The governments of Canada and New Brunswick have jointly announced a significant investment of $1.7 million to fund critical repairs at Golden Terraces, an affordable housing complex for seniors located in Moncton. The funding was officially revealed on November 12, 2025.
Addressing Critical Infrastructure Needs
This substantial financial commitment is aimed at addressing essential repairs and maintenance required at the Golden Terraces complex. The project is designed to ensure the building remains a safe, secure, and comfortable home for its senior residents. By tackling necessary infrastructure upgrades, the initiative seeks to significantly extend the lifespan of this vital affordable housing asset in the community.
A Collaborative Effort for Seniors
The $1.7 million investment underscores a shared commitment from both the federal and provincial levels of government to support affordable living options for seniors. This collaborative funding model highlights the recognition that maintaining existing affordable housing stock is as crucial as building new units. The repairs will directly benefit the residents of Golden Terraces, providing them with improved living conditions and peace of mind.
Strengthening Community Infrastructure
This announcement represents a proactive step in strengthening Moncton's community infrastructure and supporting its aging population. Investments in affordable seniors' housing not only protect vulnerable residents but also contribute to the overall social and economic health of the city. The project is expected to preserve dozens of affordable units, ensuring that seniors in Moncton have access to quality housing that meets their needs.
