The aggregate value of non-residential property within Downtown Moncton has dramatically increased since 1981. With two major office building projects currently underway, office space will continue to expand. The recent growth has brought with it a competitive environment which has kept office rental rates at the same level as they were in 1986. These areas are generally composed of older, and well maintained homes which reflect the elegance of the last century.
Most residential development is concentrated along the northern and southwestern edges of downtown.
The population just beyond the boundaries of Downtown Moncton is equally important to the downtown as there are a further 3,200 persons who live within a five minute walk. Unlike the downtown, no one age group dominates, however there is a greater representation of those individuals in the 20 to 34 year-old age group. In Moncton there is a renewed synergy between residential developers and the downtown business district which will foster continued growth in residential projects downtown. As seems to be the trend in other urban areas across the country, downtown multi-unit residential development is becoming more prominent. The Bore Park offers an excellent vantage point from which to view the Tidal Bore phenomenon.