The Big Atlantic Canada Statistics Thread

[FreddyGuy]

Originally Posted by Freddypop

Yes...The KV communities are included in the Saint John CMA numbers but Oromocto is not included in Freddy's numbers. This is because of the rule definition of a CMA due to the fact that commuting patterns for work purposes to Base Gagetown. If not for this rule, Freddy would have had CMA status several years ago.

Is it because not enough people commute from Fredericton to Oromocto? Or vise versa? Seems to me that there is plenty of people coming from Oromocto to Fredericton every day.

[MonctonRad]

Originally Posted by FreddyGuy

Is it because not enough people commute from Fredericton to Oromocto? Or vise versa? Seems to me that there is plenty of people coming from Oromocto to Fredericton every day.

But CFB Gagetown is a huge employer in town. This overwhelms the amount of commuter traffic going from Oromocto to Freddy.

[cl812]

I would speculate that there is more commuter traffic from the Freddy CA/CMA to Oromocto than vice versa, since the base is by far the largest single employer in the region (military + civilian).

[Taeolas]

I'm pretty sure this is a rarity.... NB Unemployment is lower than the natioanl average

8.8 in NB vs 9.4 nationally.

I know monthly numbers don't really mean much overall and all that stuff. But it is a nice bit of pride to be on the other side of the national average for a change.

In New Brunswick, unemployment was down eight tenths of a percent in January to sit at 8.8%.

The provincial economy lost 2,400 net full-time positions last month, but this was offset by a gain of 3,500 net part-time positions, as well as a net reduction of 2,400 in the labour force.

[MonctonRad]

Average rent and average rent per square foot in Canada as of January 2021.

Average monthly rent:

1) BC - $1990/mo
2) ON - $1922/mo
3) NS - $1705/mo
4) PE - $1698/mo
5) QC - $1601/mo
6) NB - $1467/mo
7) MB - $1320/mo
8) AB - $1243/mo
9) SK - $1011/mo
10) NL - $1010/mo

The NS and PE rents are pretty high from a national perspective!

[NB_ExistsToo]

strange how cheap $/sqft is here in NB, especially compared to every other province in Canada. I'm no guru in the real estate world, but wouldn't this seem promising to investors, as this low $/sqft is an anomaly Canada-wide and wouldn't be all that sustainable long term?

[adamuptownsj]

Originally Posted by NB_ExistsToo

strange how cheap $/sqft is here in NB, especially compared to every other province in Canada. I'm no guru in the real estate world, but wouldn't this seem promising to investors, as this low $/sqft is an anomaly Canada-wide and wouldn't be all that sustainable long term?

Not sure about Moncton but Fredericton has a lot of sprawling old student housing and Saint John apartments, at least the older ones, run big.

A lot of the 'affordability crisis' is people not wanting to accept one neighborhood with high rents. For example, rents have definitely gone up in the northwestern half of the South End of Saint John, but it's still dirt cheap in much of the North end and the Lower West. The lower South and Waterloo Village have seen increases but a lot of that is renovations putting vacants and substandfard housing back in the market.

[Nashe]

In Moncton, new, high-end apartments are going up like crazy. Not sure who's renting 'em, but the skyline is improving, slowly!

[Franco401]

Originally Posted by adamuptownsj

Not sure about Moncton but Fredericton has a lot of sprawling old student housing and Saint John apartments, at least the older ones, run big.

A lot of the 'affordability crisis' is people not wanting to accept one neighborhood with high rents. For example, rents have definitely gone up in the northwestern half of the South End of Saint John, but it's still dirt cheap in much of the North end and the Lower West. The lower South and Waterloo Village have seen increases but a lot of that is renovations putting vacants and substandfard housing back in the market.

This is not a fair comparison in Fredericton. Rents have gone way up in every properly urban neighbourhood except maybe Devon.

[OliverD]

Originally Posted by NB_ExistsToo

strange how cheap $/sqft is here in NB, especially compared to every other province in Canada. I'm no guru in the real estate world, but wouldn't this seem promising to investors, as this low $/sqft is an anomaly Canada-wide and wouldn't be all that sustainable long term?

I think the primary reason for this is that because NB lacks anything resembling a truly high-density urban area, apartment sizes are generally quite large. It's typical for new construction two bedroom apartments to be in the 1200-2000 square foot range, whereas in bigger cities the typical size might be more like 700-1000 square feet.

I can't speak specifically to Saint John or Moncton but in Fredericton the density rules often promote large unit sizes because it allows developers to maximize income. Obviously though, a 1600 square foot apartment is not going to cost double an 800 square foot one, so that drives down the cost per square foot.

We are, however, starting to see new developments with smaller units and the city does seem amenable to increasing density beyond what is allowed by the current zoning rules.

[Philbilly]

Not good news for people with lower wages .

New Brunswick tenants see biggest rent hikes in Canada
https://www.cbc.ca/amp/1.5997150

[KnoxfordGuy]

From Stats Canada:

New Brunswick manufacturing sales were up 50% from March 2020 to March 2021! $1,056 billion to $1,653 billion! Blowing all other provinces out of the water. Next closest are Saskatchewan at 29% and Nova Scotia at 28%.

[MonctonRad]

Originally Posted by KnoxfordGuy

From Stats Canada:

New Brunswick manufacturing sales were up 50% from March 2020 to March 2021! $1,056 billion to $1,653 billion! Blowing all other provinces out of the water. Next closest are Saskatchewan at 29% and Nova Scotia at 28%.

Good news, but any information as to which sector is behind this growth?

Manufacturing is actually a much stronger component to the NB economy than many people realize. There is a lot of light manufacturing in Moncton for example that flies under the radar.

[mylesmalley]

Lumber

From the CBC,
https://www.cbc.ca/news/canada/new-b...kets-1.6031880

Records compiled by Statistics Canada show sawmills and wood treatment facilities in New Brunswick earned $173.9 million on the production of lumber products in March, obliterating a 19-year-old earnings record for the month by more than $80 million.

It also pushed the value of production of treated and untreated lumber in New Brunswick over $1 billion in just eight lucrative months stretching back to last August. That is $463 million higher than lumber operations, mostly sawmills, made during the same period one year earlier.

[josh_cat_eyes]

Originally Posted by mylesmalley

Lumber

From the CBC,
https://www.cbc.ca/news/canada/new-b...kets-1.6031880

Why are we getting gouged at the store then? It’s literally just because they can.

[adamuptownsj]

Originally Posted by josh_cat_eyes

Why are we getting gouged at the store then? It’s literally just because they can.

It's a supply issue. Stores can't get enough to meet demand at normal prices and quality's gone to hell.

[Siriusb]

Average house prices in Stratford top $500,000 in April as P.E.I. homes are moving fast

Saltwire Business

.....The Town of Stratford, which has a population of around 12,000, led P.E.I.'s real estate market in April with average and median residential prices both topping $500,000. Next was Charlottetown with average prices of $426,973 and Cornwall with $400,640.....
....Off-Island, Stratford's average price for homes sold was higher than homes sold in Halifax, Moncton, Saint John, N.B., and St. John's, N.L. looking back to April 2011.....
...Currently, the town has eight homes listed for above $950,000, including five homes above $1 million...

Average residential prices for April 2021

• Stratford $536,555
• Charlottetown $426,973
• Cornwall $400,640
• P.E.I. $342,631
• Halifax-Dartmouth $466,574
• Greater Moncton $282,454
• St. John's, N.L. $264,675

https://www.saltwire.com/atlantic-ca...ast-100594191/

[MonctonRad]

from CBC:

Destination New Brunswick: Canadians moving east drive province's population to record high
3,533 people from other provinces moved to NB over the winter, the most in 46 years
Robert Jones · CBC News · Posted: Jun 18, 2021 7:00 AM AT | Last Updated: 2 hours ago
https://www.cbc.ca/news/canada/new-b...east-1.6070381

On Thursday, Statistics Canada reported 3,533 people from elsewhere in Canada had moved to New Brunswick in January, February and March, the largest number to arrive during those winter months since 1975.

After accounting for 2,328 people who left for other provinces during the same period, the exchange of migrants in New Brunswick's favour helped boost its population to a record 783,721

The largest net influx by far has been people moving from Ontario. During the pandemic, starting in April 2020, the province has gained a net 1,176 people over 12 months from the larger province.

[MonctonRad]

Latest Statistics Canada Population Estimates:

Nova Scotia - 982,326 (+0.3%)
New Brunswick - 783,721 (+0.2%)
Newfoundland - 520,286 (+0.0%)
Prince Edward Island - 160,536 (+0.4%)

Total Population - 2,446,869

[Marty_Mcfly]

Originally Posted by MonctonRad

Latest Statistics Canada Population Estimates:

Nova Scotia - 982,326 (+0.3%)
New Brunswick - 783,721 (+0.2%)
Newfoundland - 520,286 (+0.0%)
Prince Edward Island - 160,536 (+0.4%)

Total Population - 2,446,869

Can't lose population if no one is allowed to leave because of the pandemic. Genius.