7/31/2023 0 Comments Nytimes real estate bubbleOf course, prices tend to be more stable in swanky St. Andrews’ real estate agent, says that activity is picking up in the local area, telling the Times that sellers “certainly have a lot more strength than they would have had a year ago.” Andrews and all the various attributes of the luxury home (automatic ‘wood waiter’ for the fireplace!), it does caution potential buyers about New Brunswick’s onerous taxation on second homes, particularly paying nearly double property tax on second homes or owned by non-resident properties. house all of The New York Times luxury real estate and affluent market. While the profile of the property focuses on the lovely community of St. In the 4 years I was general manager of the Real Estate section at The New York. “I think they’re taking advantage of the high market on the West Coast,” she said, by selling their homes there and buying more for their money in the St. Andrews-based real estate agent Leona Golding, a broker and the owner of the Fundy Bay Real Estate Group who is offering the home, says there has been an uptick in buyers from the west coasts of the United States and Canada. After all, even though many of us know a bubble when we see it, we don’t have tangible proof of a bubble until it actually bursts. Andrews.Īccording to the paper, vacation or retirement home buyers in the area are mainly from western Canada, the United States, England and Germany. Published 2 years ago on OctoBy Nick Routley LinkedIn Use This Visualization Ranked: The World’s Biggest Real Estate Bubbles in 2021 Identifying real estate bubbles is a tricky business. Located in Chamcook, the three-level, four-bedroom home sits on almost five acres just a few minutes from downtown St. The Times‘ “House hunting in…” feature focused on the property. It’s a large home with all the features you would expect comes with a price of just under CDN $2 million, or a bargain at US $1.54 million. Turns out they like it, or at least this gorgeous home for sale near the old-money enclave of St. ![]() But what happens when the New York Times pays a visit? Reading Time: 2 minutes New Brunswickers like to brag about the relatively reasonable housing prices in the picture province, particularly compared to the ever expanding real estate bubble in cities like Toronto and Vancouver.
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