The continued growth of Moncton’s population means building permits continue to rise in New Brunswick’s largest city. In a news release on Thursday, the city said it issued 334 building permits valued at $120.4 million in the third quarter of 2026. That’s compared with $86.5 million in the third quarter of last year. Moncton Mayor Shawn Crossman said the city continues to add the housing needed to support the rise in population. “The pace of residential development shows that builders and investors recognize the opportunities our city offers,” said Crossman in the release. So far this year, permit values have totaled $326.7 million. Permits have been issued for 1,346 housing units in 2026 to date. That’s near the annual record of 1,367 units set in 2025. Residential construction activity in the city has generated $89 million in permit value across 117 permits since July 1. A $17.1 million, 160-unit residential development by CG Group at 84 Corey Craig Dr. and a $17.0 million, 98-unit development by St. Bernard Place Inc. at 73 Botsford St. in Moncton’s downtown are among the projects issued permits during the quarter. City of Moncton director of economic development Luc Babineau said the city is on pace for another impressive year of residential growth. “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,” said Babineau in the release. “This activity reflects continued confidence in Moncton’s housing market.” As far as commercial and industrial construction activity goes, year-to-date totals are $91.9 million this year 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. and a $3.3 million permit by Atlantic Commercial Properties Inc. for a future commercial building at 311 Price St. Babineau the city’s growth is mainly due to immigration. “We’re seeing a lot of positive growth in the city. We’ve seen a lot of momentum due to immigration. We’re also seeing opportunities for newcomers to start business as well,” he said. Babineau said the third quarter numbers are very positive and he believes there will be more positive news in the near future. “We’re seeing an increase number of housing starts in the city, year-over-year,” he said. “This year is no different than last year and we’re projecting even more building projects and permits in the next couple of months as well.” For more New Brunswick news, visit our dedicated provincial page.
