redmoose

A quick question (or two) for those who live in or know Fredericton well.

I am relocating to the city in August from else where in Canada . Although I will be studying at the university there, I am in the fortunate position of being able to afford to buy a property.

I don't know the city too well and was wondering if someone who does has any knowledge of the area around the University and whether buying there would be wise. I have read some troubling comments about the "liveliness" of certain streets and, as I have young children, something more family friendly would be preferred. Prices do seem to drop considerably when one crosses the river - is the North side noticeably more shabby?

Thanks in advance.

Atlantic Xpat

"Paging Tangram, Would Tangram step up to the microphone."

Tangram

I'm told not Graham St, Windsor St or Albert St as they are the Uni party streets with a couple of Frat houses on.

Move a couple of blocks away in any direction and you should be ok.

Obviously budget comes into it and I don't know what your budget is. Traditionally the southside of the gorgeous Saint John river has more 'snob' value and is more 'established'.

redmoose

Thanks for that Tangram. I had heard about Graham St but wasn't sure about the others.

I'm not totally sure about budget yet but will probably be hoping to buy something smaller outright (max $150K) or spend a bit more, get a mortgage and rent out an attached apartment. If I do the latter, I'll need to be reasonably close to the Uni/ downtown to attract renters but don't want anywhere too crazy.

It's a tough time to judge the property market and I want to get it right as I'll be moving from relative prosperity to studenty poverty.