The City of Moncton has already approved more building permits in 2025 than it did in all of 2024, with year-to-date totals reaching $309.7 million.
That puts the city just $56 million short of its record year in 2022, when permits hit $366 million.
Building permits issued between April and June totalled $112.1 million, a 21 per cent increase compared to the same period last year, according to the city’s latest quarterly report.
A total of 365 permits were issued in the second quarter, with strong activity in residential, institutional and commercial development.
Residential construction continues to lead the way. In the second quarter alone, 117 permits were issued for 375 new housing units, valued at $55.3 million.
So far this year, the city has permitted 800 new residential units, representing a total investment of $117 million.
That’s a 70 per cent increase in unit count compared to the same period in 2024, when 470 units were permitted at a value of $69 million.
Deputy Mayor Paulette Thériault said the pace of growth reflects the city’s efforts to meet rising demand.
“The first half of 2025 has been truly impressive, and we are excited to see strong growth maintained in our community,” Thériault said.
“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.”
Major residential projects this quarter included a $17.3-million, 143-unit apartment building at 260 Millennium Blvd. and an $8.8-million, 63-unit development at 32 Marriott Dr.
Institutional and government projects also saw significant investment. Seventeen permits were issued in this sector, totalling $37.5 million.
Key projects included a $20.6-million renovation to establish a Public Health Laboratory at 330 Université Ave. and a $1.3-million expansion of the Oulton College facility on Elmwood Drive to accommodate a nursing lab.
Commercial and industrial construction reached $17.5 million in permit value.
Highlights included a $3.3-million project to build a new lemur exhibit at Magnetic Hill Zoo and a $3.2-million roof replacement at the Walmart store on Plaza Blvd.
Luc Babineau, director of economic development for the City of Moncton, said the numbers show continued interest from investors and a balanced approach to growth.
“Moncton continues to deliver a balanced mix of development across sectors,” Babineau said.
“These numbers reflect the ongoing interest from investors and the City’s efforts to support development that meets the needs of our growing community.”
City officials say the strong mix of residential, commercial and public projects is helping Moncton prepare for the future.
With building activity already surpassing last year’s total and nearing record levels, the city is focused on supporting sustainable growth and meeting the needs of a growing population.
