Balanced Market
Mortgage Rates in New Brunswick
New Brunswick is one of Canada's most affordable provinces with strong value in Moncton, Fredericton, and Saint John. The province has seen steady population growth from immigration and interprovincial migration.
Avg Home Price
$290,000
Benchmark Price
$275,000
Year-Over-Year
↑ 1.2%
Best 5-Yr Fixed
4.89%
Today's Best Rates in NB
| Rate Type | Best Rate |
|---|---|
| 5-Year Fixed | 4.89% |
| 5-Year Variable | 5.45% |
| 3-Year Fixed | 4.74% |
| 2-Year Fixed | 5.1% |
| HELOC | 6.2% |
*Based on $500K mortgage, 25-year amortization, Canadian semi-annual compounding. Last updated: May 25, 2026.
Land Transfer Tax in New Brunswick
No provincial first-time buyer rebate currently
First-Time Buyer Programs in New Brunswick
- First Home Savings Account (FHSA)
- CMHC Mortgage Insurance
- Home Buyers Plan (RRSP)
Mortgage Rates by City in New Brunswick
Frequently Asked Questions
What is the average home price in New Brunswick?
The average home price in New Brunswick is approximately $290,000, making it one of Canada's most affordable provinces. Moncton averages around $310,000.
Is there a land transfer tax in New Brunswick?
New Brunswick charges a land transfer tax of 0.5% of the assessed value or purchase price, whichever is greater.
What is the average mortgage rate in New Brunswick?
The best 5-year fixed mortgage rate in New Brunswick is currently around 4.89%, consistent with national rates.
Is Moncton a good place to buy real estate?
Moncton is New Brunswick's fastest-growing city with a bilingual population, growing healthcare sector, and strong rental demand from students and young professionals.
What programs help first-time buyers in New Brunswick?
New Brunswick first-time buyers can access the federal FHSA, Home Buyers Plan, and CMHC insured mortgages with as little as 5% down.
How do mortgage brokers work in New Brunswick?
New Brunswick mortgage brokers are licensed under the Mortgage Brokers Act and can shop your application to multiple lenders. Their service is free to borrowers.
Is New Brunswick real estate a good investment?
New Brunswick's affordability, growing population, and strong rental yields make it increasingly attractive to investors from more expensive markets.
What is the stress test in New Brunswick?
The federal mortgage stress test applies in New Brunswick. You must qualify at your contract rate plus 2% or 5.25%, whichever is higher.
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