‘Ongoing growth’: Moncton issues $114M in building permits in first quarter of 2026

A Moncton construction site is pictured. (Source: Derek Haggett/CTV News Atlantic)

The City of Moncton has issued $114.8 million in building permits for the first quarter of 2026.

Downtown developments account for a significant amount of the 176 building permits issued so far.

“This level of investment highlights the downtown area’s sustained momentum, largely driven by ongoing residential development,” the city writes in a news release Thursday.

Since Jan. 1, $86 million in residential permits has been issued. This represents 472 new residential units, 219 of which are planned for the downtown area.

The city points to notable projects, like a $43.4-million permit for a 17-storey tower at 200 Assomption Blvd.

“Moncton’s strong start to 2026 reflects continued confidence in the city as a place to live, work, and invest,” says Deputy Mayor Paulette Thériault in the news release. “The addition of new residential units, alongside sustained investment across sectors, highlights the city’s ongoing growth and momentum.”

The city’s downtown has seen significant residential growth over the past several years. Director of economic development Luc Babineau says the city is seeing strong investments.

Last year the Moncton set a record for itself, reaching $477.9 million in building permits for 2025, which the city said demonstrated “continued growth and economic momentum.”

This quarter’s building permits are gently lagging behind the first quarter of the record-breaking 2025.

By April 2025, the city had issued 209 permits valued at $198.6 million.

But the city calls these new investments a “strong start to 2026.”

“This ongoing momentum is transforming the downtown into an increasingly vibrant place to live,” says Babineau.

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