Record Setting Year for the City of Moncton as Building Permits Reach $477.9M

The City of Moncton has reached a historic milestone in 2025, issuing a record-breaking $477.9 million in building permits, the highest annual total in the city's history. This new record surpasses the previous record of $366.1 million set in 2022 by nearly $112 million, representing a 30% increase and underscoring Moncton’s continued growth and economic momentum.

Residential and institutional development were nearly equal drivers of Moncton’s 2025 building activity, with residential projects representing 44% of the total permit value and institutional developments close behind at 42%.

Residential development in Moncton reached a new high in 2025, with $208.5 million invested across 436 permits. This activity added 1,367 new residential units to the city’s housing market; the highest number ever recorded in a single year. Notable projects include two apartment buildings at 236 and 260 Millennium Boulevard, representing a combined investment of $34.6 million, a $12 million apartment building at 305 Warner Street, and an $11 million apartment building at 30 Waterloo Street.

“This milestone reflects a community growing with intention. The record pace of residential development highlights Moncton’s commitment to addressing housing needs and improving affordability,” says Deputy Mayor Paulette Theriault. “Major institutional and commercial projects continue to build on the strong development trends seen in recent years.”

Institutional investment reached $201 million across 52 permits, an increase of nearly $175 million compared to 2024, when institutional activity totalled just over $26 million. A standout project was the $112.1 million Phase 2 permit for the Atlantic Science Enterprise Centre at 343 Université Avenue, which will add new laboratory and office space.

Healthcare‑related projects also represented a significant share of this activity, including $20.6 million in renovations to upgrade the Dr. Georges‑L.-Dumont University Hospital Centre (330 Université Avenue), $6.6 million in pharmacy upgrades at The Moncton Hospital (135 MacBeath Avenue), and a $19.5 million investment in the Provincial Youth Treatment Centre (923 Salisbury Road). Collectively, these initiatives reflect continued investment in essential healthcare services.

Commercial and industrial development totalled $63 million in 2025, down from $87 million in 2024, while the number of permits issued remained consistent at 164. Although the overall investment value declined, the sector continued to see several notable projects. Highlights include the construction of a two‑storey facility for Manitoulin Transport (200 Babineau Boulevard), $5.1 million project for aesthetic upgrades to the Delta Hotels Beauséjour (750 Main Street), and a $4.5million development at 64 Queensway Drive that will accommodate space for two restaurants and a convenience store. An additional $3.3 million was invested in interior upgrades to the Stewart McKelvey office space (644 Main Street).

“This achievement reflects the steady progress we’re making as a city,” says Luc Babineau, Director of Economic Development for the City of Moncton. “Moncton is a growing city, and new developments are creating opportunities and contributing to economic growth. This strengthens Moncton's reputation as an attractive place to live, work, and invest."

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