Rates are based on a home value of $400,000
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Moncton is the capital city of New Brunswick, located in the southeast of the province. It is New Brunswick's largest city with a population of nearly 72,000 in the city proper and 145,000 in Greater Moncton.
Moncton is an affordable city that boasts a homeownership rate of close to 70%. In fact, it’s so affordable that in 2017 it was named the eighth most affordable city in the world by CNN.
The average home price for Greater Moncton as of July 2020 was $213,000 – slightly above the provincial average of $203,000, but well below the national home price average of $571,000. From July 2019 to July 2020, there was an increase of 18.3% in residential sales, marking a new sales record for the month of July. Prices, meanwhile, were up nearly 12% compared to the same period last year.
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