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

📅 Page updated: July 9, 2026·⚡ Rate data: May 25, 2026·Methodology

Rate Type	Best Rate	Monthly Payment*	Term
5-Year Fixed	4.89%	~$2,301/mo	5 Years
5-Year Variable	5.45%	~$2,430/mo	5 Years
3-Year Fixed	4.74%	~$2,268/mo	3 Years
2-Year Fixed	5.1%	~$2,349/mo	2 Years
HELOC	6.2%	~$2,583/mo (interest only)	Revolving

*Based on $500K mortgage, 25-year amortization, Canadian semi-annual compounding. Last updated: May 25, 2026.

Bank vs. Broker Rate Comparison

See how Big 6 posted rates stack up against the best broker rates available in New Brunswick.

Lender	Type	5-Yr Fixed	3-Yr Fixed	5-Yr Variable	Action
National Bank	Bank	4.43%	4.44%	4.49%	Get Quote →
CIBC	Bank	4.51%	4.51%	4.12%	Get Quote →
RBC Royal Bank	Bank	4.62%	4.43%	3.98%	Get Quote →
BMO	Bank	4.76%	4.67%	4.12%	Get Quote →
TD Bank	Bank	4.96%	4.72%	4.31%	Get Quote →
Scotiabank	Bank	6.09%	6.05%	4.90%	Get Quote →
TOPTop Broker 🏆	Broker	4.89%	4.74%	5.45%	Get My Rate →

Bank rates shown are posted rates sourced from Bank of Canada. Actual rates may vary. Broker rates reflect best available insured rates from 50+ lenders. 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)
RRSP Home Buyers Plan
CMHC Mortgage Insurance

Mortgage Rates by City in New Brunswick

Moncton

Avg $320,000

+1.8%

Fredericton

Avg $290,000

+1.4%

Saint John

Avg $260,000

+2.1%

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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