Greater Moncton sales change from a year earlier
Down 26.1%As of September 2026.Source
Single-family MLS HPI benchmark, New Brunswick (no Moncton figure published)
$342,800As of September 2026.Source
Months of inventory, New Brunswick
5.6, up from 4.6 a year earlierAs of September 2026.Source
Population of the City of Moncton
79,470As of 2021 Census.Source
Population of the Moncton census metropolitan area
157,717 (up 8.9% from 2016)As of 2021 Census.Source
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Moncton keeps attracting new residents, yet the latest September numbers show buyers pulling back. Both facts matter to a second mortgage lender, who is judging the city’s growth and your home’s ability to sell.

Moncton’s sales drop and the provincial benchmark

New Brunswick’s board did not publish a Moncton price benchmark in its September 2026 report, so this page does not either. Provincially, the MLS HPI single-family benchmark was $342,800, up 2.7% from a year earlier, with townhouses at $286,800 and apartments at $293,100. Greater Moncton sales were down 26.1% from September 2025, the largest decline of the four New Brunswick areas, while the province’s 724 sales were down 12.6%.

Months of inventory across the province reached 5.6, up from 4.6 a year before. In 2021 the City of Moncton recorded 79,470 people and the metropolitan area 157,717, a rise of 8.9% on 2016.

Moncton: $44,240 of room on a $342,800 home

The Financial Consumer Agency of Canada’s figure for a second mortgage is 80% of the appraised value, less the mortgage balance. On a $342,800 home with a $230,000 mortgage, that leaves $44,240 of room. Our first example shows a $40,000 loan using almost all of it.

Because we are using a provincial figure, your own appraisal can land well above or below it. Run alternatives in the calculator before you talk to a lender.

The 1% New Brunswick transfer tax and a second mortgage

New Brunswick charges a real property transfer tax of 1% on deeds registered since April 1, 2016, based on the greater of the sale price and the assessed value. On a $342,800 purchase that is $3,428. The Act also exempts a deed used only to secure a debt or loan, which is the situation with a mortgage on a house you keep.

That does not mean a second mortgage is free of cost. Expect a lender fee, any broker fee, an appraisal, legal fees and registration. The New Brunswick page goes through them.

A fast-growing area with fewer sales

A 26.1% fall in sales does not say prices are falling. It says fewer people closed deals. A lender looks at the same facts you do: how long a home takes to sell and whether prices on your street have moved. Prepare a recent property tax bill, a mortgage statement and a debt list. Ask what recent sales the lender is using, since few sales means few comparables.

What Moncton owners usually want the money for

Owners who want a lump sum without refinancing the first mortgage compare home equity loans and second mortgages. Owners who want to buy again read the down payment page and the rental property page, where rules and rates differ from owner-occupied homes.

Nearby markets are on the Halifax, Fredericton and Charlottetown pages.

What type of home you own changes the picture

The provincial benchmarks by type moved very differently in September 2026. Townhouses and rows were up 16.8% to $286,800, single-family homes up 2.7% to $342,800 and apartments up 1% to $293,100. The composite benchmark rose 2.7% to $341,700. A townhouse owner may see a big jump in value on paper while an apartment owner sees almost none, so a general number can mislead.

Year to date the province had 6,989 sales, down 6%, and the dollar value of September sales was $250.9 million, down 12.1%. Active listings were 14.1% above the five-year average, and months of inventory of 5.6 compare with a long-run average of 5.3. The board’s chair called September a quieter month for sales with plenty of choice for buyers. Put your own home in its type first, then compare with that type’s benchmark.

Ask for a written quote that lists the amount, each fee and the term, then check it against your own sums. The consolidation example above saves $700 in the first year only on its stated assumptions, and a lender’s real fees and rate will differ. Rework the sums with the actual quote before you decide anything.

A lender comparison in Greater Moncton

A New Brunswick mortgage professional with a current licence can compare lenders and explain the costs. Confirm the licence with the regulator before you share documents. For a look at your Moncton numbers, weigh your options.

A Moncton-area single-family home at the provincial benchmark, with a $40,000 loan

The $342,800 value is the New Brunswick single-family MLS HPI benchmark for September 2026, used as a stand-in because no Moncton benchmark was published. The $230,000 first mortgage and $40,000 new loan are made up. The 80% ceiling is the one the Financial Consumer Agency of Canada gives for a second mortgage.

Home value used
$342,800
Equity before the new loan
$112,800

$342,800 minus $230,000

80% of the home value
$274,240

$342,800 x 0.80

Combined loan-to-value with a $40,000 loan
78.8%

$270,000 divided by $342,800

Room left after the new loan
$4,240

$274,240 minus $270,000

Room under an 80% ceiling before the loan
$44,240

Equity of $112,800 leaves $44,240 of room, and a $40,000 loan takes almost all of it. Any appraisal below the benchmark would turn this into a smaller loan.

Illustration only. The figures are made up to show the arithmetic. They are not a quote, a rate or an offer.

One year: $30,000 of card balances moved into a Moncton second mortgage

Made-up figures. Card interest is assumed at 20%. The second mortgage is assumed interest only at 10%, with a $1,500 lender and broker fee and $800 of legal and appraisal costs. These are not typical or current rates.

Card interest for a year
$6,000

$30,000 at 20%

Second mortgage interest for a year
$3,000

$30,000 at 10%

Lender and broker fees
$1,500
Legal and appraisal costs
$800
Cost of the second mortgage in year one
$5,300

$3,000 plus $1,500 plus $800

Saved in year one
$700

The saving is $700 only if the card balance stays at zero afterwards and the loan is interest only. The $30,000 still has to be repaid at the end, which this year-one view does not show.

Illustration only. The figures are made up to show the arithmetic. They are not a quote, a rate or an offer.

Questions people ask

What drove the September 2026 sales drop in Greater Moncton?

The New Brunswick REALTORS report showed Greater Moncton sales down 26.1% from a year earlier, against a provincial fall of 12.6%. It gives no cause. Fewer sales can make a lender cautious about how quickly a home would resell.

Is New Brunswick's property transfer tax payable on a second mortgage?

The Act sets the tax at 1% on deeds registered after April 1, 2016, and exempts a deed that is used only to secure a debt or loan. A mortgage is not a transfer of ownership, so we found no transfer tax for it.

Which Moncton price can I use for my equity?

The New Brunswick board did not publish a Moncton benchmark in the report we read, only provincial ones, so this page uses the provincial single-family figure of $342,800 as a stand-in. A lender's own appraisal is the number that counts.

Rental purchase: can I use equity in my Moncton home?

Some owners do, and lenders usually want a larger down payment on a rental than on a home you live in. Read the down payment and rental property pages, and ask what share of rent a lender will count as income.

Does population growth in metropolitan Moncton reassure a lender?

Growth in the Moncton metropolitan area, up 8.9% between 2016 and 2021, supports demand for homes over time. It does not guarantee your home's value, and a lender will still look at your appraisal and income.

Nearby cities

Keep reading

Sources