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"Greater Moncton's residential construction professionals is building an environment for affordability, quality and choice in housing."

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HOUSING MARKET INSIGHT
Canada Mortgage and Housing Corporation

Date Released: September 2016 

Atlantic Urban Outlook: The Future of Single-Detached Housing

The Atlantic Urban Outlook 2016-2036 for single-detached housing remains positive but is forecast to decline over the next 20 years as the pace of single family household formation will slow from current levels 2011-2016 and the forecast for single-completions will also decline. This report focused on the Atlantic Urban

Outlook which included the combined centres of Halifax, Moncton, Fredericton, Saint John, Charlottetown and St John’s. Population, household and completion projections were created for each five year period from 2016-2021 to 2031-2036. The actual level of activity will depend on many factors including household formation, income growth, interest rates and the price of housing. Based on current levels regarding the number of completions per household the level of activity over the next ten years could shift from

2,564 completions per year 2011-2016 to between 2,375 and 4,950 completions per year by 2016-2021 and 1,900 to 4,250 completions per year 2021-2026. 

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