Home sales down in New Brunswick

Added: 2026-05-21

[00:00:00]According to the Canadian Real Estate Association, just under 800 homes were sold through Realtors in New Brunswick in April. That's down 13% from the same time last year. Yeah, it's a significant drop in sales volume for sure. Yeah, straight numbers are numbers, right?

[00:00:15]They don't lie. Home sales in the province were 9.4% below the 5-year average and 5.8% below the 10-year average for April. Fredericton was down 4.4%.

[00:00:28]Saint John down 8.3% and greater Moncton was down 10.5%.

[00:00:34]A steady flow of new listings means there's more inventory than usual.

[00:00:38]There's more sellers getting into the market than buyers.

[00:00:42]Um, and it's the first time that we see that in the last five or six years. Gallant was predicting a stable market for 2026. But because of rising prices, oil prices, uncertainty in the world, I know some of my clients that they were just going to wait on the sidelines and see what see what was going to play out. Realtor Ryan Davison says there's two sides to the story.

[00:01:02]Because we're in a balanced market, it's actually a very healthy place to be. I know that may sound a little strange, but it is true. What's clear to both Realtors is the housing boom experienced in the province during the pandemic is over. You were selling by video sight unseen purchases.

[00:01:18]Obviously, we've gotten away from that.

[00:01:21]Jump five years forward. As far as home prices go in New Brunswick, even though fewer homes are selling, the price has remained relatively the same. Derek Haggett, CTV News, Moncton.