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Priced out: Dramatic increase in house prices puts goal of ownership on pause for some in N.B. [Video]

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New Brunswick News

Erin Hickey has just about given up on her quest to own a home in New Brunswick.

In August 2021, she moved into a three-bedroom apartment in Fredericton with her two sons after 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 luck finding a home she can afford that can accommodate her family and her work-from-home needs.

WATCH | Why rent feels like ‘ticking time bomb’ for Fredericton woman:The average price of a home in New Brunswick has soared by 68 per cent in the past four years, leaving some people, including Erin Hickey, feeling there’s little chance ofever owning one of their own.

She’s now wondering whether she’ll ever achieve …

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