Not a fan of Jones' articles as they're usually pessimistic on the best of days, but worth noting a few items:
https://www.cbc.ca/news/canada/new-b...ices-1.5782841
A numbered company from Peterborough, Ont. bought this corner brick building and the wooden one behind it in Saint John in July for $425,000. Together they house13 apartments
This four story apartment building on Technology Drive in Saint John was bought by a numbered company in British Columbia for $1.67 million in July.
Out-of-province investors have purchased dozens of apartment buildings in New Brunswick this year, both high end and low end. This well-worn six unit building on Princess Street in Saint John was bought for $170,000 by a BC company in August.