Moncton housing market

Construction and supply

Builders started 2,927 homes in Moncton over the 12 months to Sep 2026, up 0.5% from the previous 12 months.

3,496 homes were completed over the same period (up 34.6%), and 3,318 were under construction at the latest count (down 13.3% year over year).

Fewer homes are being started than finished, which means the construction pipeline is shrinking and completions are likely to slow once current projects wrap up.

Building permits, which come before construction starts, covered 2,855 dwelling units over 12 months, up 3.7%. Rising permits usually point to more starts ahead.

Of newly completed homes, 41 were still unsold or unrented at the latest count (down 10.9%), while 475 new homes were sold or rented on completion over the last 12 months (down 1.5%).

Population and housing need

Moncton's population was estimated at 196,143 (July 1, 2025), growing 3.0% over the year.

That works out to 14.9 housing starts per 1,000 residents, and 17.8 completions per 1,000.

Roughly 5,666 residents were added in the latest year, about 1.6 new residents for every home completed. That is close to or below typical household size, so new supply is keeping pace with population growth.

Rental market

CMHC's Rental Market Survey put the purpose-built rental vacancy rate at 3.7% (October 2025 survey), up 2.1 percentage points from the previous survey. A rate of 3% or more is generally considered balanced or soft, giving renters more choice.

The average two-bedroom rent across all purpose-built units was $1,452 a month, up 6.4% year over year.

Advertised two-bedroom rents averaged $1,460, down 2.0% year over year.

Borrowing costs

Borrowers who took out a new uninsured mortgage in Aug 2026 paid an average of 4.58% on fixed terms of five years or more and 3.90% on variable rates, according to the Bank of Canada. The five-year-plus fixed average is up 0.3 percentage points from a year earlier.

Variable rates sit 0.68 points below long fixed terms, so borrowers are paying a premium for payment certainty.

The Bank of Canada's policy rate is 2.50% and the banks' prime rate is 4.70%. Variable-rate mortgages are priced off prime, so they move when the policy rate changes; fixed rates follow Government of Canada bond yields, with the 5-year yield at 3.46%.