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Apartment & Condominium Construction in New Brunswick

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS NB23611bCA

Apartment & Condominium Construction in New Brunswick industry analysis

Revenue for the Apartment & Condominium Construction industry in New Brunswick is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has increased an annualized x.x% to xx locations over the past five years. Industry employment has increased an annualized x.x% to xx workers during the period, while industry wages have decreased an annualized -x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to grow an annualized x.x% to $x.x million, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to grow x.x% to xx locations over the next five years. Industry employment is expected to decrease an annualized -x.x% to xx workers during the outlook period, while industry wages likely decrease -x% to $x.x million.

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About the Apartment & Condominium Construction in New Brunswick Market Research Report

What’s Included in the Apartment & Condominium Construction in New Brunswick Market Research Report

Definition of the Apartment & Condominium Construction in New Brunswick?

This industry constructs new multifamily residential housing units, including low- and high-rise apartments, townhouses, duplexes, condominiums and medium- to high-density units (i.e. units not separated by a ground-to-roof wall). All of the complexes may be constructed for sale as condominiums or cooperatives or for rent as apartments. This industry does not include renovation construction, speculative builders or contractors that build on their own account for sale.

What’s included in the Apartment & Condominium Construction in New Brunswick?

The Apartment & Condominium Construction in New Brunswick includes low-rise apartment buildings, high-rise apartment buildings, condominiums (attached and detached units) and duplexes. Related terms covered in the Apartment & Condominium Construction in New Brunswick industry report includes the number of new homes under construction during a specified period of time and a key economic indicator of the health of the housing market, an enterprise that prepares a real estate site for residential or commercial use and raises capital, gains zoning approvals and hires contractors to design, construct and develop property and a legal entity that uses pooled investor capital to purchase and manage income property or mortgage loans. to qualify as an reit, the entity must distribute at least 90.0% of taxable income.

Industry Performance of the Apartment & Condominium Construction industry in New Brunswick

Benchmark the Apartment & Condominium Construction in New Brunswick industry performance with all NB Census Metropolitan Area and national performance.

Apartment & Condominium Construction in New Brunswick

#8 in Highest Revenue 1.1% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Apartment & Condominium Construction in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Apartment & Condominium Construction industry in New Brunswick

See how key industry drivers, such as median houshold income, private investment in non-residential construction, private investment in residential construction, value of residential construction, gdp of canada and rental vacancy rate are impacting Apartment & Condominium Construction in New Brunswick

New Brunswick Economic Indicators

Median Houshold Income
Private Investment in Non-Residential Construction
Private Investment in Residential Construction

View more economic information in NB State Economic profile

Canada Key External Drivers

Value of residential construction
GDP of Canada
Rental vacancy rate

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Apartment & Condominium Construction industry in New Brunswick

Access proprietary data on Census Metropolitan Area in the Apartment & Condominium Construction in New Brunswick, such as Moncton, Fredericton and Saint John. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Apartment & Condominium Construction industry in New Brunswick

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Apartment & Condominium Construction industry in New Brunswick in 2025?

The market size of the Apartment & Condominium Construction industry in New Brunswick is $679.5m in 2025.

How many businesses are there in the Apartment & Condominium Construction industry in New Brunswick in 2025?

There are 27 businesses in the Apartment & Condominium Construction industry in New Brunswick, which has been growing at an average annual rate of 2.4% from 2020 to 2025.

Has the Apartment & Condominium Construction industry in New Brunswick grown or declined over the past 5 years?

The market size of the Apartment & Condominium Construction industry in New Brunswick has been growing at an average annual rate of 1.1% from 2020 to 2025.

How many employees in the Apartment & Condominium Construction industry in New Brunswick in 2025?

There are 83 employees in the Apartment & Condominium Construction industry in New Brunswick, which has been growing at an average annual rate of 0.5% from 2020 to 2025.