Are Investors Driving Up Home Prices in N.B.?

Cory Allen owns seven rental units in Fredericton, charging low rents despite financial losses, hoping property values will fund his retirement. As part of a growing trend, investors like Allen are thought to drive up home prices, affecting affordability for first-time buyers and renters. Experts urge better data tracking and potential regulation of investor activities to ensure a balanced housing market. The lack of rent control in New Brunswick exacerbates the issue.