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To: Cogito Ergo Sum who wrote (44694)	1/18/2006 6:26:43 AM
From: wherry	Read Replies (1) \| Respond to of 116555

Kastel, yes, in recent years prices have gone up for existing homes in many areas of New Brunswick (but not all), partly because it costs so much more today to build a new one to current National Code standards and that is pulling the old home prices up. Having said that, it's still pretty cheap to buy an older home in much of New Brunswick - the population is more or less static overall, so there is little pressure on anything. Just remember to have say $50,000 in your pocket to bring it up to modern standards - you will probably want to replace windows, plumbing, heating, wiring, the kitchen, insulation. By the time you have done that, it is often close to as cheap to build new as it is to buy existing and renovate. Location is often the deciding factor, given that the existing house is probably on the obviously desirable site. It is land/building lots which is still pretty cheap around here, in most rural and many urban areas. Tony.