Saint John, NB is an industrial city which has many challenges, as does the entire province of New Brunswick. The Canada East Pipeline Project appears to be an on again/off again affair, with completion schedules which are far into the foreseeable future. Although Saint John is home to the largest privately-owned oil refinery in Canada, no other large industrial developments appear to be in the works. As a result, property taxes are high and non-owner occupied property is taxed at double rate, which is not helpful for those who can’t afford to own their own home. Vacancy rates are in the 10%+ range, housing stocks are higher and sales of residential units are lower. Looking at the market numbers for Grand Bay-Westfield, Saint John, Rothesay and Quispamsis the average sale price for a residential property for March 2017 was $212,593 up slightly from the $200,733 recorded the month prior.