Interesting.
There are several new largish apartment complexes under construction in the city, due to come on line next year. Presumably this accounts for the higher expected vacancy rates in 2015 and 2016.
I think there are some strong warning signs on the horizon for greater Moncton. Construction activity (at least multiple unit residential) may take a significant dive in the next couple of years (until demand builds up again).
Yet another reason why the building of the events centre downtown might be a good idea - to help the local construction industry survive a temporary dry spell........