What’s Happening in the Fredericton Housing Market?
The average residential sale price in the Fredericton housing market increased by three per cent between 2025 and 2026, rising from $372,987 to $384,304. The number of sales decreased by six per cent over the same period, declining from 1,459 to 1,371. Meanwhile, the number of listings increased by three per cent, rising from 2,026 to 2,084.
Looking ahead, average 2026 sale prices are expected to increase by approximately two per cent above 2025 levels, while the number of sales is expected to decline by about five per cent.
According to Jason Munn, Sales Associate and Broker at REMAX East Coast Elite Realty, Fredericton is expected to shift into a buyer’s market through the end of 2026, as more listings come onto the market while buyer demand remains insufficient to absorb the additional inventory. Prices are currently stable, but active listings are up 19.4 per cent from July 2025, sales are down 15.1 per cent, and average days on market have increased.
Multiple affordability factors are preventing more first-time buyers from entering the market, including high home prices relative to incomes, the challenge of saving for a down payment, mortgage qualification requirements, limited affordable housing options, constrained new supply, and economic uncertainty.
The GST/HST rebate is helping first-time buyers, but its impact is limited by a lack of affordable new construction. Buyers who can afford higher-priced new homes are benefiting most from the rebate, while the shortage of affordable new builds is limiting its broader impact on the path to homeownership.
Buyers are generally reluctant to compromise on location, property type, home age or condition, school districts, commute times, outdoor space, and lifestyle amenities. However, willingness to compromise remains divided. Some buyers are accepting longer commutes, while others continue to expect more expensive homes at significantly lower prices.
The East Coast market remains relatively stable compared with other parts of Canada, where some markets have experienced declines of more than 20 per cent. According to Jason, this relative stability is expected to continue.
The foreign buyer ban has had little impact on affordability or new construction development.
Frequently Asked Questions
How have home prices changed in Fredericton?
The average residential sale price in Fredericton increased by 3 per cent between 2025 and 2026, rising from $372,987 to $384,304.
How have sales and listings changed in Fredericton?
The number of sales decreased by 6 per cent, from 1,459 to 1,371, while the number of listings increased by 3 per cent, from 2,026 to 2,084.
What is expected for Fredericton home prices in 2026?
Average 2026 sale prices are expected to increase by approximately 2 per cent above 2025 levels.
What is expected for home sales in Fredericton in 2026?
The number of sales is projected to decline by about 5 per cent.
What type of market is Fredericton experiencing?
Fredericton is expected to shift into a buyer’s market through the end of 2026 as more listings come onto the market while buyer demand remains insufficient to absorb the additional inventory.
What market trends are shaping Fredericton right now?
Prices are currently stable, but active listings are up 19.4 per cent compared with July 2025, sales are down 15.1 per cent and average days on market have increased.
What is preventing more first-time buyers from entering the market?
Multiple affordability factors are creating challenges for first-time buyers, including high home prices relative to incomes, saving for a down payment, mortgage qualification requirements, limited affordable housing options, constrained new supply and economic uncertainty.
How is the GST/HST rebate affecting the Fredericton housing market?
According to Jason Munn, Sales Associate and Broker at REMAX East Coast Elite Realty, the GST/HST rebate is helping first-time buyers, but its impact is limited by a lack of affordable new construction. Buyers who can afford higher-priced new homes have benefited most from the program.
Why has the GST/HST rebate had limited impact?
The shortage of affordable new-construction homes limits the rebate’s broader influence on the path to homeownership, despite increased interest in the program.
What are buyers least willing to compromise on?
Buyers are generally reluctant to compromise on location, property type, home age or condition, school districts, commute times, outdoor space and lifestyle amenities.
How are buyer preferences changing?
Some buyers are becoming more willing to accept longer commutes, while others continue to expect more expensive homes at significantly lower price points.
How does Fredericton compare with other Canadian markets?
The East Coast market remains relatively stable compared with other parts of Canada, where some markets have experienced declines of more than 20 per cent. This relative stability is expected to continue.
Has the foreign buyer ban affected affordability or new construction development?
The foreign buyer ban has had little impact on affordability or new construction development, with some exceptions for buyers moving to the region for work or education.
