New Brunswick Mortgage Rates & Home Buying Guide
New Brunswick offers excellent affordability with a simple 1% transfer tax. Moncton, Saint John, and Fredericton all offer accessible entry points for first-time buyers.
Last updated: May 2026
One of the most affordable provinces in Canada.
- Moncton
- Saint John
- Fredericton
Real Property Transfer Tax of 1% of the greater of the assessed value or purchase price.
Federal FHSA, RRSP HBP, and the $1,500 Home Buyers' Tax Credit apply.
What to Know About Buying in New Brunswick
Very affordable home prices.
Flat 1% real property transfer tax.
Growing population in Moncton and Fredericton.
Mortgage rates in New Brunswick are set nationally by Canada's major banks and lenders, then adjusted for your down payment, credit, and whether your mortgage is insured. The Bank of Canada's policy rate drives variable rates, while fixed rates track government bond yields.
To get the best rate in New Brunswick, compare offers from multiple lenders, consider both fixed and variable options, and remember that insured (high-ratio) mortgages often carry lower rates because they're CMHC-backed.
See live rates from RBC, TD, BMO, Scotiabank, CIBC and more on our Canadian bank rates page, updated with the latest Bank of Canada prime rate.
Related guides
Calculate Your New Brunswick Mortgage
Model your monthly payment and estimate your land transfer tax for New Brunswick.