The relocation season is here

Net migration plays an significant factor in local housing markets. The demand created by more people arriving than leaving boosts local housing activity and often local prices. The opposite occurs if more leave than arrive.

What will happen in the 2009 relocation season is anybody's guess. Personally I have more buyer clients arriving than seller clients leaving. It's not easy to track net migration in a given year.

Statistics Canada reports that between 2001 and 2006 around 3,000 more people moved to the Moncton CMA than left. In the same period around 3,000 more people left the Saint John CMA than arrived.

To view a larger image of my graph - CLICK HERE

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Blog: Real estate in N.B.

This blog is about housing and real estate in New Brunswick. Whether we own or rent, housing matters and the real estate market affects all of us. It's where we live. Larry Estabrooks - Licensed Independent Real Estate Agent, Moncton, New Brunswick (506) 856-0202

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