Housing permits near annual record as construction activity remains strong in third quarter of 2026

The City of Moncton continued to see strong construction activity in the third quarter of 2026, issuing 334 building permits valued at $120.4 million, compared with $86.5 million in the third quarter of 2025. Year-to-date permit values total $326.7 million. Permits have been issued for 1,346 housing units so far in 2026, nearing the annual record of 1,367 units set in 2025.

Since July 1, residential construction activity in Moncton has generated $89.0 million in permit value across 117 permits, representing 642 new housing units. Projects issued during the quarter include a $17.1-million, 160-unit residential development by CG Group at 84 Corey Craig Dr.; a $17.0-million, 98-unit development by St. Bernard Place Inc. at 73 Botsford St.; and a $13.1-million, 81-unit development by 765557 NB Inc. at 285 Warner St.

“Moncton is continuing to add the housing needed to support a growing population,” says Mayor Shawn Crossman. “The pace of residential development shows that builders and investors recognize the opportunities our city offers.”

Commercial and industrial construction activity year to date totals $91.9 million in 2026, compared with $53.6 million over the same period in 2025. Notable permits issued during the quarter included a $3.5-million permit for improvements by Canada Bread Company Limited at 235 Botsford St.; a $3.3-million permit by Atlantic Commercial Properties Inc. for a future commercial building at 311 Price St.; and a $3.2-million permit by NBIMC Realty Corp. for site preparation and servicing for future development at 11 Intercolonial Way.

Institutional construction activity totaled $1.9 million in the third quarter of 2026. Permits issued during the quarter included a $684,000 interior fit-up for a medical clinic by Waycar Holdings Ltd. at 40 Mapleton Rd., a $377,000 renovation to the reception area by the City of Moncton at 655 Main St., and a $251,000 renovation project by the Province of New Brunswick Department of Education at 1234 Mountain Rd.

“Moncton is on track for another strong year of residential growth,” says Luc Babineau, Director of Economic Development. “With permits issued for 1,346 housing units so far this year, we are already close to the record 1,367 units issued in 2025. This activity reflects continued confidence in Moncton’s housing market.”

Information
Communications, City of Moncton
communications [at] moncton.ca (communications[at]moncton[dot]ca)