Priced out: Dramatic increase in house prices puts goal of ownership on pause for some in N.B. | CBC News
New BrunswickHome prices in New Brunswick have climbed by more than 70 per cent in the past five years, leaving some feeling priced out of a market once considered affordable for the middle class.Average cost of a home hit $297,527 last year, up from average of $177,055 in 2019Aidan Cox · CBC News · Posted: Apr 05, 2024 5:00 AM EDT | Last Updated: April 5Erin Hickey has just about given up on her quest to owna home in New Brunswick.In August 2021, she moved into a three-bedroom apartment in Fredericton with her two sonsafter she and her husband separated.She expected the stint in her below-ground-level apartment to last just a few months, with plans to purchase a house of her own somewhere outside city limits in 2022.But two-and-a-half years later, Hickey said,she's been outbid and feels out of luckfinding a home she can afford that can accommodate her familyand her work-from-home needs.WATCH | Why rent feels like 'ticking time bomb' for Fredericton woman:Hanging by a thread: Big incre...