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Priced out: Dramatic increase in house prices puts goal of ownership on pause for some New Brunswickers

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Erin Hickey has just about given up on her quest to owna home in New Brunswick.In August 2021, she moved into a three-bedroom apartment in Fredericton with her two sonsafter she and her husband separated.She expected the stint in her below ground-level apartment to last just a few months, with plans to purchase a house of her own somewhere outside city limits in 2022.But two-and-a-half years later, Hickey said she's been outbid and feels out of luckfinding a home she can afford that can accommodate her familyand her work-from-home needs.WATCH | Why rent feels like 'ticking time bomb' for Fredericton woman:She's now wondering whether her goal of buying a home will ever materialize, especially with her rent taking a bigger portion of her income every year."I can't think of any better way to describe my rent going up than a ticking time bomb, becauseit's going to keep increasing," Hickey said."It compounds yearly around fiveper centso far ... andat some stage, if I stay in this apartment,...

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