Moncton is New Brunswick's largest city and the economic hub of the province. It has emerged as one of Canada's fastest-growing mid-sized cities, driven by immigration, remote work migration from expensive provinces, and a diverse economy spanning logistics, IT, insurance, retail, and post-secondary education. Moncton's housing market has seen some of the most dramatic price appreciation in Atlantic Canada, yet it remains highly affordable compared to Ontario or British Columbia.
One of New Brunswick's most buyer-friendly advantages is that the province does NOT charge a property transfer tax. Unlike Nova Scotia (which charges approximately 1.5% deed transfer tax in HRM) or Ontario (which charges up to 2% land transfer tax), New Brunswick buyers pay zero provincial property transfer tax at closing.
Moncton's average home price sits around $320,000–$380,000 as of 2025, though prices in sought-after areas like Riverview, Dieppe, and newer subdivisions can run higher. The market has cooled somewhat from the pandemic peak but remains strong relative to pre-2020 levels. Inventory is improving but demand from international immigrants and interprovincial buyers (particularly from Ontario and BC) keeps pressure on supply.
Moncton's bilingual character — the greater Moncton area is a unique English-French bilingual market — makes it appealing to Francophone buyers and families seeking French immersion education environments.
Downtown Moncton has revitalized significantly. Main Street, the Avenir Centre arena district, and the Bore Park waterfront along the Petitcodiac River create an urban core with increasing residential density. Condo and loft conversions have expanded ownership options in the city centre.
Riverview sits across the Petitcodiac River from Moncton. Despite technically being a separate town, it functions as a seamless extension of Moncton. Quiet streets, excellent schools, and access to trails along the river make Riverview one of the most family-friendly communities in greater Moncton. Prices are moderate — typically $300,000–$500,000 for detached homes.
Dieppe is New Brunswick's fastest-growing city and is predominantly Francophone. It has seen massive residential development, a large mall (Champlain Place), and a vibrant commercial strip. New subdivisions offer modern homes with larger lots at competitive prices.
The North End offers some of Moncton's most affordable entry-level housing. Older homes here are typically under $280,000, making it accessible for buyers with modest down payments. Sunny Brae is a step up in terms of home size and streetscape quality.
Moncton is home to major employers including Assumption Life, Ambulance New Brunswick, Vitalite Health Network, Horizon Health Network, and a growing tech sector anchored by companies attracted by bilingual talent and lower operating costs than Toronto or Vancouver. The logistics industry thrives given Moncton's central geographic position in Atlantic Canada — it is within a one-day drive of all major Atlantic Canadian cities.
The combination of no property transfer tax, lower average prices, and available FHSA and Home Buyers' Plan tools makes Moncton one of the best cities in Canada for first-time homebuyers. A buyer with $25,000 saved can potentially access a detached home in areas like the North End or parts of Riverview.
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