I found this article over on the Fredericton forum. It looks as though SJ and Fredericton are continuing to grow at a pretty good pace. I have some good friends in Fredericton and apparently it is very difficult to get a contractor in Fredericton as they are all working in SJ these days.
Lots of construction in Fredericton, but try to find a contractor - O'Brien
By STEPHEN LLEWELLYN
[email protected]
Published Wednesday April 9th, 2008
Appeared on page A4
New Brunswick's construction sector is booming, says the chairman of the city's development committee.
Coun. Mike O'Brien said the total value of construction in the first quarter of 2008 in Fredericton was worth $22.9 million, compared to $14.1 million last year for the same period.
The figure doesn't include the $35-million health and wellness centre at the University of New Brunswick, which is scheduled to begin this year, he said.
The new, single-family homes category is up $800,000, apartments are up almost $900,000 and home renovations are up $120,000, he said.
"There is a strong market," said O'Brien. "The developers don't build a lot of these things on spec.
"It shows the city is still growing. It is shaping up to be a good year."
That's the good news, he said. The bad news is that people are having a hard time finding anyone to work on their homes, he said.
"Try to get a contractor in this city," said O'Brien. "That is good and bad. The good part is they are all busy."
The remaining value of building permits is commercial and industrial.
According to the Canada Mortgage and Housing Corp.'s report on residential construction in New Brunswick released Tuesday, Fredericton had 55 new residential housing units in the first quarter of this year, compared to 38 in 2007.
That's an increase of 44.7 per cent.
There were four new multiple units, compared to two last year.
There were 59 new residential projects, compared to 40 last year for an increase of 47.5 per cent.
Claude Gautreau, senior market analyst for New Brunswick for Canada Mortgage and Housing Corp., said there has been a significant increase in two of the province's three major communities.
Residential construction in Moncton is down 32.5 per cent, he said.
"The first quarter increase in single starts has been the result of increased activity in Saint John and Fredericton," said Gautreau.
O'Brien said Saint John is having a good year because of the big energy projects planned for the city.
"Good for them and it bodes well for our city as well because of the research and engineering types of work associated with that kind of work," he said.
It's rare for a development committee chairman to worry about too much development. But O'Brien said there can be too much of a good thing.
If a city expands too quickly, then its council could have trouble paying for important services, he said.
"It is a great challenge to have," said O'Brien.
That hasn't happened to Fredericton, he said.
"The fortune we have had is it has not been a boom and bust cycle," said O'Brien. "The growth has been slow enough to manage.
"It has been nice, steady growth."