City of Moncton Building Permits to Date Exceed Record for Highest Full-Year Value In just nine months, the City of Moncton has exceeded its highest-ever full-year building permit value on record. Driven by accelerated growth in 2025, its year-to-date total value of $395.6 million has already surpassed the 2022 full-year record of $366 million. In the third quarter alone, the City issued 337 building permits worth $86 million, driven by a variety of development projects in the residential, institutional, and commercial sectors. “Moncton’s ongoing growth is a testament to the strong confidence that investors, developers, and residents have in our city’s future,” says Deputy Mayor Paulette Thériault. “While we’re especially encouraged by the ongoing strength in residential development, which is essential for supporting our growing population, construction in every sector plays a key role in creating a more dynamic, inclusive, and sustainable community.”The residential sector continues to be a key driver of construction activity in Moncton, accounting for nearly half of the total building permit value from July to September, with 126 permits issued at a value of $42.6 million and 215 new housing units. Year to date, the value of residential permits has reached $159.1 million, a 26.5% increase compared to the same period last year ($125.8 million). This growth represents 1,015 new residential units so far in 2025, 174 more than by this time in 2024. Noteworthy projects this quarter include a $12 million, 63-unit apartment complex at 305 Warner St., a $3.3 million, 24-unit building at 5 Purdy Ave., a $1.9 million, 12-unit project at 15 Victoria St., and a $1.8 million, 16-unit apartment at 250 Mill Rd.In the institutional sector, eight permits were issued for a combined value of $21 million. Significant projects include a $19.5 million permit for a youth treatment center at 923 Salisbury Rd.The commercial and industrial sectors saw 44 permits totaling $21.4 million, including a $4.5 million project to build space for two restaurants and a convenience store at 64 Queensway Moncton, and a $5 million permit for aesthetic upgrades at Delta Hotels Beausejour at 750 Main St.“Moncton’s construction sector remains a key catalyst for our city’s growth, driving economic opportunities and attracting investment,” says Luc Babineau, director of economic development for the City of Moncton. “By maintaining a balanced and forward-thinking approach, we continue to create an environment that meets the evolving needs of our residents and strengthens our position as a top destination for business.”InformationCommunications, City of Moncton communications@moncton.ca