REVENUE OPTIMIZATION & DEVELOPMENT PROGRESS
4,000
3,000
2,000
1,000
0
+
2008
2009
NEW BRUNSWICK HOUSING FUNDAMENTALS
-Killam
APARTMENT REIT
New supply has been absorbed by population growth from immigration, migration, and shift in apartment
rental demand.
Saint John, Moncton, Fredericton
Housing Starts - Apt & Single
Total Singles/Semi-Detached/Row
Total Apartments/Condos
Average Total Starts
Saint John, Moncton, Fredericton
Housing Starts & Vacancy Trend
Total Starts
Vacancy (CMHC)
2010
2011
Source: CMHC
2012
2013
2014
2015
2016
2017
2018
2019
2020
Total housing starts have averaged 2,100
dwellings over the past decade, however
the portion of multi-family units has
increased from 1/4 to 1/2 of starts.
2021
YTD 2022
4,000
3,000
2,000
1,000
0
2008
2009
2010
Source: CMHC
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Vacancy at historic lows in New
Brunswick region as demand for
housing outpaces new rental
supply.
2021
March 2023 | Page 52
10.0%
8.0%
6.0%
4.0%
2.0%
0.0%View entire presentation