Is Real Estate Still Affordable in Greater Moncton? Let’s Actually Talk About It

Short answer?
Yes… but not in the way people think.

Long answer? Keep reading.

The Reality Check

Everyone loves to say “Moncton is cheap.”
And sure… compared to a $1.2M semi in Ontario, it feels cheap.

But if you live here, you already know prices have climbed. Fast.

So the real question isn’t:
“Is Moncton cheap?”

Is Moncton still affordable compared to the rest of Canada?

Let’s Look at the Numbers (Real Talk Version)

Greater Moncton (Moncton, Dieppe, Riverview)
Average home price: ~ $375K – $450K

Now compare that to:

Ontario (pick your poison)

• Toronto → ~$1M+

• Ottawa → ~$650K – $750K

• London → ~$600K+

Alberta (the “cheaper” alternative people talk about)

• Calgary → ~$550K+

• Edmonton → ~$400K – $450K+

So, Where Does Moncton Sit?

Right in a sweet spot.

You’re not getting 2015 prices anymore. Those days are gone.
But you are still getting:

• Detached homes under $400K (still possible here)

• Short commutes (like… 15 minutes and you’re across the city)

• Less competition than major cities (most of the time)

What People From Ontario and Alberta Notice First

When buyers move here, they say the same things:

“Wait… I can get a full house for this?”
“Why is everything so close?”
“Do people actually know their neighbours?”

Yes. Yes we do.

But Let’s Not Sugarcoat It

Affordability is relative.

If you’re local and your income hasn’t doubled…
Prices feel heavier than they used to.

Groceries are up. Rates went up. Life got expensive everywhere.

So for locals, it’s not always “easy.”

But compared nationally?
Moncton is still one of the last places in Canada where homeownership feels possible.

The Smart Way to Look at It

Don’t compare Moncton today to Moncton 10 years ago.
That will just make you mad.

Compare Moncton to:

• What you’d pay in Ontario

• what you’d get in Alberta

• How far does your dollar actually stretch

That’s where it clicks.

Final Thought

Moncton isn’t “cheap” anymore.
But it’s still accessible.

And in today’s market… that matters a lot more.

If you’re sitting there wondering what your budget actually gets you right now (not what Google says), send me a message. I’ll tell you straight.

Nicole Labarge
REALTOR® Keller Williams Capital Realty
Greater Moncton
506-377-2279
tnicolelabarge@gmail.com
comehometomoncton.com