% less sale is not trivial, can´t be attributed from the others with very thin population.
[31-07-2008,17:33]
[***.254.208.246]
DC |
(in reply to: New Brunswick)
less sales does not necessarily mean lower prices.
I spent an evening with some realtors last week. I asked them about the market in Vancouver. They are suggesting the US subprime scenario is making Canadians cautious to take any risks. The slowing economy on both sides of the border is also putting the brakes on peoples plans to move to that bigger house. Instead, more people are sitting tight... not wanting to make decisions that will get them into trouble. So, less houses for sale, and less people out there buying.
More important thing to look at is how long it is taking for properties that ARE for sale, to sell... and how close the price is to asking price.
Every part of the puchase economy is feeling nervous. Retail sales is also holding steady or in slight decline. Many of the large purchase decisions are being stalled until people are confident they can pay their bills.
[31-07-2008,17:44]
[**.155.160.37]
Sharon |
(in reply to: New Brunswick)
Good info, guys. Have been following the posts, as I´m curious too about real estate trends there. US$ seems to be gaining a little strength against CDN$ lately (helps those heading there from the "south").
Did I say that - bordering on communism? Well, I must have meant socialism (which I´m sort of for, anyway). BTW, Bush just signed into law (grudgingly) the government´s mortgage assistance bill to help defaulting homeowners keep their homes. But only after resisting and calling it too socialistic, and then finally giving in to popular opinion and pressure.
[31-07-2008,19:35]
[***.131.12.0]
Richard |
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