Fredericton
New Brunswick
Statistics Canada geography code 1310032 · census subdivision
MARKET SCORE
Model CS-MI-1.0 · calculated 2026-09-30
Market snapshot
Unemployment rate
Data unavailable
The Labour Force Survey publishes annual unemployment rates for 37 census metropolitan areas. This market is not among them, so no local rate is available from this source.
Confidence: low
Average rent
$1,413
CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "a".
Source: Canada Mortgage and Housing Corporation
Confidence: high
Rental vacancy rate
2.5%
CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "a".
Source: Canada Mortgage and Housing Corporation
Confidence: high
Population trend
+15.5% 2013–2022 · CalculatedSource: Table 17-10-0142-01 — Population estimates, July 1, by census subdivision (vector 1138979699) · published 2023-01-11
What drives this market?
These weightings are an interpretation of the local economy, not a measurement. They are shown to explain what appears to support rental demand here — treat them differently from the sourced statistics above.
- Government30% of local drivers
Provincial capital. The Government of New Brunswick, the legislature and the courts make public administration the single largest employer by a wide margin.
- Education22% of local drivers
The University of New Brunswick and St. Thomas University give the city one of the highest student-to-population ratios in Canada.
- Technology14% of local drivers
A cybersecurity and IT cluster grown around UNB research and the provincially backed Knowledge Park.
- Health Care14% of local drivers
The Dr. Everett Chalmers Regional Hospital serves west-central New Brunswick.
- Military / Defence12% of local drivers
5th Canadian Division Support Base Gagetown, the army’s largest training establishment, lies just south of the city and draws on it for housing and services.
- Construction8% of local drivers
Public building and residential construction tied to provincial capital spending.
Employer concentration
Government accounts for roughly 30% of the identified economic activity here. A market can have strong rental demand and still carry real risk if too much of it traces back to one institution.
Worth investigating: what happens to local demand if that employer reduces its workforce? This is a scenario to think through, not a prediction.
Rental market
Average rent
$1,413
CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "a".
Vacancy rate
2.5%
CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "a".
All data for this market
| Metric | Period | Value | Type | Confidence | Source |
|---|---|---|---|---|---|
| average rent | — | $1,413 | observed | high | Canada Mortgage and Housing Corporation |
| population | 2022 | 66,879 | observed | high | Statistics Canada |
| population | 2021 | 64,897 | observed | high | Statistics Canada |
| population | 2020 | 64,536 | observed | high | Statistics Canada |
| population | 2019 | 63,447 | observed | high | Statistics Canada |
| population | 2018 | 62,050 | observed | high | Statistics Canada |
| population | 2017 | 60,862 | observed | high | Statistics Canada |
| population | 2016 | 59,886 | observed | high | Statistics Canada |
| population | 2015 | 58,711 | observed | high | Statistics Canada |
| population | 2014 | 58,283 | observed | high | Statistics Canada |
| population | 2013 | 57,895 | observed | high | Statistics Canada |
| rent change pct | — | 5.2% | observed | high | Canada Mortgage and Housing Corporation |
| unemployment rate | — | Data unavailable | observed | low | — |
| vacancy rate | — | 2.5% | observed | high | Canada Mortgage and Housing Corporation |
Rows showing Data unavailable are recorded deliberately, with the reason, rather than omitted — so you can tell the difference between a figure that is zero and one we simply do not have.