Best mortgage rates
in New Brunswick.
Today’s best 5-year fixed in New Brunswick is 4.19% across our network. Variable is 3.00%. Among the most affordable major Canadian markets — Moncton, Fredericton, and Saint John all sit under $400K average. Stable employment in healthcare, education, and government.
Mortgage rates in New Brunswick today start at 4.19%% fixed and 3.00%% variable across our 100+ lender network. The benchmark home in New Brunswick is $344,000; the federal stress test requires qualifying at your rate + 2%. New Brunswick has bilingual lender requirements in many parts of the province (especially the Acadian peninsula and Moncton metro).
What are the best mortgage rates in New Brunswick right now?
From 100+ lenders, lowest first. Rates are for insured mortgages unless noted.
How are mortgage rates set in New Brunswick?
Your lender sets your rate from your credit, income, amortization and down payment. Fixed rates follow bond yields. Variable rates follow the Bank of Canada. New Brunswick has bilingual lender requirements in many parts of the province (especially the Acadian peninsula and Moncton metro). UNI Coopération Financière (Caisses Populaires Acadiennes) is the dominant French-language lender; major banks deliver bilingually.
Follow the 5-year bond yield
Lenders price 5-year fixed rates off the Government of Canada 5-year bond yield. When yields rise, fixed rates follow within days. A 0.25% move adds about $12/month per $100k.
Follow the Bank of Canada
Variable rates are prime plus or minus a discount. The Bank of Canada sets its rate 8 times a year, and prime is that rate + 2.20%.
Credit and down payment
Insured mortgages (under 20% down) get the deepest discounts. Files with 20% or more down pay 0.05–0.25% more. A score above 720 gets the best tier.
What lenders look at in New Brunswick
- 1. Your credit and income. Lenders check your credit score, income papers and total debt. A score above 720 gets the best discounts.
- 2. The lenders in your province. Not every lender works in every province, and pricing varies by region. Brokers reach banks, credit unions and monoline lenders.
- 3. Fixed or variable. Fixed rates follow Government of Canada bond yields. Variable rates follow the Bank of Canada. Neither is always cheaper over a full term.
- 4. The stress test. You must qualify at your rate + 2%, or 5.25%, whichever is higher. We build your application so you pass on the best product, not the easiest one.
Federal foreign-buyer ban applies through 2027.
New Brunswick mortgage rates — common questions.
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How affordable is New Brunswick compared to other provinces?
Very — Moncton (~$365K), Fredericton (~$345K), and Saint John (~$285K) are among the most affordable major markets in Canada. Monthly carrying costs at current rates run roughly a third of Toronto or Vancouver for an equivalent property.
What is the NB Real Property Transfer Tax on a $400K home?
Exactly $4,000 — flat 1.0% on the greater of purchase price or assessed value. Simpler than tiered provinces like Ontario or BC, and lower than most major-market alternatives.
Is bilingual French/English mortgage service available in NB?
Yes — NB is officially bilingual and lenders deliver documentation in both languages. We have French-speaking advisors. UNI Coopération Financière (the Acadian credit union) specializes in French-language mortgage files.
Which NB cities have the strongest investor activity?
Moncton has seen the strongest investor inflow from out-of-province buyers (especially Ontario buyers seeking cash-flow positive rentals). Fredericton has a stable government/university-driven rental market. Saint John is the most affordable entry but with thinner financing options for some property types.
Is the mortgage stress test the same in New Brunswick as elsewhere in Canada?
Yes — the federal stress test applies uniformly in every province: you must qualify at your contract rate plus 2%, or 5.25%, whichever is higher. There is no New Brunswick-specific exception. The stress test determines your maximum mortgage size, not the rate you pay.
What is the minimum down payment on a home in New Brunswick?
Federal minimums apply: 5% on the first $500,000 of purchase price, 10% on the portion from $500,000 to $1,500,000, and 20% above $1,500,000. At New Brunswick's benchmark home price of $344,000, the minimum down payment is roughly 5%. Below 20% requires CMHC, Sagen, or Canada Guaranty default insurance.
What first-time buyer programs apply in New Brunswick?
Federally: the First-Time Home Buyer Tax Credit ($1,500 non-refundable), the First Home Savings Account (FHSA — save up to $40,000 tax-free), and the RRSP Home Buyers' Plan ($35,000 withdrawal repaid over 15 years) all apply province-wide. New Brunswick does not offer an additional provincial first-time-buyer rebate on top of the federal programs.
Have a New Brunswick offer from a big bank?
Bring us a written offer from a big bank. We’ll try to beat it. If we can’t, we pay you $500. Conditions apply. See the conditions
- 5-minute pre-qualification
- No credit check to start
- Same-business-hour response