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Saint John home sales stable in 2013

Residential sales activity reported through the MLS® System of the Saint John Real Estate Board numbered 63 units in December 2013. This was a 15 per cent increase from a year earlier, largely reflecting a weak December in 2012. Some 1,588 homes traded hands in 2013. This stood just one per cent below the 2012 annual total, and was slightly above the 2011 figure. “Despite quite a bit of monthly sales volatility...

Energy East Pipeline good news for housing market, say REALTORS®

The Saint John Real Estate Board welcomes today’s announcement about the Energy East Pipeline project for its potential to positively affect the local economy, including a boost to the rebounding real estate market. The Saint John Real Estate Board welcomes today’s announcement about the Energy East Pipeline project for its potential to positively affect the local economy, including a boost to the...

Saint John mayor pitches Port City to Toronto business leaders

Mel Norton says advantages include lower operating costs and competitve wage structures Saint John Mayor Mel Norton will speak at a Toronto luncheon hosted by former premier Frank McKenna and Maple Leaf Foods president Scott McCain. Saint John Mayor Mel Norton is headed to Toronto Monday to promote economic opportunities in the Port City. Norton will present to a select group of business leaders from across North...

Pipeline would benefit all Canada: executive

A proposed west-east pipeline bringing oil from Alberta to refineries in New Brunswick is in the best interest of all Canadians because it would help open up new markets and generate revenue that would be distributed from coast to coast, an executive with the Canadian Oil Sands told a Moncton audience Wednesday. “In Canada we need to diversify our energy markets. We have markets in the United States and Western...

Waterloo Condos invigorate Saint John neighborhood

SAINT JOHN – A proposed new apartment building on Waterloo Street is being hailed as a project that could inject life into the rundown neighbourhood and create less car-dependent residents. Developer John Rocca – the same businessman behind the Three Sisters condominiums on the waterfront – wants to build two buildings containing a total of 25 stacked townhouse units at the corner of Waterloo and Golding...

Cheap, stable, natural gas key : CEO

Securing a cheap and stable source of natural gas would allow Irving Oil to consider expanding its refinery, according to president and CEO Paul Browning. “That would be the precursor to decisions we might make around investing in our refining capabilities,” Browning said. “It is a fundamental part of our economics. “It’s the kind of thing that would give us the view that there are more markets we could...

Energy East won’t seek regulatory approval until 2014

TransCanada will not apply to the National Energy Board for regulatory approval of the proposed Energy East pipeline until 2014. The Calgary-based pipeline company had previously indicated it was targeting December to approach the country’s regulatory agency to seek approval of its project to send Alberta oil via 4,400 kilometres of pipeline as far east as Saint John. TransCanada’s Energy East president Stefan...

Saint John : Planned Deepwater Marine Terminal Expanding

Irving Oil Ltd. president and CEO Paul Browning says the construction of a proposed deepwater marine terminal to be built in Saint John will have a much larger price tag than originally proposed. The original $300-million cost estimate was based on a one-berth jetty, Browning said Thursday. But due to demand, the terminal is now being re-engineered to dock two of the world’s largest supertankers, each capable of...
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