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We are dedicated to promoting our cities’ economic development initiatives and tools to the business community. Our team is the first point of contact for companies and entrepreneurs looking to start-up, relocate or expand in Greater Moncton.
Greater Moncton Dashboard
Data refers to the Southeast New Brunswick region unless otherwise specified. Southeast New Brunswick includes Westmorland, Albert, and Kent counties.
Population
231,476
+2.0% YOY
Median age
44.8 Years
Total population increase**
4,515
Permanent Resident Admission*
645
+111% YOY
Southeast New Brunswick had record population growth in 2021, driven by immigration and record-setting interprovincial migration.
Dieppe was the fastest-growing Atlantic Canadian municipality from 2016-2021 according to the 2021 Census. Moncton was the 2nd fastest-growing municipality.
Sackville and Shediac were among the fastest-growing towns in New Brunswick from 2016-2021.
Permanent resident admissions to the Greater Moncton CMA surpassed pre-COVID levels in 2021
The regional population’s median age has climbed over the past 10 years but has leveled off recently.
*Greater Moncton CMA: indicates number of permanent residents admitted to Canada with Greater Moncton as their CMA of intended destination
** 2020/2021 represents July 2020-June 2021
Unemployment rate
5.7%
-1.6% YOY
Labour force participation rate
63.4%
-4.3% YOY
Minimum wage
$12.75
/ hour
Median Total Income – Couples
$91,000
+0.25% YOY
Public College Enrolment*
Total
2,105
+8.8% YOY
Public University Enrolment*
Total
6,428
+2.2% YOY
Public University Enrolment*
International Students
960
-0.7% YOY
Bilingual Population
(English/French)
49.5%
Working-Aged Population with
Post-Secondary Education
63.7%
Job
Postings†
8,252
+165.3% YOY
The Southeast region reached record employment in September 2021.
The labour force size has grown faster than employment during the pandemic, causing an increase in the unemployment rate.
Median incomes for all Census family types have trended upwards since 2011.
The median couple family earns over $90,000 per year, while the median “not in Census family” (i.e., people who live alone) earns over $30,000 per year.
The minimum hourly wage in New Brunswick is $12.75, set to rise to $13.75 in October 2022.
PUBLIC UNIVERSITY ENROLMENT IN SOUTHEAST NEW BRUNSWICK BY YEAR - DOMESTIC AND INTERNATIONAL STUDENTS
Public university enrolment declined from 2013 to 2018, but increased from 2018-2022.
Public college enrolment has increased by about 20% over the past five years.
As of the 2016 Census, 63.7% of the region’s working-aged population held a post-secondary degree or diploma.
Job postings declined in 2020, likely due to the COVID-19 pandemic.
In 2021, job postings returned to their pre-COVID levels.
The plurality of job postings are for sales and service occupations, and business, finance and related occupations.
*Mount Allison University and Université de Moncton, campus de Moncton
† nbjobs.ca/stats/hiringdemand/southeast
Building permit values – non-residential*†
$6,242,000
-50.27% YOY
Building permit values
– residential*†
$38,978,000
-23.98% YOY
Vacancy rates –
commercial*
12.3%
+1.8% YOY
Vacancy rates –
residential*
1.5%
-1.2% YOY
Rent –
commercial*
$25.66/psf
2.4% YOY
Average apartment rent
– residential*
$991/month
+10.6% YOY
Housing
starts*
327
+57.97% YOY
AVERAGE
HOME PRICE*
$327,300
+23.4% YOY
*Greater Moncton CMA
† Represented in thousands
Housing prices in the Greater Moncton CMA have increased nearly 40% since last year.
Housing in the region remains affordable relative to many other Canadian cities, including Halifax, Montreal, and Toronto.
The region had record housing starts in 2020 and 2021 (see below), which may ease housing supply shortages.
Residential rent in the Greater Moncton CMA increased nearly 11% from 2020 to 2021.
Vacancy rates were extremely small in 2021, with 3-bedroom units having 0% vacancy.
Over half of housing starts from 2019 to 2021 were apartment units. Record-setting, high-density housing starts may ease rental supply shortages.
*New and existing structures of three units and over.
Active Businesses*
3,997
+2.32% YOY
Net monthly business openings/closures*†
6 net openings
GDP*
$32.9 billion
+1.8% YOY
International Export value*
$409.9 million
-23.8% YOY
Top industries by employment
Wholesale and retail trade
16.3%
Health care and social assistance
15.4%
Manufacturing
7.8%
Top occupations by employment
Sales and service
occupations
28.8%
Business, finance and
administration occupations
16.2%
Trades, transport and equipment operators
and related occupations
13.8%
The number of active businesses in Greater Moncton declined in 2020 but recovered in 2021.
International export value from the Greater Moncton CMA increased by 50% from 2019 to 2020.
The increase in overall exports was driven by an increase in manufacturing exports.
The number of exporting establishments increased from 130 to 139.
18,500 Southeast New Brunswick residents are employed in healthcare and social assistance.
*Greater Moncton CMA
† Experimental data – interpret with caution.
Net business openings indicates business openings minus business closures. Business closures indicates the number of businesses that previously had a positive number of employees and now have zero employees. Closures are not necessarily permanent.
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