Housing in Moncton
Detailed housing data — sourced from authoritative datasets and normalized for direct comparison.
Housing in Moncton, New Brunswick
The housing market in Moncton has experienced significant demand due to record population increases over the past four years, leading to an imbalance in supply and demand. This has resulted in an affordability crisis, with average home costs increasing by 65% and average rents rising by 40% in the last five years. The average residential sale price in Moncton increased by 2.4% between 2024 and 2025, reaching $386,131 CAD in 2025.
For renters, the average rent for a one-bedroom apartment in Moncton was approximately $1,166 CAD in mid-2026, while a two-bedroom apartment averaged around $1,340 CAD. The city is actively working to address the housing shortage through initiatives like flexible zoning and incentives for developers, and has committed funds to supportive housing projects. The market is anticipated to transition towards a more balanced state in 2026, driven by continued migration and rising new listings.
Housing
About Moncton, New Brunswick
Moncton, often referred to as the "Hub City" of the Maritimes, is the most populous city in New Brunswick, Canada, strategically located in the Petitcodiac River Valley. Its central inland position has historically made it a vital railway and land transportation hub for the region. The city was officially founded in 1766 by Pennsylvania German immigrants and has since adopted the motto "Resurgo" (Latin for "I rise again"), reflecting its resilience and growth.
In recent years, Moncton has experienced significant population growth, ranking among Canada's fastest-growing census metropolitan areas. This growth is attributed to its blend of economic opportunities, relative affordability, and a high quality of life, attracting newcomers, students, families, and professionals. The city is also notable for being Canada's first officially bilingual city, contributing to its diverse cultural fabric.
About New Brunswick
New Brunswick is a Maritime province known for its extensive forests, diverse coastline, and status as Canada's only officially bilingual province. The economy is driven by natural resources like forestry, fishing, and mining, alongside growing sectors such as advanced manufacturing, cybersecurity, digital health, and information technology. Living in New Brunswick generally offers a lower cost of living compared to other Canadian provinces, with affordable housing and a relaxed, community-focused lifestyle. The province experiences a humid continental climate, characterized by snowy winters and warm, temperate summers.