Cheap Houses and Condos for Sale in Moncton

Listings last updated 09/18/2019

Cheap Homes in Moncton

1 - 24 of 125 Results
    • 5 Beds
    • 2 Baths
    • 1,727 Sqft
    • Single family
    Open House
    Sat, 21 September 2:00 PM to 4:00 PM
    • 2 Beds
    • 1 Baths
    • 1,013 Sqft
    • Condo
    Open House
    Sun, 22 September 2:00 PM to 4:00 PM
    • 3 Beds
    • 1 Baths
    • 1,030 Sqft
    • Single family
    Open House
    Sat, 21 September 2:00 PM to 4:00 PM
    • 2 Beds
    • 2 Baths
    • 1,846 Sqft
    • Single family
    Open House
    Sun, 22 September 2:00 PM to 4:00 PM
    • 3 Beds
    • 1 Baths
    • 1,196 Sqft
    • Single family
    Open House
    Sun, 22 September 2:00 PM to 4:00 PM
    • 3 Beds
    • 2 Baths
    • 2,220 Sqft
    • Single family
    40 days on Point2 Homes
    • 3 Beds
    • 1 Baths
    • 1,537 Sqft
    • Single family
    5 days on Point2 Homes
    • 3 Beds
    • 1 Baths
    • 1,920 Sqft
    • Single family
    6 days on Point2 Homes
    • 3 Beds
    • 1 Baths
    • 1,440 Sqft
    • Single family
    6 days on Point2 Homes
    • 3 Beds
    • 2 Baths
    • 2,925 Sqft
    • Single family
    3 days on Point2 Homes
    • 3 Beds
    • 1 Baths
    • 1,480 Sqft
    • Single family
    5 days on Point2 Homes
    • 3 Beds
    • 1 Baths
    • 1,600 Sqft
    • Single family
    2 days on Point2 Homes
    • 2 Beds
    • 1 Baths
    • 868 Sqft
    • Single family
    7 days on Point2 Homes
    • 2 Beds
    • 1 Baths
    • 1,216 Sqft
    • Single family
    7 days on Point2 Homes
    • 3 Beds
    • 1 Baths
    • 1,600 Sqft
    • Single family
    6 days on Point2 Homes
    • 3 Beds
    • 2 Baths
    • 2,096 Sqft
    • Single family
    3 days on Point2 Homes
    • 2 Beds
    • 1 Baths
    • 1,840 Sqft
    • Single family
    6 days on Point2 Homes
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Finding cheap houses for sale in Moncton, NB

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There are 125 cheap houses for sale in Moncton, NB

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CITY GUIDE
Moncton, New Brunswick

The largest city in New Brunswick, Moncton sits at the centre of the Maritime Provinces and has a population of 71,900 people. Also known as “Hub City,” Moncton is located in the southeast of the province and is known for its beautiful natural attractions, proximity to the beach and thriving economy. The city covers an area of 141 sq. km, and sits on the Petitcodiac River. The climate in Moncton is fairly continental rather than maritime. In January, temperatures average around -13 °C, and the winter months are generally cold but with a lot of sunshine. Snowfall is fairly common especially when storms move up from the east coast. Summer is normally hot and humid with temperatures reaching the high 20s, and storms occasionally occur in the fall months.

Moncton has a very strong and diversified economy and low unemployment levels for which it has received national recognition. The city’s key industries include transport and infrastructure, retail, distribution, education, healthcare, and IT. A number of large corporations have their headquarters in Moncton and there are dozens of call centres in the city which are a huge source of employment. Both the retail and tourism sector are growing, as more people are visiting Moncton each year to experience its natural attractions. Moncton offers a wonderful quality of life and the city has thousands of acres of parkland to explore. Some of the biggest attractions include Tidal Bore Park, Magnetic Hill, Hopewell Cape and there are beautiful sandy beaches a short drive away.

Moncton has recorded a population increase in recent years, and the city is bilingual with 32% of the population stating that they speak French as their mother tongue and 46% understanding both English and French. 4.3% of the population are of Aboriginal heritage, and the largest visible minority groups include Black Canadians and South Asians.

Moncton, New Brunswick

Moncton, New Brunswick
real estate market overview

Real Estate Market Overview

Moncton boasts a very healthy real estate market and sales and prices are growing at a steady and stable rate. The market is balanced which is supported by a strong and diverse economy as well as the city’s low cost of living and high employment rates. The average price for a home in Moncton is around $168,000, which is very affordable especially in comparison to cities in other provinces and on the west coast. The average time on the market is around 90 days and the market is currently in favour of both sellers and buyers.

There are also a large number of new homes being constructed in the city due to people favouring newer houses and also less inventory in the resale market. It’s thought there will be more apartment development in the coming years, and apartment vacancy rates are fairly low due to high employment levels and migrants coming to the city, so there’s a lot of potential for investors.

Since the market is so affordable, millennials actually account for a large number of buyers at the moment and many people are entering Moncton’s property market just after graduating and are buying rather than renting. Another portion of the market is Maritimers who have lived in other cities such as Ontario and British Columbia but have decided to come back to New Brunswick to set down their roots and buy property. Baby boomers are also driving the market, as some are downsizing and selling their properties, and others are moving from other provinces and cashing in on Moncton’s value for money.

real estate market overview

Affordable Real Estate Market Overview

According to the Demographia Housing Affordability Survey, Moncton has ranked as having the most affordable market in Canada for the fifth year in a row, taking into account the median family income as well as the median house prices. It’s an excellent market especially for young people and young families, so many people are choosing to either buy property to live in, or buy as an investment property to rent out.

Property can easily be found under $100,000, and you can find a single-family 2-bedroom home for as little as $49,000 in areas like McEwan, which has a lot of mini-homes. Homes in Mapleton Place often sell for between $70,000-90,000, and there are many single-family homes dotted around the city that can be bought for under $100,000.

cheap real estate market overview