Moncton's building permits surpass year-end total for 2024
Building permits in one of Canada's fastest growing cities continues to rise.
Year-to-date building permits have reached $309.7 million, which is a higher amount than what was posted for the entire year in 2024, said the City of Moncton in a news release.
That number is only $56 million short of the highest building permit year on the city's record – $366 million in 2022.
For the second quarter, building permits totaled $112.1 million, a 21 per cent increase compared to the same period in 2024.
Deputy Mayor Paulette Thériault said the first half of the year has been very impressive.
'We are particularly pleased with the development we are seeing in the residential sector, which is very much needed to support our growing population, and with the continued commercial and institutional investments,' said Thériault.
A total of 365 building permits were issued between April and June. The city said the growth is driven by dynamic residential, institutional, and commercial development activity.
Residential construction has included 800 units representing a total investment of $117 million, a 70 per cent increase in the number of units compared to the same period in 2024. It accounts for 49 per cent of the quarter's building permit volume – a total value of $55.3 million.
The City of Moncton's Director of Economic Development Luc Babineau said the city is delivering a balanced mix of development.
'These numbers reflect the ongoing interest from investors and the City's efforts to support development that meets the needs of our growing community,' said Babineau.
Major projects for the quarter include a $17.3 million, 143-unit apartment building at 260 Millennium Boulevard and a $8.8 million, 63-unit development at 32 Marriott Drive
The quarter saw 17 permits awarded for government and other institutions, for a total of $37.5 million. This included major initiatives such as a $20.6 million renovation to establish a public health laboratory at 330 Université Avenue and a $1.3 million renovation to expand the Oulton College facility on Elmwood Drive to accommodate a nursing lab.
Commercial and industrial construction permits came in at $17.5 million which include a $3.3-million project to build a new lemur exhibit at Magnetic Hill Zoo and a $3.2-million project to replace the roof cap sheet at one of the city's two Walmart locations.
More to come….
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