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New Brunswick is bounded on the west by the state of Maine, on the north by the province, and on the southeast by Nova Scotia. To the northeast lies Chaleur Bay (Baie des Chaleurs). To the east are the Gulf of St. Lawrence and Northumberland Strait, which separates New Brunswick from Prince Edward Island. To the south is the Bay of Fundy. Fredericton is the provincial capital, and Saint John is the largest city.

The difficult terrain of New Brunswick severely restricts its range of economic activities. Only in very limited areas is it possible to pursue agriculture, and there are only a few crops that can be grown. The lack of agricultural opportunity has led some inhabitants of New Brunswick to look to the sea and to the forest and mineral resources of the province for a livelihood. New Brunswick's primary industries supply most of the raw materials used by its manufacturers. Service industries, including the important tourist industry, are the leading sources of employment, followed by manufacturing and trade. A 2001 real estate survey has estimated the population of New Brunswick at 730,000.

A second region of important agricultural activity includes the valleys that run parallel to the southern shore of the province to the lands around Moncton. These lands have been diked to protect them from the Bay of Fundy. This region represents the largest area of good agricultural land in the province, and it is a leading dairy area of the Maritimes. Field crops, mainly oats and hay cut from cultivated grasses, are grown to support the dairy herds. Some farming is carried on in the eastern coastal region but is most often a part-time occupation for fishers.

Most of New Brunswick's agricultural produce is consumed in the province, except potatoes and some fruits, such as blueberries and strawberries, which are shipped to other Canadian provinces, the United States, and other countries.

In spite of the earlier depletions of the timber supply, 83 percent of New Brunswick is forested. Private ownership accounts for 30 percent of this timberland, while the public land total accounts for 50 percent. The remainder of the timberland is controlled by industrial freehold. Eastern New Brunswick, which contains both coniferous and mixed forests, is an important base of the pulp and paper industry. Chatham and Newcastle are sawmill centers; pulp, plywood, and pressed wood are manufactured in the area. The central and northern parts of New Brunswick have a greater wealth of timber and a more developed lumber industry. Some of this timber is floated downstream to the mills. The southern area began to be developed in the 1960s. Other centers are Bathurst for paper, Dalhousie for newsprint, Saint John for paper products, and Edmundston for pulp manufacturing. Spruce is the principal species cut for pulping.

With mortgage rates still among the lowest is decades and so many housing options at a wide range of prices, many people can carry a home today with no more than they pay in rent. The major stumbling block for most first time buyers is the initial down payment. Even if a first time buyer has the ability to keep up with the monthly financial obligation (mortgage payment, insurance, utilities, property taxes, maintenance), finding the down payment may be the problem.

Before turning their pockets inside out, first time buyers should determine how much they can afford to pay. The modest home they can afford may be a far stretch from their "dream home," but it will be a start and will require far less cash as a down payment. To determine how much you can afford as a first time buyer, enlist the services of a real estate professional. A REALTOR will help you identify what you want and take you to homes and neighbourhoods that reflect your lifestyle, needs and price range. This individual will also help you understand property financing, taxes, insurance and the steps you will have to take as a firsttime buyer to complete a real estate transaction.

 
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