As the economy takes a down turn, and more and more people lose their jobs, some folks in the heavily industrialized sectors of Canada are turning or returning to Atlantic Canada.
Fredericton, N.B. is a destination of choice for many people. Although we are all feeling the effects of the economy, Fredericton is able to weather the storm a little better than most cities.
We have a steady, stable income base.
Housing costs are not inflated, the way of life is a lot simpler, there are no traffic jams, and our neighborhoods are family oriented.
Some large recruiting firms are reporting they can locate people to come to work in New Brunswick now who before this economic downturn would not consider Atlantic Canada.
Atlantic Canada has so far been insulated from the economic bust. Job losses have not been as severe as other provinces and the expected decline of housing prices is not expected to occur in Atlantic Canada.
Retail spending has increased in New Brunswick and house prices are expected to rise or hold steady this year.
Migration flows reflect the changing tide, this region has posted the smallest net outflow since 1984, according to the Atlantic Provinces Economic Council.
It all bodes well for an area that was always a traditional have-not. We are now the destination of choice and above all a great place to live.
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March 7th, 2010 at 5:59 pm
Greetings, I’m thinking of selling property (North West, Miramichi)Two story house, large barn, and appox.85 acre woodlot
appox. 85 acres of woodlot. Great privacy, moose country, and the North West Miramichi River flows by–open water–for fishing the world famous Atlantic salmon.
I’m thinking of moving to Fredericton (or close to Fredericton)
March 8th, 2010 at 2:31 pm
Hi David, It is always good to hear from someone on the Miramichi.
Do you have your place listed now?
I am not actually selling real estate anymore, but I can refer you to a good realtor.
Frankie