The Real estate market in New Brunswick is still in effervescence, but shows signs of slowdown. Even if demand is always stronger than the availability of houses for sale, competition for the same property seems less fierce.
Janie Corlett has been a real estate agent in the Grand Moncton region since 2016. Many customers are hitting at its door recently, because spring is often synonymous with movement market.
She claims to have customers who leave the province or who choose to settle there, for various reasons: career change, retirement, search for a smaller place, for example.
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Janie Corlett has been a real estate agent in the Grand Moncton region since 2016.
Photo: Radio-Canada / Frédéric Cammarano
Many customers are also looking for a first house, which always represents an arduous task.
We agree that this market is probably the most difficult to enter in it because it is a price where there is more competition
she explains. When it’s the right house, there are several buyers, therefore multiple offers.
Overbidding: less madness before
Janie Corlett Qualifies the more stable market, compared to three years ago. During this period, the competition for the purchase of a house was fierce.
At one point, in 2022, the offers were presented on a spreadsheet. It was 15 to 17 easy offers, on several houses. Currently, if we are in multiple offers, there are perhaps five, in the region here.
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In Moncton, several accommodation buildings are currently under construction.
Photo: Radio-Canada / Frédéric Cammarano
The real estate agent underlines that houses whose price displayed up to $ 450,000 will have multiple offers if they are in good condition. For those between $ 500,000 and $ 600,000, the competition will always be present, depending on the district where the residence is, its condition and its style. The market is calm above $ 650,000, she explains.
Below the $ 300,000, it becomes a little tighter, you must have everything in line, have the agent [immobilier] Ready to fight for you to win home.
A more affordable price at N.-B.
According to the Canadian Real Estate Association, the price of houses is still more affordable in New Brunswick than elsewhere in the country. In March 2025, the average price of a residence was $ 380,010 in Moncton and $ 358,274 in Fredericton.
Average price of a residence at N.-B.
| Region | March 2024 (a $) | March 2025 (a $) |
|---|---|---|
| Grand Moncton | 360 476 | 380 010 |
| Fredericton | 343 242 | 358 274 |
| Nord du N.-B. | 198 031 | 226 145 |
| Saint-Jean | 326 612 | 357 636 |
| N.-B. | 320 612 | 343 027 |
An increase of about 4.4 % is expected to increase sales, we think that sales will increase in New Brunswick compared to the rest of Canada, which is rather stable
explains President Valérie Paquin.
She therefore estimates that around 9,500 residences will change owners in the year 2025 in the province.
Residential sales at N.-B.
| Region | Mars 2024 | Mars 2025 |
|---|---|---|
| Grand Moncton | 241 | 247 |
| Fredericton | 154 | 156 |
| Nord du N.-B. | 114 | 114 |
| Saint-Jean | 147 | 124 |
| N.-B. | 656 | 641 |
From the Pandemic of Covid-19, many Ontarians have chosen to settle in New Brunswick, in front of a price of houses lower in the Maritimes. According to Valérie Paquin, this interprovincial immigration is still very real.
Economic uncertainty comes into play
The real estate market also undergoes the upheavals of the trade war between Canada and the United States. Some buyers decide to wait a little before making the jump, in front of economic uncertainty, maintains Valérie Paquin.
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Valérie Paquin is the president of the Canadian Real Estate Association.
Photo : Radio-Canada
People, at that time, refrain from making big changes in their lives and waiting to see, we are a little afraid in terms of economic stability
said the president of the Canadian Real Estate Association.
She also points out that people stay in their house longer. Many fear not finding another adequate residence if they sell, which has an impact on the inventory. To counter the trend, the construction of various real estate projects is necessary.
You have to build more, there must be more properties available, that’s the key
she says. From the little condo, we are full, but it’s not necessarily where families want to settle.
Better stability to come
The population of New Brunswick has been growing in recent years. In 2024, the province reached the course of 850,000 inhabitants. Moncton’s population growth continues to be among the strongest in the country.
The arrival of newcomers has increased demand for houses and as a result, their price.
The rent increased at a speed four times higher than people’s income, so it stretches the portfolio
explains the economist Yves Bourgeois.
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Yves Bourgeois, economist and professor at the University of New Brunswick.
Photo: Radio-Canada / Frédéric Cammarano
However, the province should experience a demographic slowdown according to the economist, due to the drop in immigration targets imposed by the federal government. This could have an impact on the price of houses.
It will not bring them back where we are used to, but it may stabilize these prices.
With information from Frédéric Cammarano
