Building permit values – non-residential*†

$6,929,000

-87.2% YOY

September 2022 | Statistics Canada

Building permit values
– residential*†

$49,705,000

+389.4% YOY

September 2022 | Statistics Canada

Vacancy rates –
commercial*

12.4%

+1.3% YOY

Q3 2022 | Cushman Wakefield

Vacancy rates –
residential*

1.5%

-1.2% YOY

2021 | CMHC

Rent –
commercial*

$25.69/psf

2% YOY

Q3 2022 | Cushman Wakefield

Average apartment rent
– residential*

$991/month

+10.6% YOY

2021 | CMHC

Housing
starts*

45

-72% YOY

October 2022 | CMHC

AVERAGE
HOME PRICE*

$311,500

+14.1% YOY

October 2022 | CREA

*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.