Why Everyone is Moving to NEW BRUNSWICK Right Now
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- čas přidán 24. 05. 2024
- Discover why everyone is flocking from Ontario to New Brunswick, people are moving East to find affordable housing in this stunning natural landscape. I talk with a local real estate agent Ryan Taylor from Moncton to find out what's really happening and if people are actually sticking around. We also discuss the latest data and statistics and give our opinions on the investors and speculation currently happening out there. #realestate #finance #jonflynn #economics #realestateinvesting #inflation #newbrunswick
Ryan's Contact links:
/ newbrunswickrealestate
x.com/rya_tay
www.realtor.ca/agent/1987188/...
Moved to Fredericton in 2022 after living in Kitchener/Waterloo, Born and raised in London ON. Bought a wonderful 3 bedroom home with an acre of land, built in 2009. I'm a Diesel mechanic but also run a CZcams channel. Honestly I tell everyone Fredericton is a hidden Gem. People are incredibly friendly, lots of young families, wonderful proud and happy community and there is room to grow. Plus the ocean is like an hour away. An absolute breath of fresh air compared to Ontario.
Glad you like Fredercton, The novelty wore off fast for us. Plus we found too many folk cliquey and the winters too brutal for our liking and overall a boring place. To each his/her own.
we met a nice couple of Montario at the local bakery in a small town outside of the city, she said her and her husband lived in Ontario, but the kids have now grown up so they sold their house and had enough capital to buy a home here in New Brunswick to live in, she bought her dream bakery, her husband bought a new truck in a boat, and they have enough to retire early. I’m actually happy for them
A Toronto company bought the condo complex I live in a couple of years ago here in Saint John. As soon as they bought it, anyone who owned got a letter towards immediate offers to buy. One realtor, no listings and no competition/bidding of course. They'd handle it all. Some caved, well some sold on their own eventually down the road. The ones that stayed say they thought about it, but where do they go? Even with the mark up from what they bought for, the money would just disappear either towards rent or trying to find a place. Places that were bought were immediately gutted and fixed up. To the point that I'll admit it looked nice, but cupboards are already coming off of hinges, paint is peeling and new floors are creaking just as much as the old ones in those units.
Fast forward to today, the complex has seen 2 condo fee increases and all of us who own just got a $7500 bill for the two bedrooms at least that was recently "voted on" (when they own the majority of units) to revitalize the complex. Only a couple that were bought out aren't being rented. Just about everyone that has left in the last couple of years have been replaced with foreigners of the same nationality. The place is no 5 star by any means nor am I complaining. I got exactly what I paid for at the time when buying. We all feel we're being smoked out not to mention those moving in are getting ripped off. There's nothing we can do about it.
I came from Ontario originally and don't want to leave. Despite what many people say, I love(d) it out here. I've put some serious consideration into leaving the country altogether.
Most people I know talk the same, especially the younger. But I talk to immigrants who point out europe is more expensive as well. The lack of rent control really hurt during covid. TONS of buildings got bougth, and rents went up overnight. Now they blame Trudeau when our premier would do NOTHING about it.
Parents left us 40 acres in NB so brother, nephew and family are all selling up in Calgary and moving to build on the property, 40 minutes from Moncton.
Rent me a cottage for cheap and Ill help you 😂
I moved to Fredericton in 2019, pioneer remote worker at the time. Having a non-local paycheck is the only way to make the supposed cost savings work. Comparable local job postings for my professional role is a 40% paycut, and even then I get the vibe those few jobs are near impossible to land. Everywhere on earth there is a who-you-know component, but it's on steroids here, no vouching no job because "good" jobs are incredibly rare to exist at all.
The locals are very friendly in the day-to-day passing interactions. Although in more purposeful social settings I can't count how many times I've been asked what's my last name, seems all the locals share the same five last names. Once the fact becomes known you're an outsider, that's your label from then on, maybe it's my imagination but that's when the polite shunning begins. You can make friends with transplanted ontarios, even though that'll be temporary because most outsiders rarely stick it out past two years. Which is okay with me, I mostly keep to myself and spend my time in the amazing outdoors here, but outsiders definitely need to know they aren't welcome here with open arms.
Problem is too many buy into the myth of "NB having more friendly" communities; there are no lack arrogance and narrow exclusiveness in many of them.
I wish those who move there the best of luck. I lived in Fredericton for a year...the fishing was great but that's about all I can say I miss! I was either overqualified for jobs I applied for or else not eligible because I am not bilingual. Back to Alberta!
My granddaughter moved there last year, the realtor told them the first thing you do is change your license plate!
@@Diane-no5nx Also get rid of your luxry car, but to be fair, they often get vandalized in NB.
I live in St. Andrews. Moved here from Vancouver area 11 years ago. So interesting to read the comments. It shows how overall trends can be true and individual experience can also be true. I'm glad we moved, but do recognize that there are definitely issues in this province.
We moved to Fredericton Feb. 2022 from Mississauga. We were trying to find a rural home to retire in in Ontario but couldn't find anything that we liked for under $900,000.00 even in North Bay. We purchased a home with 4 acres and a beautiful view for a little over $400,000.00. The biggest issue moving to New Brunswick is that there are not nearly as many amenities available that you may take for granted in Ontario, especially if you were living in the GTA where everything is available within a 5 minute drive. My husband and I didn't really take advantage of all these amenities so moving to New Brunswick didn't really affect us as it may for others who love the nightlife and going for dinners, not to mention having a Tim Horton's on every street corner. You really need to look at your lifestyle before deciding to move here.
ery true. We did not like the lifestyle in NB not to mention the poor access to primarty healthcare. I was born and raised in NB and thought things may have changed for the better, but I was wrong. Still a good experience moving back there for 3 years, and it did make us realize we took BC for granted... and ended up back in BC.
From Moncton. It's nuts here. Rents and houses prices 2-3x in 4 years. Our wages are so low. It's not good. :(
We thought of getting a condo in Moncton, but for us not needing a mortgage, it is not worth it, as the fees, property taxes, and utilities was just insanely too high. We moved back to BC where we have more disposable income.
@@rps1689why BC?
@@Anomalyy666 We have more disposable income now in BC because groceries and utilities are much cheaper plus we get tax perks and benefits we didn't get in NB. Also can't get emought of the mountains, valleys, and island not to mention the temperate climate.
@@rps1689 can u get cheaper houses?
@@Anomalyy666 Nope. But in BC you can end up having your proportion of renter household income spent on rent and utilities lower than that in NB due to better paying jobs.
I know a couple that lived in Fredericton and in 2021 they paid 925 a month for rent, at the end of 2022 got a notice of an increase to 1875 effective in the spring and that didn’t include the NB energy bill. They had a family income of about 70K. They moved to BC and now are making just over 140K amd more in the next couple of years. She’s a Skytrain Attendant and he’s in transit security. They pay 1800 a month for a new unit and are protected by annual rent increases. They are young and overwhelmed and haven’t stopped going on about cheap groceries, their company benefits, the money they are banking, and their new EV. They remind me of my youth and the prospect of a new promising life. My wife and I are happy for them, as they were in a dead end job in NB and were somewhat hayseeds that now are getting to experience a life they could never have imagined in NB considering their education. They somewhat miss family at times, but I told them not to fret over it, as they can afford to travel more due to have more vacation time plus they could easily save for a nice down payment for a house in NB if they ever decided to go back. But it looks like they are saving for a downpayment for a nice condo.
"balanced market" 275k listings a month ago vs 300k listings today and rising 1k each day.
lots of speculation trying to flee.
And Ontarians realizing they moved to a province where services are dysfunctional and they got attracted by the prices only.
@@veeo987 Not just Ontarians, also BCers and Albertans. They should have researched thorougly or at least spend a winter or spring in NB before moving to NB. Luckily some can afford to move out of NB.
Great video with another great guest: Ryan seems to be very knowledgeable, down-to-earth and very well spoken.
We all know that the housing craze is a national (and even global) phenomena but hearing it from local realtors makes it more real.
Love the way this channel is evolving!
Better way of life is a HUGE exaggeration!!! Moved here a year ago (Moncton) moving back to Ontario in August.
To each his/her own ; )
Maybe all you did was exchange city scapes. You possibly should have changed your perspective on what you consider a "better way of life". If you can't live without a Costco 10 minutes away than your impression of what a healthy lifestyle entails is not really compatable with the best this province has to offer. As they say.. "good luck and don't let the door...".
@@davidpetersen1 Did I mention anything about Costco? How about waiting over 5 months for a simple ultrasound! Wasn’t until I was diagnosed with stage four melanoma that I finally received scans and tests within days! Kinda pathetic. Oh…and don’t get me started on the shit wages here. Moncton hospital, same position I was working in Ontario, $15.75/hr here compared to $23.90 back home! No thanks.
@@davidpetersen1 That wasn't the problem for us, it was the terrible acess to primary health care, and the taxes, utilities, and groceries were too high. We had to dip into our savings to get by comfortably. We moved back to BC where we now have a good disposable income with much better access to healthcare. It took us 3 years living in NB to realize how much we took BC for granted.
@@rps1689 yup.. but with like just about everything.. it is what it is.
Thank you so much for including New Brunswick in the mix this time. Really appreciative of the stats and market sentiments. Thank you!😊😊😊
NB is a lovely place to visit, but not to live. Yes, properties are very affordable, but the health care system is a disaster. Access is a nightmare and wait times are criminal. Taxes are high. I made a huge mistake moving here and can’t wait to return to Ontario. As for Moncton, it is surely among the least attractive cities in Canada.
WIsh you lick on getting back to your province. We gave NB a go for 3 years, but the access to health care was terrible and we had less disposable income in NB than we did in BC so we moved back to BC.
oops. Meant wish you luck
@@rps1689totally agree on the access to medical. It is the worst that I have seen in 20 years of being here. I am moving on, too.
Problem is that they are so few good jobs paid above 25 dollars/hour.
Cost of living is still very high... impossible to make saving.
I m not sure it worths to invest in real estate for a long term period.
My plan is to move out of Canada ❤
@@LeHalazoone Curious.. Where will you go?
Thank you for being honest about this. There's so many realtors out there that will gloat about "sold over asking" and "high sold prices" but it's nice to see someone who cares about people and their buyers.
No problem, thanks for watching
Very well said. The only attractive thing about NB is really the prices. I know a man from Ontario who lived in NB before the bubble. He told me NB is probably the brokest province in the country. Wages are extremely low, there are power outages all the time, the healthcare system is almost inexistant and the roads are barely plowed in the winter. If you're looking to live a slow pace life and you don't care about standard of life, it can be great. It's very beautiful and the pace of life is slower. But for people from BC, Alberta and Ontario used to live a higher lifestyle, it's not great.
That is exactly why some of us want to live there, tired of the pace of Calgary.
Municipal services in Sussex are much much better than Ottawa. Snow cleared hours after it stops. I would sometimes literally wait days to get plowed out in Hintonburg. Sidewalks salted and windrows cleared immediately, not the case in Ottawa. Garbage always on time, internet has been rock solid here in Sussex.
@@minimaxmiaandme.4971 I lived in Calgary for 15 years, I have fond memories, and I grew up and became a man there but home in NB was calling and my wife and I are very glad to be here and not Calgary.
@@alexgraham2979 Sussex sounds much better at snow removal than Frederiction.
NO Doctors .....
No doctors, no LPN’s, no RCW’s, no paramedics, no hospital beds, no long-term care beds. Not even enough seats at the clinics or ER for people to sit in while they wait. PEI increasing its population by 30% but you know hospitals aren’t increasing by 30%. Infrastructure isn’t increasing by 30%. Overcrowded schools aren’t increasing by 30%.
@@Generic321my dad does the same thing. He had a heart attack while in Alberta and got exceptional care. He was put off work for 3 months, and came back to PEI. After waiting weeks and his appointments getting pushed with the cardiologist here, then he gave up and drove back to Alberta to see one immediately out there.
@@melissaforrest1952 There is a shortage of primary care doctors in Alberta as well. I live in Calgary and am trying to find one since mine retired. Very difficult.
@@minimaxmiaandme.4971 How is the walk-in clinic situation in Calgary?
I'm a realtor 25 yrs in the Fraser Valley, and I have had clients in the last couple of years leave for greener pastures (New Brunswick) only to find higher prices than they expected, reluctant to buy, rent increasing. Where is all this heading =(... great video
What did they expect, low taxes?
Bottom line is, if you have a home paid for in BC, you will have more disposable income than a person in NB with a home paid off. We learned the hard way, but got smart and moved back to BC. It took three years living in NB to realize how much we took BC for granted.
@@rps1689 Not sure about that, depends WHERE that home is. Provincial taxes are no higher here. Property tax is increasingly a problem. In Moncton we have international stores and easy access to the ocean. Pretty warm winters and lots of sunshine. Not BC level warm but also never have any summers full of smoke.
fact is,happiness depends on you and if you are picking a place just out of nickels and dimes, you'll likely not be happy. Hydro here is regulated and amongst the cheapest on the continent. Dont have nearly the level of gas prices as BC.
@@mikearchibald744 Yes it depends on where you live, For example a house in most of the lower mainland of BC assessed at 2 million after home owners grant will range from just under 4K a year to 6K. Our friends live in a 5000 square foot home in the lowermainland and pay about 200 a month for hydro and 90 a month for gas and it has 6 full time occupants. Keep in mind we don't have a service fee like NB does; that fee is about what many condo occupants in BC pay monthy in hydro.
@@rps1689 Frankly buying a condo in NB is nuts, so almost consider that a 'stupid tax'. The size of most condos you can buy a small lot and stick a factory home on it.
Gas and hydro of coures depends on many things, house design, weather, age of home, etc
NB is cluing in that you need a LOT more people to lower taxes to get efficiencies, thats what helps bc and ontario. We have land so we're into the feds no interest loan to go off grid. We have well water so that litearlly means the ONLY 'home' costs will be that property tax, which is just insane for the almost zero services we recieive.
A good friend’s employer moved them to Fredricton (same pay) and after 1 year she said It costs her $400/month more compared to Edmonton, taxes, food, gas, heating etc., She has since transferred back to Edmonton 🤷🏻♂️
Income tax is in New Brunswick is one of the highest in all of Canada. Unless you're on welfare d on't move there.
We moved back to BC because we had less disposable income due to taxes, groceries, and utilities in NB. When I got my first NB energy bill I thought there was an error, as it was about four times higher than my hydro bill in BC.
I moved back to the Dalhousie area just over a year ago. Being my hometown it's been a real lifesaver for me getting out of southern Ontario. Stress, expenses.. just in general everything has been taken down a couple of large notches. The major concern of people here on the north shore is lack of healthcare and the only cure for that is population growth. We need new arrivals to get back services. Moving to Moncton, Fredericton or Saint John is fine but if newcomers disporportionally move to a Costco then tbh.. all that will be created is another stressful and expensive city like the one they just left. Moving here should also entail the notion that driving 3-4 hours once every couple of months to a bigger city center is part of life. Come to the north shore people!! Come see the beauty and lifestyle outside the big box store. ☀
I can’t believe anyone is moving to the maritimes. With the highest tax, and lowest salaries I don’t know how anyone can make ends meet. If you’re moving here then I hope you don’t plan on accessing basic health care because forget about it. Forget about seeing specialists. If you have kids in school then forget about any resources for them. I’m speaking from experience on PEI though, but I don’t think NB is much different. We are currently selling our condo on PEI for hopefully a higher standard of living in Alberta.
But after saying all that lol Jon, if you know anyone in Ontario that hasn’t already migrated to the great east coast then I’m trying to sell my condo on my own. I’m willing to pay anyone a finders fee.
The Ontario people are working remotely and bringing their Ontario jobs with them. That's what we did, and I know other families that have done the same.
@@alexgraham2979 that makes the most sense then. I work in a small office of 6 people and 3 of them are from Ontario. 2 out of that 3 are in talks of moving back.
I suspect that many will regret. Housing affordability and jobs - first. But after one buys a house and has a job, there is more to life than just that. I would not want to live in the middle of nowhere (for long) even if someone pays me huge amount of money and I can afford a huge house.
@@Peter-sz1sn agreed. Money is moot after your basic needs are met. You realize that excess money doesn’t mean much when you’re unable to access other basic resources.
We moved from Calgary to Fredericton in 2022. People here in NB have been super friendly. We got a good price for our house in Calgary, and have been renting since we arrived. Prices here are too high, relative to the economy, in my view. I’m expecting a price correction here and elsewhere, as you do. We rent a lovely apartment in a great area. No complaints.
we moved from Calgary to S.J, I went to college in Fredericton and is beautiful in the summer and smells great in the fall.
No doctors, high taxes and bad weather. Sounds like the perfect place to move to….😂
Sounds like BC. But BC is more expensive and constantly gridlocked. Oh, yeah. Don’t forget the gang murders and free access to opioids. The opportunities for buying a detached home for a first time buyer are also close to none.
No doctors in Alberta too.
@@minimaxmiaandme.4971 not true. I changed my fam doctor in Oct 22 after 20+ yrs with the same guy. Called a friend of mine and asked for a recommendation, I called the office and got an appointment in less than a week. Very happy with my new Dr.
That's just Canada regardless of what province.
Those are some of the reasons why we moved back to BC.
Friends moved out there in 2021 and bought a house. Says the inflation in home renovations and associated building materials has really gone up since moving out there.
That was covid. They've come down, at least some. People in trades here shop online, thats where the best prices are. Lumber skyrocketed, btu then settled. Not as cheap as it was, but certainly cheaper. Problem is our government acts like this is a GOOD thing. Fact is, if nobody bought, prices would fall.
Moved here in 2021, to Cape Tormentine after being in the Niagara Region, for over 60 years. BEST DECISION EVER !!
Pretty simple how to solve the trades shortage.. DROP THE REGULATI9NS.. DROP THE APRENRICESHIPS!!! I know two guys who got their electriti9n schooling and never became electricians because they couldn't find an aprenticeship.
I came across an electrician working on new apt consruction site that was making the same an hour as I did as a part time drywaller in BC in the 90s! He told me it is hard to keep an tradesperson on the project until completion.
I'm in Sussex and yes, Ontario people including me, have been moving here for the past several years. I personally have met three other families with kids the same age as mine. We're planning on going back to Ontario, but I think the others are staying.
Why are you moving back?
@@James09291 We never intended on staying long. We were escaping Ontario lockdowns.
@@alexgraham2979 it’s even worse now. Prices are thru the food because of immigration
Im in Sussex too from Ontario, loving it. Made lots of friends and people are so friendly. Every time i go to Ont I cant wait to be back in Sussex
As a trade guy. If you want the trade guys to live there pay them . Don’t low ball them . I get 45 to 50 per hour in small town bc . The employer is Moncton offer me 26.50 per hour a journeyman
I hear ya. I met electricians on construction sites in NB making the same hourly wage I made as a part-time drywaller in BC in the 90s!
New Brunswick is a good province. They are unique in that they have 3 main cities spread throughout the province. lots of good things to say about New Brunswick when it comes to nature lovers and outdoor sports like snowmobiles and cross country skiing. Great for that type of passed time.
Born and raised in NB and find it mundane and its scenery is not my cup of tea, as there is nowhere where you can hike without seeing evidence that they are second or much more than second growth forests; no virgin forests in NB. Plus too many unstable monoculture tree farms for my liking.
The overwhelming majority of old trees in the forests of NB are not even beyond traditional rotation, which is quite evident even from above looking down from an aircraft.
The closest thing you will see to a real forest in the Maritimes is the remnant old-growth Acadian forests in NS, still not virgin forests and look like what second growth forests do in BC; nothing to write home about.
Sadly in the Maritimes, less than one percent of old-growth Acadian forest remains and it is getting smaller. I highly recommend for avid forest hikers to hike in the remnant forests of NS in near Cape Breton inland from Fishermans Harbour, and in Southern NS near south area of Handsled Lake. That is the closest you will get in the Maritimes to seeing a real forest.
NB, is basically a big tree farm with some nice nook and crannies and very interesting geological features. Sure you can see black bears, lynxes, white tailed deer, moose, bobcats, raccoons, otters, red foxes, coyotes, minks, snowshoe hares, porcupines, beavers, chipmunk and squirrels etc, but they are widespread in Canada.
Also the province is the most corrupt in Canada and is Canada's only company province.
I just moved from Ontario to the Acadian Peninsula. Yes, the cost of living is higher, mostly due to taxes, but I paid $180,000 for a very nice house on 2 acres of land. So overall I'm way ahead 😊
Let’s get a guest realtor for Nova Scotia (Halifax)!
Thanks for the update Jon,that will open some eyes as in moving out there or not.Folks,make sure you do your homework BEFORE you make the jump.
U think things are expensive at the store here wait until u get out east. I know people that moved but back 2 years later not for everyone.
A 5kg bag of PEI potatoes are roughly a dollar more expensive on PEI than they are for the exact same 5kg bag of PEI potatoes in Edmonton Alberta lol not sure how that makes sense (before tax)
@@melissaforrest1952 hah! Most likely do to other variables that make up the cost. Is labour expensive there ?
@@13odman negative. Farmers and factory owners here go through a provincial government rebate (PLR) which pays their employees up to 25% of their salaries. They pay 75% of minimum wage and the government covers the other 25%. So between shipping produce from PEI to Alberta the price lowers somehow.
@@melissaforrest1952 Is it really a minimum wage if the employer get's the government (taxpayer) to pay for it ?
@@melissaforrest1952 Alberta produced more potatoes in 2022 than PEI did.
Speculators and rental conglomerates are making it impossible for NBers to live in our own home province. We don’t have the infrastructure (nor the political inclination to invest in infrastructure) to maintain the static population BEFORE the boom started. Schools, hospitals, GP practices, and traffic are all overflowing with folks who aren’t having our needs met.
We’re known to have been friendly to newcomers, but it’s a bit *tense* these days ;)
Really interesting, John. Thank you.
I have only been in NB for a year and home prices have gone up quite a bit. Not every home is equal when buying, I am seeing many homes selling in a couple days, that means there was probably no conditions and cash buyer. I saw one on Frampton with a pool looked so amazing I am sure they got 50-100k over asking. People can under bid with multiple offers on basic homes. High quality homes will continue to outgrow the rest of the market and I am sure under bidding will make you bid on more houses.
I found too many homes in the price range below 300K had a lot of defects or were heavily nicotine contaminated. I even saw a few houses that removed floor bearing supports in their basements causing the floors to sag and even warp the walls of the house.
I’ve been looking at Nova Scotia (my husband is from there), I’ve always lived in Greater Toronto area. We were thinking of eventually moving to NS. It used to be so cheap there but I can’t seem to find anything at reasonable price anymore. Do think this will correct? The only reason I’d want to move there is for cheap housing, as everything else is way more expensive.
NS got so expensive in such a short period of time, that it is worth looking at smaller towns and cities in BC.
Try buying some undeveloped land or a vacant house on a road that is paved? You should be able to buy an acre lot for $10,000 or so. If you can’t find one, let me know. I may know something available. Rob
I was born and raised in Saint John and want to move back home my family is there..the rent is high same in Cambridge, Ontario...it wasnt like this.when people from Brampton moved to Cambridge everything sky rocket it is crazy..allot of immigrants moved into the city
Very true
True and honest info thanks 👍👍👍
Love your channel!
Grew up and lived in NB for 25 years, living in Vancouver now. Whenever I check the Moncton real estate it makes me want to move back.
Have you been to Moncton lately?
There is very little going on in NB. Working from home is not an option for many.
It seemed that way when I visited there.
Thanks Jon🖐️
My wife, kids and I moved to NB, near Miramichi a year ago from southern Quebec. Very happy with our move. We both have good jobs with excellent future opportunities, the school our children go to is excellent, we are having a harder time getting a family doctor though. My siblings and parents are even considering the same move.
Great guest!
New Brunswick borned here. Can't believe anyone would move there, unless to retire
You should be talking and worried about the New Brunswick real estate agents that are snapping up the properties. Should be illegal that a real estate agent can purchase a house as an investment opportunity for renting. I was dealing with one agent from New Brunswick that had purchased five properties. Taking all of these five properties away from potential New Brunswick family owners..
Unbelievable
Happened to me two times. Put in a bid for a property only to find out later my agent tipped off another agent to outbid me.
@@rps1689 that is shameful
I asked you answ’d. Thx! PS: access to/ quality of health care also key factor.
Great Info
Wow. This was very interesting.
What is the "cap rate" you are referring to? TIA.
Net operating income divided by purchase price. Capitalization rate
@@jonflynn Why did your guest favor a high cap rate from years ago and you were happy with a 3% in Ontario now? What does the cap rate mean in lay terms?
@@kirk8359 higher cap rate = more yearly income. You would expect lower cap rates in Ontario vs. NB given higher competition overall + other factors.
Is that what they call money launderers now? "Speculators"😂
I've been to New Brunswick. It's quite beautiful, except the winter when it's just snow.
You see the same people 3 times a day and I couldn't hardly spend a week there the times I've gone there. I would never live in that wasteland.
In its captial city, snow removal is poor and maintenance of the sidewalks is dismall; forget getting out for a walk if you have mobility issues or in a mobility aid in the winter.
It hardly snows here in SE NB any more. Just slush and freezing rain most of the time. It's changed so much in he last 20 years.
@@numbercruncher6242 I hate it when the slush freezes.
NB life is great compared to Ontario, … we returned second time to NB…
just serious concern is not enough doctors of any specialty, but this is a problem across the country by now … we love it here, it’s getting little better , economy improved since 2000 yr…. Well good luck to anyone ❤
That was the problem for us mainly in NB; access to primary healthcare was terrible and my wife was put on a 3 year waiting list to see a specialist so we went back to BC. Though it isn't perfect in BC, it is paradise compared to NB when it comes to access to healthcare.
I left Ontario in 2020. beat the rush. Seen what was coming a mile away. l was in the rite position and knew there was a good chance l would be forced to retire. LUV it here. Trails for miles. fishing boating. i am in the north west part. Like any where, you gotta know what you NEED and want. I think l just lucked out. And i am outdoors type. snowmobiling is absolutely awesome. My daughter came to visit and wants to move here now. And good people.
How are you finding the access to a primary care physician or say a hospital able to provide cancer or advanced treatment? When I lived in NS years ago, it seemed everyone from PEI and NB had to come to Halifax for anything serious.
My girlfriend and her family 2 kids moved in 2021 and still don't have a doctor
@@johnf6545 So far have not needed it. Im 63 and in good health. There are basically no doctors and there is a hospital 20 kms. I have not had any confidence in the health care system for over 25 yrs. Nor access to it due to no doctor. The locals seem to find it ok here so...?? hopefully wont need it.
@@marshferguson4737 I havent had a doctor for the most part for over 25 yrs. The one l had in Ont. for 8 yrs, was a flake basically. No confidence in our health care system- its a joke. And i find most are not very good.
@@johnf6545 NS is way worse than NB in my opinion. Doctors are quite good here, hospitals are good. You won't get Ontario healthcare anywhere else because they pay high tax amounts from high home values and income.
I hear that alot. Good luck!
I live in Moncton NB, taxes on everything will eat you up. Not what it used to be. Good luck!!
Taxes alnong with the insane price of utilities and groceries made us dip into our savings, so we moved back to BC where this isn't the case and have more disposable income now.
I was just looking at a gorgeous spacious condo in BC in a very sought after neighbourhood that is asking just under 400K and the property tax on it a year after the homeowners grant is 1032 a year; and if you are a senior, 757 a year, and the strata fee is only 500 a month and that includes heating, water, access to a large indoor swimming pool, gym, pool room, and workshop. Basically including your BC hydro for lights and plug ins, taxes, and strata fee, your expenses for this condo is 621 a month, and is you are a senior, 598 a month.
It definitely crossed our minds...one side of my family is from Moncton, better like snow! My sister moved there from Orillia in mid 2021 upon retirement, at that time average house prices were close to half in NB (exception Moncton being slightly higher) . With prices now dropped in Ontario, but still steady rise there, the incentive is dwindling, especially keeping in mind property taxes in N.B. are noticeably higher, so what you save in mortgage, you make up for in taxes, and lower wages. Slower pace though...
great guest
I love NB! Shediac area, Parlee Beach!
Great summers there, but winters are horrendous.
@@rps1689 It snowed three times, all togheter was not 1 foot of snow.
@@mybestideas1 Too much for my liking and those cold temps.
I know so many people who moved out east recently... but a lot of them come back
I help some move back to BC and ON while I was living in NB. They came to the realization owning a house isn't everything.
It's a huge culture shock. NB-ers are not really welcoming and embracing bunch. The French ... still crying for something that happened 300 years ago, but could not care less for the Native's and what has been done to them. Most ppl in NB are uneducated or very poorly educated, including the university graduates.
They will prefer to hire 'their boy' without proper education and knowledge over top notch expert from elsewhere.
We’re a closer to 2.5 months of inventory here in Saint John Area. Would love to talk to you anytime about the real estate market here in New Brunswick 🚀🔥‼️ I’ve helped many Ontario families move here
Anyone I know moving here who isn't stupid rich is really regretting the move with how things are here.
Need a doctor? Get in line for a decade.
Need any kind of emergency care? Cross your fingers to be seen!
Want to walk downtown? Hope you won't mind possibly not making it because of all the crime!
I live downtown Moncton, I see it all..
Saw you in your orange truck today , gave ya a honk
If you come to NB you kinda have to bring a job with you!!
Or a very decent pension income.
Move to Campbellton not Moncton it’s become a busy crazy place, Campbellton is only a three hour drive to Moncton and closer to Ontario
We are currently working to sell our house in Ontario and move down there. The company i work for is down there as well, but i will be taking a huge pay cut. I am bothered buy all the talk about the outsider treatment. I was born in New Brunswick, grew up in the Upper Gagetown area then Oromocto. I for sure didn't expect to hear that people there would treat anyone like that. I hope it wont be like that for me and my family. But ever since covid you hear stories like that all over the world. People moving to new places, driving up prices etc.
I was born and raised in NB, and went back for three years. There is some disdain in NB for those "coming back home" having the advantage of buying a house or even renting , as many NBers feel they have been priced out of the housing market because of those from richer provinces willig to pay more.
I was treated OK, but I noticed how there was no lack of back stabbing and talking behind ON, AB, and BC peoples backs.
We went back to BC because we found NB too pricey, higher taxes, and the access to primarty health care was terrible. Plus we get more perks and benefits in BC compared to NB. I was a neat experience though and it made us realize how much we too BC for granted.
@rps1689 how did you find the real estate and general cost of living comparison for BC vs NB?
@@newbrunswick12345 If you own a property paid for in BC, you will definitley have more disposable income in BC.
Real estate is very expensive in BC, but there are places in the less sought after places that can be the same price as a house in a city in NB.
If you are a renter in BC, you can end up having your proportion of renter household income spent on rent and utilities lower than that in NB due to better paying jobs. I know a couple that lived in Fredericton and in 2021 they paid 925 a month for rent, at the end of 2022 got a notice of an increase to 1875 effective in the spring and that didn’t include the NB energy bill. They had a family income of about 70K. They moved to BC and now are making just over 140K amd more in the next couple of years. She’s a Skytrain Attendant and he’s in transit security. They pay 1800 a month for a new unit and are protected by annual rent increases. They are young and overwhelmed and haven’t stopped going on about cheap groceries, their company benefits, the money they are banking, and their new EV. They remind me of my youth and the prospect of a new promising life. My wife and I are happy for them, as they were in a dead end job in NB and were somewhat hayseeds that now are getting to experience a life they could never have imagined in NB considering their education. They somewhat miss family at times, but I told them not to fret over it, as they can afford to travel more due to have more vacation time plus they could easily save for a nice down payment for a house in NB if they ever decided to go back. But it looks like they are saving for a downpayment for a nice condo.
I moved to NB from Ontario in 2020. The housing is more affordable across the board, essentials are about 20% more expensive, restaurants and bars are the same or slightly cheaper, healthcare is horrible even in larger centers. I think for people who can work remotely, New Brunswick and all of the Maritime provinces will continue to grow and continue increasing a budget surplus in tax revenue, for those who have to go to an office to work, I believe the biggest declines will be Ontario, Quebec and British Columbia. Alberta will see the largest surpluses increase, Saskatchewan will probably increase greatly over the next 5 years. I don’t think healthcare will improve anywhere until capital gains taxes are reduced, and medical professionals are incentivized to remain in Canada. The worst part is there are many qualified healthcare professionals who work here, and are required to take 2-3 years worth of courses and end up working part time jobs not in their studied profession who are desperately needed to improve healthcare infrastructure in the country. Couple that with the fact that we have a lot of temporary foreign labor for agriculture sector, and don’t try to incentivize homebuilders and construction workers to move here…it’s bad move. It would be in the best interest financially for both Alberta and the Maritime provinces to establish themselves as sovereign nations and leave Canada, and improve basic infrastructure from there. For a long time, Toronto and Vancouver mostly and Montreal (to a lesser extent) were the epicenter for commerce, but when you’re talking about resources, manufacturing, and actual goods and services, that dynamic has changed greatly over the past 20 years, maybe with the exception of the tech sector in the Waterloo/Kitchener area, but even that is changing drastically now as those people and companies seek opportunities in more cost effective areas, much like the exodus from California to Florida and Texas.
Nice video Jon. I can't imagine getting such straight goods on traditional media like the CBC.
I'd rather transfer payments from the West go to New Brunswick over Quebec.
That is not how it works. Even Daniell. Poilievre, and Eby knows no provincial government has never contributed to the equalization program. The program is financed exclusively through federal revenues, such as personal income tax, corporate income tax, and GST. Provincial governments do not pay anything into the equalization programme.
Brings to mind the irony is a large portion of the wealth and income in Alberta, that is taxed, would not have existed if it wasn’t for the other provinces that collectively contribute almost 85% of Canada‘s revenue. Federal revenue is what has subsided the fossil fuel industry here and abroad that enabled that wealth; so the fact that Albertans and Alberta corporations create more revenue per capita due to them spending and making more, is irrelevant when it comes to them making a claim they they are not getting their fare share and are owed more.
it probably did shoot up by 700k but you realtors dont need to spook buyers who already cant afford the house they live in.
do some creative accounting to get the numbers you want to say on the paper right?
How high are the taxes in nb not worse than bc and yes higher than Alberta because of alberta oil and gas money
Strange math needed but difference in higher taxes still lower than BC overall. Say just home prices a million dollar house is probably 400-500k in good NB area. With 5% interest rates the extra 400-500k would be 20-25k per year difference. Way more than the extra 1% property tax and probably way more than the appropriate difference in tax rates.
Taxes are lower in BC and there are foods in NB that are not taxed in BC.
What are you seeing on the ground? Mostly used needles.
Something I was surprised to see in Fredericton early in the mornings while out biking.
@@rps1689old news in Saint John.
I grew up in moncton. I wouldn't live in moncton lol
Leave us alone in New Brunswick, rents have doubled in the last ten years in Moncton.
NB is so corrupt that is doesn't have rent caps and has the worst tenants' rights in the country.
The things landlords get way with I could never get away with as a landlord in BC.
Landlords in NB want to charge what the market will bear in a so called “free market” yet want NB to maintain a rigged system and tax regimes that has little resemblance of competition and capitalism that favours them over the tenant.
Pei is an island which makes the economy situation worse
Their CRAZY in NB... CRAZY!
I immigrated to NB. Gone back to home country after few years. Ppl had been poor for so long here and it is reflected in everything.. Bad winters. Low qualified and less smart ppl. Narrow minded and leg pulling if you want to succeed. Typical problems one expects in a small village.
They can sell their homes but one in atlantic canada and retire with a nice bankrole of money.
Lots of people are, I met a couple, they were not investors but homeowners doing exactly what you said can you blame them?
Sadly they are creating the problem for NBers that many are trying to escape from in richer provinces.
its not greed. it's the cost of repair and inflation.
My friend and her family moved to NB in 2021 from Southern Ontario. They sold for 700k and bought for 300k. They owed 300k on the mortgage so walked away with 100k
If they moved to Africa, they could have saved more 😂😂😂😂😂😂
Then they did some renovations, and the 100k went up in smoke
@michaelepp6212 oh yeah the money is gone because she's homeschooling
The new capital gains tax doesn’t help people who bought houses there for Airbnb
Anyone who bought a property to be an Airbnb, should know when they sell it, the gains were always subject to taxation.
lol, it’s still KlausSchwabia, formally known as Canada.
Good luck with that.
I see 129 listings under $125 K.
So much immigration in Moncton
Can't just blame investors for driving up prices. Nobody forced the sellers to sell at outrageous prices. If no one sold to them, they would have nothing to invest in.
Spot on!
But they couldnt do that if investors didnt buy
@@ryanwilliams3857 Can you elaborate?
Sounds like politicians here lot of omissions............almost no renters rights........senior?..move out west.....good luck.....yes i am from Moncton😊
Playing it safe and playing the long game. Why keep living in mega bubble market city, where inflation, crime (is on the rise), multi-cultural misunderstandings and disinformation, traffic dystopia (zombies), political revolts and encampments.... Sit this one out, till you're in your 90's and enjoy all the Netflix and Ai toys that's coming soon.
My biggest complaint in NB is the property tax. Moncton, Saint John, and Fredericton have some of the highest property taxes in Canada. If you have a mortgage, be prepared to pay the equivalent to a double mortgage.
Those property taxes and the expensive utilities is what stopped us from buying in NB.
That's not true. For the townhouse in TO, of 700 sq feet I was paying the same as for the massive ranch house with 4 times the land.
@@mybestideas1 My wife and were seriously considering getting a condo in Moncton, but for us not needing a mortgage, it was not worth it, as the fees, property taxes, and utilities was just insanely too high especially for someone on pensions. Keep in mind BC has a generous home owners grant for those that occupy their property especially for seniors. One winter in Moncton was enough for us.
@@mybestideas1 Brings to mind I was looking at a gorgeous spacious condo in BC last week or so in a very sought after neighbourhood that is asking just under 400K and the property tax on it a year after the homeowners grant is 1032 a year; and if you are a senior, 757 a year, and the strata fee is only 500 a month and that includes heating, water, access to a large indoor swimming pool, gym, pool room, and workshop. Basically including your BC hydro for lights and plug ins, taxes, and strata fee, your expenses for this condo is 621 a month, and if you are a senior, 598 a month.
You better have 1 to 2 million in savings depending on your age. The cost of living, outside of housing, is double that of Ontario. And I mean everything ! Wages are the lowest and taxes are the highest in Canada. Irving Oil and McCain Foods control everything including the govt. !!!
Forget about health care and education. They were rapidly diminishing ten years before Covid. Flooding is a year round problem everywhere unless you are on higher ground away from lakes and rivers. And I am talking about serious biblical flooding. The locals for the most part are great just like most Canadians, but there is a large segment that despise Ontarians for driving up the cost of housing and rents and just about everything else. I am quite frugal and could have gotten a good deal on a place to live in 2021, but the absence of health care was a deal breaker. If I was younger it would be a different story. My advice if you move to any Maritime province , is to mind your P and Q,s and not come off as a know it all with lots of money to wave in local,s faces. They are good down to earth people who have been given the shaft by the govt. many times over the last 40 years or so. It is their home and you are their guest !!!!!!
We found living in NB really took a bite out of our savings, but now that we are in BC we have no need to dip into our savings and have more disposable income due to utiilites, taxes, and groceries being cheaper; plus we have perks and breaks we didn't get in NB that saves us money we can bank.
No one is moving to NEW BRUNSWICK income taxes and overall taxes are far too high. Only poor people move there.
Some are, but they do little for the economy and are not the human capital the province really needs.
deepest voices ever lol
But I may say Saint John renting its crazy....
Renting is crazy all over NB and has the worst tenants rights in the country. The things landlords get away with in NB I could never get away with in BC as a landlord.
I checked out some apts in Quispamis and couldn't believe they were more expensive than similar apts in greater Vancouver, plus had no annual rent caps on them.
Lots of French in New Brunswick. Which is ironic considering its name.
Affordability in NB ??? Our Food cost more, our gaz cost more our electricity cost more and NB has the second highest property taxes per capita in Canada !! Please make educated comments.
I find NB gas cheap, but the taxes, utilities, and groceries are insanely high.
@@rps1689 Gaz is higher then in Ontario
@@MM-xg2td It was when I was there last month for a visit.
@@rps1689 Not possible, NB as a higher gaz price because of Carbon pricing. I have relatives living in Ontario.
@@MM-xg2td In northern ON now, it is just over 1.62 a litre and 1.63 in southern NB.
Provinces get to set the rate for carbon tax, but the catch is - as long as they comply with the minimum requirements set by the federal government. Carbon pricing plays a minor role in the pricing of gas.
What you pay at the pump is all fabricated by algorithms that elude enforcement of pricing schemes. What is interesting is crude oil is purchased in long term contracts. Some folk think it is the spot price we all get quoted in the media. When the spot price rises, the pump price jumps fast, and when the spot price falls, we know what usually happens ; ) Note this happens in unison among brands, but of course the government says they can't prove price fixing or gouging, which is a lie, because the price is arbitrary and not based on shipping costs and other costs. Such is the reality when oil majors having economies the size of nations.
That being said, gas prices have been artificially low for decades. There is no free market in energy not even since the beginning of the indusrial revolution; all energies subsidized and are a network of administered oligopolies. Nobody would put up with paying the full price of energy. Not the powers that be, and not the consumers.
This economic situation is created by stangers comming here with the intention of buying, flipping and selling for profit then take that money out of the province which disrupt our economy...
I knew some people from BC that did that exactly, and took the money they made from flipping and selling back to the west coast. These type of investors do little to contriute to the economy of NB.
People have lost they mind......
The municipalities could double the property taxes for landlords like they do in Florida and South Carolina.
Please dont move here
We like it the way it is
You do not speak for everyone in NB, but I get where you are coming from.
Exactly, NBers hate us outsiders from the rest of Canada, we are not welcome. But keep those inter-provincial tax dollar equalizations flowing no matter what!! If ya think that NB public services are bad now, imagine if BC/AB/ON didn't exist in which case total funding would be chopped in half. The rest of Canada pays the freight for maritimers and they hate you for it.
NBers just want a free ride so they can keep abusing EI/welfare programs while spending all day getting drunk in the woods on their ATVs.
I'm on the north shore.. people = services
move to newbrunswick if you want the worst health care in the world.
They are all bad
@@margaretannwhalen98 new brunswick is still worst
❤ seriously since 2008 they saved the rich by printing tons of money and loaned it tor free...this is what you get
Not the world's worst, but has the worst access to primary heathcare in the country.
@@margaretannwhalen98 It's all relative. BC with its faults, is still paradise for us when it comes to accessing primary healthcare compared to NB. My wife was put on a 3 year waiting list to see a specialist in NB; less than 6 months in BC. We almost broke into tears of joy when we went back to BC and stared using its system.
ARE you established here? No health care poverty wages 2000$ rents for something decent triple taxes go ahead buy a property in NB and live with a mortage for the rest of time..............TAXES!!!!!!