Building permit values – non-residential*†

$11,134,000

+104.0% YOY

April 2022 | Statistics Canada

Building permit values
– residential*†

$51,084,000

-23.6% YOY

April 2022 | Statistics Canada

Vacancy rates –
commercial*

12.1%

+2.9% YOY

Q1 2022 | Cushman Wakefield

Vacancy rates –
residential*

1.5%

-1.2% YOY

2021 | CMHC

Rent –
commercial*

$25.45/psf

1.4% YOY

Q1 2022 | Cushman Wakefield

Average apartment rent
– residential*

$991/month

+10.6% YOY

2021 | CMHC

Housing
starts*

349

+1242.3% YOY

May 2022 | CMHC

AVERAGE
HOME PRICE*

$340,900

+35.9% YOY

May 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.