Developers Can’t Build Fast Enough to Meet Demand to Move to Shediac, NB – New Brunswick | The Canadian News

Once a seasonal cabin community, the demand for home seekers in Shediac, NB, far outstrips the supply.

Real estate agent Heather FitzGerald says she has never seen anything like it in her 16-year career.

“We have in the Shediac that are now just freestanding residential houses, only 21 houses on the market, and many of them are newly built,” he said in an interview Tuesday.

Once you set foot in the seaside town, you will be able to see new construction or announcements of upcoming residential construction wherever you look.

It has been a record year, according to Shediac Mayor Roger Caissie. “We used to get between 12 and 15 million dollars in permits. In 2018, new record, $ 25 million, ”he said, explaining that commercial construction increased the numbers that year.

“We matched the $ 25 million in 2020, at the beginning of the pandemic. In 2021, at the end of October, we had surpassed it by leaps and bounds, we reached $ 54 million. “

In 2023, the neighboring municipalities of Pointe-du-Chêne, Scoudouc and Shediac Cape will become part of Shediac, giving the city more land to offer to developers.

That’s good news for buyers, according to FitzGerald, who said more and more people are beginning to delay sales due to the latest developments in the pandemic.

“What we’re seeing in the Shediac area right now is a lot of people migrating from Ontario, Quebec, BC, wanting to migrate somewhere that is outside the city limits. Everyone wants to be within that 20 to 30 minute range to downtown, ”he said, adding that roughly 60 percent of shoppers in Shediac are from outside the province.

He explained that other communities near Moncton such as Salisbury are also in high demand from buyers from outside the province.

“I’ve seen more than 25 deals on a property,” he said of Shediac.

The trendy real estate market is bringing change to the community.

“We see more of a business community that operates year-round, whether in hospitality or other services as well,” Caissie said, noting that residential development was resulting in more commercial development.

When asked if environmental impact was being taken into account with all development, he said that part of Main Street would be renovated next year to address sewer system overflows and that there were many new environmental-related requirements imposed on developers.

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