2023
RE/MAX experts lend their local market insights and expectations for the year ahead.
FREDERICTON
Housing Market Outlook
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Fredericton
Notable trends, the factors behind them, and what's in store for 2023.
2023 Market Conditions
balanced
market
2023 Average Price
$294,340.44
2022 Average Price
$305,016.00
Home sales are expected to decrease 6% in 2023.
Regional Sales Trends
Factors impacting activity include cautious buyers and a housing supply shortage, which will likely intensify due to rising material costs and fewer listings.
Rising interest rates may prompt some would-be buyers to delay their purchase, unless necessary.
$400,000
$300,000
$200,000
$100,000
$0
2021
2022
2023
(estimate)
average Price trends
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Fredericton
Canadian Housing Market Trends
Amid rising interest rates and a looming recession, RE/MAX is anticipating a modest decline of 3.3% in average residential sales price across the Canadian housing market in 2023. In sharp contrast to 2022, 60% of regions analyzed are expected to experience balanced market conditions in 2023 – a trend that’s already materializing due to current economic conditions.
Download the national data table
73% of Canadians believe home ownership is the best long-term investment they can make. This is up from 49% in 2021.
consumer confidence
45% of Canadians are concerned that further interst rate hikes will impact their ability to buy or sell a home in 2023.
interest
rates
60% of Canadians surveyed said they own their home. 17% don't own, but expect to in the future.
Ownership
in Canada
We surveyed Canadians. Here's what they said.
64% of Canadians would move for an affordable home; but 50% wouldn’t go farther than 100KM. (RE/MAX 2022 Housing Affordability Report)
Affordability
50% of Canadians said taxes are their biggest concern when buying a home in the next 5 years. (RE/MAX Unlocking the Future Report)
economy
57% of Canadians believe climate change / weather-related events will impact where they choose to live in the next 5 years. (RE/MAX Unlocking the Future Report)
environment
2022 Year in Review
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Consumer data was sourced by Leger through an online survey of 1,544 Canadians, completed between November 4-6, 2022, using Leger’s online panel. Leger is the largest Canadian-owned full-service market research firm. Leger's online panel has approximately 400,000 members nationally and has a retention rate of 90 per cent. A probability sample of the same size would yield a margin of error of +/- 2.5 per cent, 19 times out of 20.
About the RE/MAX 2023 Canadian Housing Market Outlook Report
Historical values are sourced from CREA or Local Board statistics. Estimates and forecasts are based on the opinion of independent RE/MAX broker/owners and affiliates. For More information visit REMAX.ca. Each office is independently owned and operated. Your use or reliance on the information above is at your own risk. The information is provided without any warranties of any kind, either express or implied. Neither RE/MAX nor any person associated with RE/MAX makes any warranty or representation with respect to the completeness, quality, or accuracy of the information. To the fullest extent provided by law, RE/MAX hereby disclaims all warranties of any kind, whether express or implied,statutory, or otherwise, including but not limited to any warranties of non-infringement and fitness for particular purpose. RE/MAX also disclaims any responsibility for the content, the materials, the accuracy of the information, and/or the quality of the information provided.
-3.5%
Source: Historical values are sourced from CREA or Local Board statistics. Estimates and forecasts are based on the opinion of independent RE/MAX broker/owners and affiliates.
(Estimate)
(Jan 1 - Oct 31)
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2023 Canadian Housing Market Outlook Report
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2023
RE/MAX experts lend their local market insights and expectations for the year ahead.
FREDERICTON
HOUSING MARKET OUTLOOK
Consumer data was sourced by Leger through an online survey of 1,544 Canadians, completed between November 4-6, 2022, using Leger’s online panel. Leger is the largest Canadian-owned full-service market research firm. Leger's online panel has approximately 400,000 members nationally and has a retention rate of 90 per cent. A probability sample of the same size would yield a margin of error of +/- 2.5 per cent, 19 times out of 20.
Historical values are sourced from CREA or Local Board statistics. Estimates and forecasts are based on the opinion of independent RE/MAX broker/owners and affiliates. For More information visit REMAX.ca. Each office is independently owned and operated. Your use or reliance on the information above is at your own risk. The information is provided without any warranties of any kind, either express or implied. Neither RE/MAX nor any person associated with RE/MAX makes any warranty or representation with respect to the completeness, quality, or accuracy of the information. To the fullest extent provided by law, RE/MAX hereby disclaims all warranties of any kind, whether express or implied,statutory, or otherwise, including but not limited to any warranties of non-infringement and fitness for particular purpose. RE/MAX also disclaims any responsibility for the content, the materials, the accuracy of the information, and/or the quality of the information provided.
About the RE/MAX 2023 Canadian Housing Market Outlook Report
Find an Agent
For more local market insights, connect with an agent in Fredericton
For more local market insights, connect with an agent in Fredericton