How does the 3% total commission model work?

Richard charges a total commission of 3% on the sale price of your home — covering both the listing agent (Richard) and the buyer's agent. Most agents in Greater Moncton charge 4–5% total. On a $400,000 home, that difference saves you $8,000–$12,000 at closing — with no reduction in service, marketing, or representation.

Is the service any different at 3% compared to a traditional agent?

No. Richard's 3% model includes everything a traditional full-service agent provides: professional photography, MLS® listing, staging consultation, offer negotiation, open house coordination, and full support through to closing day. What changes is the fee — not the quality of service. Richard has a 5.00-star rating on RankMyAgent across 24 verified reviews to back that up.

Are there any hidden fees beyond the 3% commission?

No hidden fees. The 3% total commission is the complete cost of Richard's representation. Separate closing costs you'll budget for include New Brunswick's land transfer tax (1% of purchase price), legal fees ($1,500–$2,000), and a home inspection ($500–$700) — but these are standard costs on any transaction, not additional charges from Richard.

How much can I save compared to a traditional 5% commission?

The savings scale with your home's value. At $400,000, you save $8,000. At $500,000, you save $10,000. At $600,000, you save $12,000. In 2025 alone, 3 Percent Realty Atlantic Inc. saved New Brunswick home sellers more than $1 million in commissions combined, compared to traditional brokerage rates.

What's included in Richard's listing service?

Richard's full-service listing covers: a free home valuation based on real MLS® data, professional photography, MLS® listing with maximum exposure, targeted social media marketing, staging consultation, open house coordination, offer review and negotiation, and complete guidance from listing day through to closing. Everything is included in the 3% total commission — no add-ons required.

How do I find out what my Moncton home is worth?

Richard offers a free, no-obligation home valuation based on current local MLS® data — not an automated algorithm. To get started, contact Richard at 506-802-8805 or Richard@Wontorra.com. He serves homeowners throughout Moncton, Riverview, Dieppe, and Shediac.

When is the best time to sell a home in Moncton?

The spring market (March–June) is typically the strongest in Greater Moncton, with the most active buyers and the highest likelihood of multiple offers on well-priced homes. The fall market (September–November) is also solid, with serious buyers who weren't ready in spring. Summer and winter tend to be slower, but a well-priced, well-presented home can sell in any season.

What are the steps to buying a home in Moncton?

The core steps are: (1) Get pre-approved with a mortgage broker to confirm your budget. (2) Define your priorities — neighbourhood, school zone, commute, lot size. (3) View homes and make an offer — Richard prepares a competitive offer strategy based on current market conditions. (4) Complete a home inspection ($500–$700). (5) Close — budget for NB land transfer tax (1%), legal fees ($1,500–$2,000), and title insurance. Richard walks you through every step.

What are typical closing costs when buying in Moncton?

Budget 2–4% of the purchase price beyond your down payment. On a $400,000 home, expect: New Brunswick land transfer tax (~$4,000), legal fees ($1,500–$2,000), home inspection ($500–$700), title insurance ($200–$400). If your down payment is under 20%, add CMHC mortgage insurance premiums. Richard provides a personalized closing cost estimate before you make any offer.

Does a buyer pay Richard's commission?

No. As a buyer, you pay nothing directly to Richard. The buyer's agent commission is paid by the seller out of the total commission on the sale. Working with Richard as your buyer's agent costs you nothing — but gives you 16+ years of local market expertise and full representation through the entire purchase process.

Is it a good time to buy a home in Moncton in 2026?

For most buyers, yes. Moncton continues to benefit from strong population growth, inter-provincial migration, and prices that remain far below most Canadian metros — averaging around $386,000 compared to $1.1M+ in Toronto. With the Bank of Canada's overnight rate forecast around 2.25% through 2026, mortgage rates are more accessible than in 2023–2024. If you plan to stay for 3+ years, buying in Moncton now is generally a sound financial decision.

What is the average home price in Moncton in 2026?

The average sale price for a home in Moncton was approximately $386,000 in 2025, up about 2.4% year-over-year. RE/MAX projects a further 2.7% increase through 2026. Dieppe averages slightly higher at $465,000–$490,000, Riverview at $420,000–$450,000, and Shediac at a median of $479,000 — reflecting coastal demand and waterfront properties in the mix.

How does Moncton compare to other Canadian real estate markets?

Moncton is one of the most affordable mid-sized cities in Canada. A home that costs over $1.1 million in Toronto or $900,000 in Halifax lists for around $386,000 in Moncton. Combined with strong population growth — Greater Moncton added approximately 27,000 residents between 2021 and 2024 — Moncton offers a rare combination of affordability and genuine demand-side momentum.

How competitive is the Moncton housing market right now?

The spring market (March–June) is the most competitive period, with well-priced homes in desirable neighbourhoods sometimes receiving multiple offers within days of listing. The fall and winter markets tend to offer more negotiating room for buyers. Typical days on market in spring sits between 14–30 days for well-priced properties. Richard monitors active market conditions weekly and provides clients with realistic expectations based on current data — not generalizations.

Who is Richard Wontorra and what is his experience?

Richard Wontorra is a licensed REALTOR® with 16+ years of experience and more than 200 homes sold across Ontario and New Brunswick. He is affiliated with 3 Percent Realty Atlantic Inc., located at 1888 Mountain Road, Suite 2, Moncton, NB. In 2025, he was awarded the President's Platinum Club Award — one of the highest distinctions within the 3 Percent Realty national network — for exceptional sales volume and client service.

What areas does Richard serve?

Richard serves buyers and sellers throughout Greater Moncton — including the City of Moncton, Riverview, Dieppe, and Shediac. He is based at 1888 Mountain Road, Suite 2, Moncton, NB E1G 1A9 and can be reached at 506-802-8805 or Richard@Wontorra.com.

Where can I read reviews of Richard Wontorra?

Richard holds a 5.00-star rating across 24 verified reviews on RankMyAgent — one of Canada's leading real estate review platforms. You can read all verified client reviews at rankmyagent.com/richard-wontorra.

GREATER MONCTON MARKET UPDATE · AUGUST 2026

Greater Moncton Real Estate Market Update: August 2026

Inventory has surged past the 6-month mark, sales have cooled further, and Greater Moncton has tipped from a balanced market into buyer’s-market territory. Here’s what the August 2026 numbers mean for buyers and sellers across Moncton, Dieppe and Riverview (published weeks ahead of the public data release).

By Richard Wontorra, REALTOR® · 3 Percent Realty Atlantic Inc. · Published September 2026

The Headline

August 2026 confirmed the trend the spring numbers hinted at: Greater Moncton has moved past a balanced market and into buyer’s-market territory. Sales fell to 255 units, down 15.3% from August 2025 and down 21.1% from August 2024, the slowest August in three years outside of the pandemic-distorted 2022 season. New listings, meanwhile, kept climbing: 461 homes came to market, up 7.5% year-over-year. Active listings reached 1,585, up 6.3% from a year ago and up a striking 42.4% from August 2024.

Months of inventory jumped to 6.2, up from 5.0 a year ago and nearly double the 3.4 we saw in August 2024. Back in April, we were sitting at 4.6 months (squarely balanced). Four months later, we’ve crossed the 6-month line that separates a balanced market from a buyer’s market. That’s a real shift, not noise.

Prices have softened alongside it, but not collapsed. The MLS® HPI Composite benchmark sits at $378,700, still up 4.4% from a year ago, but down 1.5% from last month and down 6.3% over the past three months. Average sale price fell to $374,090 (down 3.5% year-over-year), and the median dipped 1.6% to $357,000.

Translation: this is not a 2008-style correction. Home values remain higher than they were twelve months ago. But the momentum that carried Greater Moncton through 2021–2024 has clearly stalled, and buyers now have real leverage for the first time in years.

HPI BENCHMARK PRICE

$378,700

Greater Moncton composite: up 4.4% year-over-year, but down 6.3% over the past three months as the market rebalances

August 2026 Snapshot at a Glance

Here’s how August 2026 stacks up against the past two years across the metrics that actually matter.

Metric	August 2026	vs Aug 2025	vs Aug 2024
Sales (units)	255	−15.3%	−21.1%
Dollar volume	$95.4M	−18.3%	−20.1%
New listings	461	+7.5%	+19.4%
Active listings	1,585	+6.3%	+42.4%
Months of inventory	6.2	5.0 last yr	3.4 in 2024
Average sale price	$374,090	−3.5%	+1.2%
Median sale price	$357,000	−1.6%	+0.6%
HPI Composite benchmark	$378,700	+4.4%	n/a*
Sale-to-list ratio	96.6%	97.0% last yr	97.3% in 2024
Median days on market	47	42 last yr	35 in 2024

*The MLS® HPI publishes 12-month and 3-year comparisons rather than a fixed 24-month figure. The 3-year comparison is +13.9%.

Source: New Brunswick REALTORS® du Nouveau Brunswick MLS® System, Moncton and Area August 2026 statistical package, prepared by the Canadian Real Estate Association.

What These Numbers Actually Mean

1. The market has crossed into buyer’s-market territory

Months of inventory is the single best read on which side of the table holds the leverage. Below 4 months typically signals a seller’s market; 4 to 6 months is balanced; above 6 months tilts toward buyers.

At 6.2 months in August, Greater Moncton has moved past balanced and into buyer’s-market conditions, a shift that happened fast. We were at 4.6 months in April and 5.0 months this time last year. The move from “balanced” to “buyer-favoring” took roughly four months, and it’s the clearest signal yet that the seller’s-market conditions of 2021–2024 are behind us, at least for now.

2. Semi-detached homes are the exception: sellers still have leverage there

The composite numbers hide real variation underneath. Semi-detached sales jumped 48.5% year-over-year to 49 units in August, while new listings actually fell 14.8%. That combination pushed months of inventory for semi-detached homes down to 3.2, squarely back in seller’s-market territory by the same threshold that puts the overall market in buyer’s-market territory.

If you own a semi-detached home in Moncton, Dieppe or Riverview, don’t assume the softer headline numbers apply to you. Your segment is behaving very differently than the market as a whole.

3. The condo correction we flagged in April has deepened

Back in April, we called out the apartment/condo segment as the one area of real caution: the HPI apartment benchmark was down 23.3% year-over-year at the time. Five months later, that softness hasn’t reversed. Only 2 condo units sold in Moncton and Area in August, against 37 active listings, a months-of-inventory reading of 18.5, up from 17.0 a year ago. The HPI apartment benchmark is down 8.3% over the past six months.

To be fair, condo sales volumes are small enough (19 units year-to-date) that any single month can swing hard in either direction, so treat the month-to-month HPI moves in this segment with more caution than the composite number. But the underlying trend, elevated inventory, thin sales, softening prices, has now held for most of 2026.

HPI Benchmark Prices by Property Type

The MLS® Home Price Index strips out the noise of which homes happened to sell this month and tracks what comparable properties are actually worth. Here’s where each property type sits in August 2026.

Property type	Benchmark	vs 1 mo ago	vs 12 mo ago
Single detached	$387,900	−1.5%	+4.3%
Semi-detached	$372,000	−0.8%	+5.4%
Townhouse	$278,400	+1.2%	+17.5%
Apartment / condo	$313,800	−5.3%	−2.2%
Composite (all)	$378,700	−1.5%	+4.4%

Source: MLS® Home Price Index, Moncton and Area, August 2026.

If You’re Thinking About Selling

The 2021–2023 playbook of “list it and watch it sell in five days over asking” has been over since spring, and August made the point more emphatically. In a buyer’s market, three things separate homes that sell from homes that sit:

Pricing right from day one. The sale-to-list ratio is 96.6%, meaning the average seller is now taking roughly 3.4% off their asking price, more room than the 2.6% we saw in April. Overpricing means longer days on market and eventual reductions, which buyers absolutely notice.
Presentation matters more than ever. Median days on market is 47, up from 33 in April and 42 a year ago. Buyers have time to be picky. Professional photography, decluttering, and minor staging are essential, not optional.
Know your segment before you price. If you’re selling a single detached home, you’re competing in genuine buyer’s-market conditions. If you’re selling a semi-detached home, the math is completely different: that segment is still tight. Your CMA needs to reflect your actual property type and neighbourhood, not the composite headline.

The good news: prices are holding well above where they sat a year ago. If you price it right and present it well, your home still sells at a strong number, it just may take longer and require more strategy than it did in 2022.

If You’re Thinking About Buying

This is the most negotiating room buyers have had in Greater Moncton in years. With 6.2 months of inventory and 47 median days on market, you no longer have to make blind, conditionless, over-asking offers to compete, except in the semi-detached segment, where the old rules still mostly apply.

Conditions are back on the table. Home inspection, financing, and even property condition disclosures are reasonable to negotiate on most listings.
Price negotiation has real room. The 96.6% sale-to-list ratio means sellers are coming down from asking more often than not. It’s not unlimited (well-priced homes in competitive segments still move fast), but the auction-style chaos of 2021–2022 is gone.
Selection is real, and growing. With 1,585 active listings (up 42.4% from August 2024), you can be genuinely choosy about neighbourhood, layout, and condition.

One caution: the condo segment’s low prices come with a catch. Inventory sits at 18.5 months, meaning if you buy there, you should plan to hold longer before you’d expect to sell at a gain. Great value today, but not necessarily a quick flip.

Year-to-Date Through August 2026

Stepping back from the single-month view, here’s how 2026 is shaping up so far across Greater Moncton:

2,129 sales year-to-date, down 6.4% from the same period in 2025, and down 1.9% from 2024.
$815.8 million in total dollar volume, down 7.3% year-over-year.
3,859 new listings, up 1.8% from 2025 and up 13.8% from 2024.
4.9 months of inventory on a year-to-date basis, up from 4.3 a year ago, now sitting right at the edge of balanced-to-buyer’s territory.
Average price $383,191 (down 1.0% YoY) and median $361,500 (up 0.3% YoY).

Taken together: 2026 has been a year of cooling volume with prices holding roughly flat, a much gentler story than the sales figures alone suggest. Home values aren’t falling; the pace of the market is.

The Bottom Line

Greater Moncton has moved decisively from a balanced market into buyer-favoring conditions since spring, but this is a rebalancing, not a downturn. Home values remain higher than they were a year ago across every property type except apartments/condos, and the underlying HPI composite is still up 4.4% year-over-year even after three straight months of softening.

What’s changed is leverage. Buyers have real choice and real negotiating room for the first time since 2019. Sellers who price accurately and present well are still selling, just with more competition and more patience required. And underneath the composite numbers, individual segments are telling very different stories: semi-detached homes are as tight as they’ve been in years, while the condo market continues to work through a real correction.

If you’re trying to make a decision about your specific property or your specific buying situation, the headline numbers are a starting point, not an answer. What matters is your neighbourhood, your property type, your timeline, and your goals.

That’s the conversation worth having.

Thinking of buying or selling in Greater Moncton?

Numbers tell part of the story, but your situation is unique. With 16 years in the Greater Moncton market and a 3% commission structure that keeps more money in your pocket, I can give you a straight answer on what these trends mean for your home, your timing, and your bottom line.

Richard Wontorra, REALTOR®

3 Percent Realty Atlantic Inc. · President’s Platinum Award

Call/text: 506-802-8805 · Web: wontorra.com

Data source: All statistics drawn from the New Brunswick REALTORS® du Nouveau Brunswick MLS® System, Moncton and Area August 2026 statistical package, prepared by the Canadian Real Estate Association. This report was compiled from the official CREA/NBREB statistical package ahead of its scheduled September 15, 2026 public release. The MLS® HPI is a benchmark price index, not an average; it tracks the price of a typical home of a given type in a given area, controlling for differences in size, age, and features.