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Rates are based on a home value of $400,000
| Insured | 80% LTV | 65% LTV | Uninsured | Editor's Tips GREAT RATE |
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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.
Moncton and Greater Moncton home price changes over the last few years.
Data source: CREA
| 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% |
