Fredericton issued more than 1,500 permits for housing units in 2025

A view of Fredericton. (Source: Facebook/City of Fredericton Government)

The City of Fredericton said it issued building permits for 1,564 new housing units in 2025, which broke the previous record from 2022 by more than 900.

The city said it issued building permits for construction projects with a total value of $359.4 million in 2025. The total value for all residential construction was $296.9 million that year.

“Record development activity in 2025 was almost exclusively driven by the private sector,” the city said in a news release. “Fredericton recorded a strong year for commercial construction with investment 25 per cent above the ten-year average. Only 3 per cent of construction value was government or institutional investment.”

The city noted its population is now estimated to be 79,000, which is up by 30,000 from 2000.

“More jobs drive the need for more housing,” said city councillor Jason LeJeune in the release. “We are seeing strong levels of new commercial development providing employment opportunities for our residents, but we need to see significantly more government and institutional investment in the healthcare and education spaces to meet the needs of a growing community.”

Fredericton’s vacancy rate rose from 0.9 per cent in 2024 to 2.5 per cent in 2025.

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