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Mortgage Rates in Moncton

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About Moncton, N.B.

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.

Life in 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.

Moncton's Housing Market

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.

Moncton home prices

Moncton and Greater Moncton home price changes over the last few years.

Data source: CREA

Moncton average home prices
Average July 2020 July 2019 July 2017 July 2015
Moncton $209,100 11.55% 20.95% 41.19%
Greater Moncton $213,000 11.87% 20.36% 37.35%
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