If you’re thinking about buying a home in Moncton, Dieppe, or anywhere in the surrounding areas, you’ve probably realized there’s more to it than just browsing Realtor.ca. From securing financing and navigating the offer process to inspections, negotiation, and closing—today’s homebuyers need strategy, confidence, and the right guidance.

Over the years, I’ve helped more than 250 families find their dream home—whether they were first-time buyers, relocating from out-of-province, or moving up to a larger space. With over $100 million in contracts negotiated and experience in both hot urban markets like Toronto and fast-growing regions like Greater Moncton, I’ve refined a buyer process that’s proactive, transparent, and designed to protect your investment.

In this post, I’m walking you through what you can expect when buying with me—and I’m also sharing my full Buyer’s Guide, available below to view anytime.

🔎 A Clear, Confident Roadmap for Home Buyers

Buying a home is a big decision, but it doesn’t need to feel overwhelming. I’ve built a clear, step-by-step process that ensures you’re prepared at every turn—from pre-approval to closing day.

Whether you’re shopping from across the country or just down the street, you’ll know exactly what’s happening and why it matters. My approach is rooted in clarity, data, and support.

💼 My Role as Your Buyer’s Agent

As your Realtor, here’s what you can expect:

• Honest advice, always. I’ll tell you what you need to hear—not just what you want to hear.

• Local insight. Whether it’s Dieppe, Moncton, Riverview, or the surrounding areas, I know the neighbourhoods, trends, and red flags to watch for.

• Negotiation strength. My goal is always to help you get the best value—not just win the deal, but win it on your terms.

• Access to more listings. Through eXp’s exclusive network, I can show you properties that might not be publicly listed yet.

📋 What’s Inside the Buyer’s Guide

This comprehensive guide covers everything you need to know to buy smart in 2025:

✅ Step-by-step Buyer Roadmap from pre-approval to closing
✅ Visual inspection checklists to help you spot red flags during showings
✅ A guide to common home inspections and what to expect
✅ Local vendor directory: mortgage brokers, home inspectors, lawyers & more
✅ A breakdown of closing costs, property taxes, and mortgage tips
✅ Tools to help you stay informed, organized, and in control at every stage

Whether you’re a first-time buyer or an experienced mover, this guide is built to empower your decisions and eliminate guesswork.

💬 What My Clients Say

“Joel worked hard to pull all the details for the sale of my home and purchase. He knew the market well and helped me act fast when the right property hit.” – Jodi K.

“We bought our home while living remotely. Joel went the extra mile and made the process seamless.” – David H.

“Joel saved us over $120,000 by negotiating aggressively on our dream home. Couldn’t recommend him more!” – Dieppe Clients, 2024

View My Full Buyer’s Guide

I’ve made my complete Buyer’s Guide available here so you can see exactly how I work—what to expect, how to prepare, and how we’ll work together to get you across the finish line.

👉  Click here to view the full presentation

Ready to Start Your Home Search?

Whether you’re just getting pre-approved or already looking at homes, I’d love the opportunity to guide you through the buying journey. No pressure, just honest advice and a solid plan.

Email: [email protected]

Let’s find you the right home—at the right price, with zero surprises.

As the spring sun warms up Moncton, so does the local real estate market—and with that, strategic windows are opening for buyers, sellers, and investors alike. The big question this April: is the seller’s edge slipping?

Let’s dive into the data.

📊 Market Snapshot: April 2025

According to the latest numbers from the New Brunswick Real Estate Board:

• Sales Activity: 308 homes sold (–1.0% YoY)

• New Listings: 523 (+8.7% YoY)

• Active Listings: 1,207 homes (+35.5% YoY)

• Sales-to-New-Listings Ratio: 58.9%

• Months of Inventory: 3.9 (↑ from 2.9 last year)

• Average Price: $370,679 (+0.9% YoY)

• Median Days on Market: 30.5 (up from 26)

➡️ Verdict: We remain in a seller’s market (<5 months of inventory), but conditions are softening as listings increase and homes take longer to sell.

Year-over-Year Comparison – April Market Evolution

The story? Inventory is climbing steadily, but prices are resisting downward pressure—for now.

🔍 What’s New This Spring?

Inventory Surge: A Strategic Window for Buyers

The most notable trend? Inventory. Moncton saw a 35.5% increase in active listings compared to last year, giving buyers more breathing room and leverage than they’ve had in recent springs.

• Homes are sitting longer: Median days on market is up to 30.5

• Prices are holding steady but not soaring

• The sales-to-new-listings ratio has dropped, signaling less urgency for buyers

Buyers, this is your opening. The window might not last if sellers adjust prices heading into summer.

🧭 For Buyers

More homes. Less frenzy. Slightly longer timelines.
If you've been waiting for the market to cool just enough to find a good deal without racing other buyers to the front door—this may be your moment.

Tips:

• Lock in financing pre-approvals before summer rate shifts

• Partner with a local expert who knows where to find underpriced gems

• Watch homes that sit >30 days—negotiation opportunities could open up

🏠 For Sellers

Still a great time to list—but with a twist.

You’re not just competing on price anymore. With more inventory, presentation, strategy, and timing matter more than ever.

How to stand out:

• Stage your home for seasonal appeal (think: bright, airy, decluttered)

• Invest in professional photos and video walkthroughs

• Price strategically based on recent comparables—not 2022 highs

Buyers are active, but they’re choosy. Make your listing shine.

For Investors

Rising listings and stable prices offer a sweet spot for acquisition. With average sale prices up just under 1% year-over-year and days on market climbing, spring offers leverage not seen since early 2023.

Consider:

• Semi-detached homes (which saw prices rise 1.6% YoY) as cash-flow opportunities

• Rental demand in key school or transit-accessible areas

• Buying in spring to catch peak rental season over summer

Final Thought: Prepare for a Dynamic Summer

Moncton’s real estate rhythm is shifting. The market is warming, but so is competition. If you’re planning to make a move this summer, now’s the time to strategize.

• Buyers should act while inventory is high and competition still manageable.

• Sellers should aim to list before inventory peaks and pricing gets tighter.

• Investors can leverage spring softness for long-term gain.

Let’s Talk Strategy

Whether you're looking to buy, sell, or invest, understanding the market is the first step. I’m here to help you read between the numbers, seize opportunities, and make your next move with confidence.

Let’s connect—schedule a no-obligation consult today and make your move with a plan that fits.

Email: [email protected]

If you're considering selling your home in the Moncton area, you’ve probably already realized there’s more to it than simply planting a sign in the yard. From pricing strategies and negotiation to marketing exposure and staging, a successful home sale hinges on having a strategic plan—and the right agent in your corner.

Over the years, I’ve helped over 250 families sell or find their perfect home, from Toronto to Moncton and everywhere in between. With over $100 million in contracts negotiated and extensive experience in both resale and relocation markets, I’ve fine-tuned a modern approach that combines high-converting marketing, strong negotiation, and complete transparency. And now, I’m making that process fully available to you.

In this blog post, I’m walking you through what you can expect when listing with me—and I’m also sharing my full Listing Presentation, available below, for you to view anytime.

🔎 A Modern, Proven Approach to Selling Homes

Selling real estate in 2025 demands more than just a basic MLS® listing. Today’s buyers are online, savvy, and often relocating from other provinces or even other countries. That’s why every listing I take on receives a custom, high-impact marketing strategy tailored to that specific home and neighborhood.

Whether it’s a family-friendly property in Dieppe or a unique heritage home in Moncton, I market where buyers are looking—through targeted SEO, video marketing, social media, and global listing syndication. You’re not just getting a listing—you’re getting a campaign.

📸 My Marketing Plan: What Every Seller Deserves

Every home I represent includes:

• Professional photography & video (including drone footage when possible)

• A custom property website with its own domain

• Paid Facebook, Google & YouTube ads

• Listing syndication across national and global platforms

• Open houses (at your preference)

• Full-color feature sheets & custom home/neighborhood guides

• Email campaigns to 500+ local Realtors in Greater Moncton

My goal is simple: to put your home in front of the right buyers, whether they’re around the corner or across the country.

💼 Transparent, Flexible Commission Structure

I believe commission conversations don’t need to be awkward. My fee structure is fully transparent, with flexible options based on how the buyer is sourced. You’ll find all the details in my presentation—but know this: you only pay when your home sells.

🧠 Expert Advice, Backed by Data

From pricing strategy to negotiation, I guide you every step of the way. I don’t just give opinions—I give you data-backed insights so you can make confident, informed decisions. And if I’m not the right fit? I’ll tell you that, too. I’m in the business of doing what’s best for my clients, not just closing deals.

💬 What My Clients Say

“Joel is not your typical real estate agent—he creatively solves problems, markets aggressively, and negotiates effectively.” – Greg W.

“He sold our condo quickly, guided us through both purchase and sale, and made the process feel seamless.” – Jodi K.

You’ll find more testimonials in the full presentation below, because at the end of the day, the best proof is the experience of past clients.

📥 View My Full Listing Presentation

I’ve made my full listing presentation available here so you can see exactly how I work—from staging checklists to pricing strategy, commission options, and more. Whether you're just starting to think about selling or already have a timeline in mind, this guide will help you make informed choices about your next move.

👉 Click here to view the full presentation.

🎯 Ready to Chat?

If you’re thinking about selling your home in Moncton, Dieppe, or anywhere in the surrounding area, I’d love the chance to talk. Whether you’re selling soon or just planning ahead, I’m here to help you navigate the process with clarity, strategy, and results.

📞 Call/Text: 506-688-6996
📧 Email: [email protected]
🌐 Website: www.joellangloisrealestate.com

Whether you're dreaming of your first home, upgrading to accommodate a growing family, or exploring investment opportunities in the Moncton and Area real estate market, one question looms large: What kind of market are we in? Understanding whether it’s a buyer’s, balanced, or seller’s market can shape your strategy, from pricing to timing your move.

Real estate markets are defined by months of inventory—the time it would take to sell all current listings at the current sales pace. Here’s the breakdown:

• Buyer’s Market: More than 7 months of inventory (more homes, less demand)
• Balanced Market: 5 to 7 months of inventory (supply and demand in harmony)
• Seller’s Market: Less than 5 months of inventory (fewer homes, high demand)

In Moncton, balanced markets are rare. The market typically tilts toward buyers or sellers, influencing pricing, negotiation, and how quickly you need to act. So, where do we stand in March 2025?

📊 Moncton and Area Market Snapshot: March 2025

According to the latest data from the New Brunswick Real Estate Board, the Moncton and Area market remains firmly in Seller’s Market territory, with 4.3 months of inventory in March 2025. The year-to-date figure is slightly higher at 4.4 months, still below the 5-month threshold for a balanced market.

This means demand continues to outpace supply, giving sellers an edge. However, the market is showing signs of cooling compared to the frenzy of 2021–2022, with more listings and slightly longer selling times. Sellers still hold the advantage, but the gap is narrowing.

🔎 Key March 2025 Stats

• Sales Activity: 247 homes sold (+2.5% year-over-year)
• New Listings: 515 (+28.8% year-over-year)
• Active Listings: 1,071 homes available (+34.4% year-over-year)
• Sales-to-New-Listings Ratio: 48% (indicating growing inventory)
• Median Days on Market: 33 days (up from 29 days last March)
• Average Price: $380,010 (+5.4% year-over-year)

🏘️ What This Means for You

➤ For Buyers

The Moncton market is still competitive, but there’s a silver lining: more choice and less frenzy. With active listings up 34.4% and homes staying on the market a bit longer, you have more time to explore options compared to the peak seller’s market of 2022. That said, well-priced homes in desirable neighborhoods still attract multiple offers. To succeed:

• Get pre-approved for financing to move quickly.
• Work with a local realtor who knows Moncton’s hot spots.
• Be prepared to act fast on properties that check your boxes.

➤ For Sellers

It’s a great time to list! Prices are up 5.4% from last year, and homes are selling at 97.4% of list price on average. However, with inventory rising, staging and pricing strategy are critical to stand out. To maximize your sale:

• Highlight your home’s unique features with professional photos.
• Price competitively to attract serious buyers.
• Be ready for negotiations as buyers gain slight leverage.

➤ For Investors

Rising prices and increasing inventory make this an intriguing time to invest. The market’s gradual shift toward balance could open opportunities for negotiation and less competition. Keep an eye on:

• Neighborhoods with strong rental demand.
• Properties that may benefit from a balanced market’s slower pace.
• Timing—spring and summer inventory trends will be key.

🔄 A Look Back: Market Trends Over Time

To put March 2025 in context:

• March 2020: 4.0 months of inventory (similar to today’s seller’s market)
• March 2022: 1.4 months of inventory (an ultra-tight seller’s market)
• March 2015: 12.8 months of inventory (a deep buyer’s market)

Today’s cooling seller’s market suggests we’re inching toward balance. If inventory continues to climb through spring and summer, we could see a shift. For now, sellers retain the upper hand, but buyers are gaining ground.

📬 Ready to Navigate the Moncton Market?

Whether you’re buying, selling, or investing, understanding the Moncton and Area market is the first step to making informed decisions. I’m here to guide you through the numbers, tailor a strategy to your goals, and help you seize opportunities in this dynamic market.

Let’s connect! Reach out to discuss your plans, whether it’s finding the perfect home, pricing your property to sell, or exploring investment options. Contact me today for a no-obligation chat about your next move.

Email: [email protected]

The Canadian government recently introduced significant changes to mortgage rules that will impact buyers and sellers across the country, including here in Moncton. The most notable updates include raising the insured mortgage limit from $1 million to $1.5 million and offering 30-year mortgage extensions for certain buyers. These changes aim to help Canadians manage rising home prices and offer more flexibility in mortgage payments, but what do they really mean for the average homebuyer?

As a realtor working in the Moncton market, I want to break down how these new rules could shape the real estate landscape in our community and across Canada.

What Are the New Mortgage Rules?

The two most significant updates introduced this week include:

1. Increase in Insured Mortgage Limit: The Canadian Mortgage and Housing Corporation (CMHC) has raised the insured mortgage limit from $1 million to $1.5 million. This means that homes valued up to $1.5 million can now qualify for CMHC insurance, allowing buyers to secure mortgages with a smaller down payment (as low as 5% for the first $500,000 and 10% for the remainder).

2. 30-Year Mortgage Extensions: In response to affordability concerns, the government has also reintroduced the option of 30-year mortgage terms for certain buyers. This will reduce monthly mortgage payments by extending the amortization period, offering more breathing room to homebuyers who would otherwise face steeper payments under shorter-term mortgages.

Why These Changes Now?

With the housing market in many Canadian cities continuing to experience sharp price increases, the government has recognized that many Canadians are struggling to afford a home. The old cap of $1 million no longer reflects the reality of current home prices in many major urban centers, where $1 million barely buys a condo, let alone a family home.

By increasing the limit to $1.5 million, the government aims to provide more opportunities for middle-income Canadians to purchase homes in higher-priced markets like Toronto, Vancouver, and even parts of Moncton where demand is rising. The introduction of 30-year mortgages also seeks to provide some relief to buyers by spreading out payments over a longer term, reducing the immediate financial burden of homeownership.

Example of the New Rules in Action

To illustrate, let’s consider a Moncton buyer looking at a $1.4 million home. Under the old rules, they would have been ineligible for CMHC insurance, as the home price exceeded $1 million. The buyer would have needed a minimum 20% down payment, or $280,000, just to qualify for the mortgage.

Under the new rules, this buyer would now be eligible for CMHC insurance. This means they could qualify with a lower down payment — as low as 5% on the first $500,000 ($25,000) and 10% on the remaining $900,000 ($90,000) for a total down payment of $115,000. That's a much more manageable figure, making homeownership more attainable for many buyers.

How Will This Impact Moncton?

While Moncton hasn’t seen the same level of home price increases as cities like Vancouver or Toronto, we’ve experienced a noticeable uptick in demand. The new rules could open the door for more buyers who previously couldn’t afford homes in the $1 million+ price range to enter the Moncton market.

Moreover, the introduction of 30-year mortgage terms will likely appeal to first-time homebuyers and those on a tighter budget. The ability to lower monthly payments by extending the mortgage term could encourage more people to buy homes, as they’ll be able to afford higher-priced properties without overextending their finances.

My Opinion: Positive Changes, but Challenges Remain

In my opinion, these new mortgage rules are a step in the right direction for addressing affordability challenges. Raising the CMHC limit to $1.5 million and offering 30-year mortgages provides a much-needed lifeline for buyers navigating high home prices.

However, there are still challenges. Many of the homes that would benefit from these changes are in the higher price brackets, which could continue to drive up demand for higher-end properties, potentially making them even more expensive. We may also see tighter competition for homes under $1.5 million as more buyers can enter the market with smaller down payments.

It’s also worth considering that interest rates remain high, and extending the mortgage term to 30 years may mean paying significantly more in interest over the life of the loan. While it offers lower monthly payments, buyers should be prepared for the long-term costs associated with extended mortgage terms.

What Should Buyers and Sellers Expect?

For Buyers:
If you’re a first-time homebuyer or looking to move up in the market, the increase in CMHC-insured mortgage limits could open doors for you to buy higher-priced homes with lower down payments. The 30-year mortgage option will also provide more flexibility in managing monthly payments.

For Sellers:
If you’re selling a property in the $1 million+ range, this is great news. The rule changes could increase the pool of potential buyers, potentially driving up demand for homes in this price range.

Final Thoughts

The recent mortgage rule changes by the Canadian government reflect an effort to adapt to the evolving housing market and offer relief to buyers facing escalating prices. Here in Moncton, these updates could make it easier for buyers to enter the market and for sellers to reach a broader audience. As always, it’s crucial to understand the long-term implications of these decisions and plan accordingly.

The recent announcement by the U.S. Federal Reserve to decrease its funding rate by 0.5% has caused ripples across global markets. While this decision may seem primarily U.S.-centric, it’s important to recognize how interest rate adjustments in the United States can influence Canadian markets, particularly in real estate.

In tandem with the U.S. cut, the Bank of Canada has also made a similar move, reducing its own key interest rate in response to evolving economic conditions. As a Canadian realtor, understanding the broader implications of these decisions is essential to guiding clients effectively in an ever-changing market landscape.

What Does the U.S. Federal Reserve Rate Cut Mean?

When the Federal Reserve lowers interest rates, it typically aims to stimulate economic growth by making borrowing cheaper. For consumers, lower rates can reduce the cost of mortgages, car loans, and credit cards, which can spur an uptick in consumer spending.

For Canadian markets, while the U.S. Federal Reserve’s decision doesn’t directly change Canadian mortgage rates, it can influence investor sentiment and broader economic confidence. The U.S. remains Canada’s largest trading partner, and any substantial shifts in their economy can have a trickle-down effect on Canadian consumers and businesses.

How Does This Affect Canadian Real Estate?

The Bank of Canada recently followed a similar trajectory, reducing its interest rates in a bid to prevent a sharper economic downturn. However, the impacts on the Canadian housing market will differ from the U.S. for a few reasons:

• Mortgage Rate Differences: Unlike the U.S., where 30-year fixed-rate mortgages are common, most Canadian homeowners opt for 5-year fixed or variable-rate mortgages. This means that Canadian homeowners may feel the effects of rate cuts more immediately.

• Housing Market Stability: The Canadian housing market has remained resilient. A lower rate environment in Canada can further boost buyer confidence, especially in cities like Toronto and Vancouver, where affordability is a major concern.

• Foreign Investment: U.S. rate cuts can also drive increased interest in Canadian real estate, particularly from American investors.

My Viewpoint: A Bullish Market, But Challenges Remain

From my perspective, the recent rate cuts in both the U.S. and Canada have the potential to create a bullish real estate market. As borrowing becomes cheaper, I anticipate more buyers will enter the market, potentially driving home prices to stay flat or even rise in certain areas.

However, there’s a crucial factor to consider: many buyers who entered the market 2-3 years ago locked in significantly lower interest rates at around 2-3%. With today’s rates sitting closer to 6%, many homeowners are reluctant to sell and move, knowing they’d have to renew at a much higher rate. This dynamic is holding back much-needed inventory from hitting the market.

In my view, while the rate cuts are beneficial, we may need to see further reductions to motivate these sellers and bring more inventory into the market. Until then, we could continue to experience tight supply, even as demand remains strong, which could keep upward pressure on home prices.

What Should Canadian Buyers and Sellers Expect?

For Buyers:
This could be a great opportunity to secure a lower interest rate on your mortgage, potentially saving you thousands over the life of your loan.

For Sellers:
You may benefit from an influx of buyers who are taking advantage of favorable borrowing conditions, which could lead to increased competition and higher home values.

Final Thoughts

Interest rate changes by the U.S. Federal Reserve and the Bank of Canada reflect a global economic environment that is in flux. For Canadian real estate, these rate cuts may offer opportunities for both buyers and sellers, but understanding the long-term implications is crucial.

Dieppe Mag is a local publication provided by the city of Dieppe to their local residents. I found the Spring 2024 edition particularly fascinating as they go into detail about some incredible changes happening in our vibrant community. From upcoming events to crucial infrastructure developments, they keep us informed about the dynamic changes shaping Dieppe, NB. 

In this edition, they delve into the exciting announcement of the Dieppe Boulevard extension, a project set to significantly impact our city's growth and connectivity. Here are some of my favourite exerpts. 

Dieppe Boulevard Extension: Paving the Way for Future Growth

This year began with a monumental announcement for our municipality: the long-anticipated extension of Dieppe Boulevard is officially underway. This $42 million project aims to enhance Dieppe’s road network, providing new access routes to crucial areas within the city.

A Look Back: The Evolution of Dieppe Boulevard

The initial section of Dieppe Boulevard opened in 2004, marking the beginning of a new era in our city’s infrastructure. Over the past two decades, this major thoroughfare has become lined with a variety of residential areas, businesses, and institutions, showcasing the rapid growth and development of Dieppe.

The Vision for the Future

The extension, projected to take four years to complete, is not just about improving traffic flow. It's about preparing Dieppe for the future. This new phase will open up land for the potential construction of schools, recreational and community facilities, as well as residential and commercial projects. These developments are crucial to meeting the current and future needs of our growing population.

Project Details: What to Expect

In 2024, we will see the completion of essential studies and the finalization of the extension route. Residents can expect to observe some preliminary activity in the area this summer. The extension will span approximately 2 kilometers, linking the existing Dieppe Boulevard (east of Belle-Forêt Street) to Dover Road and Amirault Street. Key components of the project include:

• Installation of water and sewer lines
• Storm sewer component and culverts over watercourses
• Construction of curbs and paving
• A new water tower
• Multipurpose trails alongside the roadway

Dieppe Boulevard Extension: Paving the Way for Future Growth

This year began with a monumental announcement for our municipality: the long-anticipated extension of Dieppe Boulevard is officially underway. This $42 million project aims to enhance Dieppe’s road network, providing new access routes to crucial areas within the city.

A Look Back: The Evolution of Dieppe Boulevard

The initial section of Dieppe Boulevard opened in 2004, marking the beginning of a new era in our city’s infrastructure. Over the past two decades, this major thoroughfare has become lined with a variety of residential areas, businesses, and institutions, showcasing the rapid growth and development of Dieppe.

The Vision for the Future

The extension, projected to take four years to complete, is not just about improving traffic flow. It's about preparing Dieppe for the future. This new phase will open up land for the potential construction of schools, recreational and community facilities, as well as residential and commercial projects. These developments are crucial to meeting the current and future needs of our growing population.

Project Details: What to Expect

In 2024, we will see the completion of essential studies and the finalization of the extension route. Residents can expect to observe some preliminary activity in the area this summer. The extension will span approximately 2 kilometers, linking the existing Dieppe Boulevard (east of Belle-Forêt Street) to Dover Road and Amirault Street. Key components of the project include:

• Installation of water and sewer lines
• Storm sewer component and culverts over watercourses
• Construction of curbs and paving
• A new water tower
• Multipurpose trails alongside the roadway

Community Involvement and Feedback

One of the most exciting aspects of this project is the opportunity for community involvement. The municipal plan will be revised this year to determine permitted uses for land bordering the extension. Public consultations will be held, allowing residents to share their ideas and feedback on future development in the area. This is your chance to have a say in shaping the future of Dieppe.

The Impact on Our Community

The Dieppe Boulevard extension is more than just a road project; it's a catalyst for growth and development. Improved connectivity will make our city more accessible, attract new businesses, and create more residential opportunities. Enhanced infrastructure will support the establishment of new schools and community facilities, ensuring that Dieppe remains a thriving, dynamic place to live.

As we embark on this significant journey, Dieppe Mag will keep you updated every step of the way. Stay tuned for more information on public consultations, project milestones, and how you can get involved.

Community Involvement and Feedback

One of the most exciting aspects of this project is the opportunity for community involvement. The municipal plan will be revised this year to determine permitted uses for land bordering the extension. Public consultations will be held, allowing residents to share their ideas and feedback on future development in the area. This is your chance to have a say in shaping the future of Dieppe.

The Impact on Our Community

The Dieppe Boulevard extension is more than just a road project; it's a catalyst for growth and development. Improved connectivity will make our city more accessible, attract new businesses, and create more residential opportunities. Enhanced infrastructure will support the establishment of new schools and community facilities, ensuring that Dieppe remains a thriving, dynamic place to live.

As we embark on this significant journey, Dieppe Mag will keep you updated every step of the way. Stay tuned for more information on public consultations, project milestones, and how you can get involved.

For more details and information about this project and other great initiatives being developed by the city of Dieppe. Please head to their website and subscribe to Dieppe Mag. 

https://www.dieppe.ca/en/vivre-ici/dieppe-mag.aspx#2024

Moncton council has voted to sell city-owned land to a developer proposing a pair of 17-storey mixed-use towers on the downtown riverfront.

Councillors have unanimously approved selling land along the Hal Betts Commemorative Sportsplex, at the foot of Foundry Street, to J.N. Lafford Realty Inc. for what city documents refer to as the Gateway Towers.

The Sackville-based company is proposing towers connected by a pedway that would include about 1,000 square metres of commercial space, a wellness and recreation area, and between 380 and 400 apartments. A public right-of-way underneath the pedway would link Foundry and the Riverfront Park and trail to the south.

Kevin Silliker, the city's director of economic development, outlined the proposal to council ahead of Monday's vote.

"We think we have a signature gateway project with a potential of a riverfront anchor and destination that will maximize both city and public benefit," Silliker said.

The proposal is the latest in a series of towers pitched for downtown Moncton. Councillors previously approved a building up to 30 floors on Main Street and an 18-storey building off Botsford Street, though construction has yet to start on either.
A map showing the land, marked with red lines, the city is selling to the developer which already owns the property in pink.

A map showing the land, marked with red lines, the city is selling to the developer which already owns the property in pink. (Submitted by City of Moncton)

Silliker said Lafford presented an "unsolicited offer" to buy city land near the intersection of Assomption Boulevard and Foundry Street. The company already owns a parcel south of Assomption, previously a Northumberland Dairy building.

It has been using the site as a staging area while building a trio of connected 15-storey towers, with a total of more than 400 apartments, across the street from the Gateway Towers site.

While the land sale for Gateway Towers was approved Monday, city staff noted that it would still require future votes by council to amend bylaws.

If fully approved, Silliker said the city expects initial site work to start this fall with foundations under construction next year.

Silliker said if the developer fails to meet certain timelines, the land could revert back to the city.

The site is now being used as a staging area for the construction of three 15-storey towers along Foundry Street and would include the wooded area on the right of the image and the former Northumberland dairy building, shown centre.

The site is now being used as a staging area for the construction of three 15-storey towers along Foundry Street and would include the wooded area on the right of the image and the former Northumberland dairy building, shown centre. (J.N. Lafford Realty Inc./Submitted by City of Moncton)

Silliker said the estimated building permit value is in the range of $90 million. The city opted to skip its usual process to list and dispose of public land. Silliker said there's a provision that allows the city to waive the public notice when access to the land means the proposed buyer is the only one likely to be able to develop it. The amount the city is selling the land for wasn't mentioned during the meeting, though Silliker said an appraisal is underway. The land being sold does not include any of the ball fields.