Best 3-year variable mortgage rates in New Brunswick.
Today’s best 3-year variable rate in New Brunswick is 3.55% — about $1,381/month on a $344,000 home with 20% down. A 3-year variable is a shorter-commitment variable for borrowers who want flexibility and a quick re-shop.
Who has the best 3-year variable rate in New Brunswick?
Radius Financial, at 3.55%. The lowest rates are usually insured pricing.
Insured vs uninsured: the lowest 3-year variable rates are usually insured pricing: a purchase with less than 20% down, backed by CMHC, Sagen or Canada Guaranty. Uninsured files (20%+ down, homes over $1.5M, refinances) typically price higher. APR is shown only where the lender publishes one that differs from the rate. Rates illustrative; your file (credit, income, LTV) sets your personalized rate. See all New Brunswick rates →
What would my payment be?
About $1,381/month. That’s New Brunswick’s benchmark price of $344,000 with 20% down ($68,800), a $275,200 mortgage at today’s best 3-year variable rate of 3.55%, over 25 years with Canadian semi-annual compounding. That payment moves with prime over the term. Model your own price in the payment calculator.
| Term | Best rate | Est. monthly payment* |
|---|---|---|
| 5-Year Fixed | 4.19% | $1,476/mo |
| 5-Year VariableLowest | 3.00% | $1,302/mo |
| 3-Year Fixed | 4.04% | $1,454/mo |
| 3-Year Variable | 3.55% | $1,381/mo |
| 2-Year Fixed | 3.99% | $1,446/mo |
| 1-Year Fixed | 4.19% | $1,476/mo |
| 4-Year Fixed | 4.24% | $1,484/mo |
| 7-Year Fixed | 5.00% | $1,601/mo |
| 10-Year Fixed | 5.34% | $1,654/mo |
What does a 3-year variable cost on a typical New Brunswick home?
With the minimum down ($17,200), you pay about $1,706/month and $34,577 in interest over the 3-year term. Lenders test your income at 5.55%.
See the full 3-year cost: down payment, insurance, interest and balance
Worked on New Brunswick’s benchmark price of $344,000 (New Brunswick province-wide MLS® HPI composite benchmark, New Brunswick REALTORS® (via CREA)) at today’s best 3-year variable rate of 3.55%, a 25-year amortization and Canadian semi-annual compounding. The term figures cover the 3-year term only, and assume the rate stays at 3.55% throughout: a variable rate moves with prime.
| Minimum down (insured) | 20% down (uninsured) | |
|---|---|---|
| Down payment | $17,200 (5.0%) | $68,800 (20.0%) |
| Default insurance premium (added to the mortgage) | $13,072 | None |
| Mortgage amount | $339,872 | $275,200 |
| Monthly payment | $1,706/mo | $1,381/mo |
| Interest paid over the 3-year term | $34,577 | $27,998 |
| Principal repaid over the term | $26,834 | $21,728 |
| Balance owing at renewal (year 3) | $313,038 | $253,472 |
| Payment you must qualify at (5.55% stress-test rate) | $2,084/mo | $1,688/mo |
New Brunswick Real Property Transfer Tax on this price: $3,440. Paid in cash at closing, on top of the down payment.
Qualifying: lenders test your income at 5.55% (the higher of your rate + 2% or 5.25%), not at 3.55%, so the qualifying payment above is the one your income must support, together with property tax, heating and other debts. Run your own numbers in the affordability calculator.
Is a 3-year variable right for you in New Brunswick?
Who it suits: Borrowers who like the variable structure but want to revisit the whole mortgage in three years rather than five. It suits people expecting rate cuts who also anticipate a change (selling, refinancing, or restructuring) inside three years.
What drives the rate, and what breaking it costs
What drives the rate. Like the 5-year variable, it moves with prime and the Bank of Canada, but the shorter term means you renegotiate sooner. Availability is thinner than the 5-year variable, so the lender mix that offers it matters.
Breaking it early. Three months' interest, the same cheap-exit advantage as any variable, paired here with an even shorter commitment.
A niche term: useful, but offered by fewer lenders than the 5-year variable. You get maximum flexibility but give up the longer rate hold a 5-year term provides.
What’s specific to New Brunswick?
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.
New Brunswick lenders and closing costs
Top New Brunswick lenders to compare. New Brunswick’s 3-year variable pricing is shaped by a distinct lender mix: RBC, Scotiabank, TD, UNI Cooperation Financière, MCAP and others all bid for files here, and we shop the whole panel on one application. Foreign-buyer rules: Federal foreign-buyer ban applies through 2027.
Closing costs. On top of the rate, budget for new brunswick real property transfer tax — flat 1.0% on the greater of the purchase price or assessed value of the property. Run the full number in our New Brunswick land transfer tax calculator.
Why get your New Brunswick 3-year variable rate through a broker?
Because 100+ lenders compete for your file instead of one. We can help you save money.
100+ lenders compete, not one
A New Brunswick bank shows you one 3-year variable rate sheet. We put your file in front of 100+ lenders, including RBC and Scotiabank.
Broker pricing
The rate brokers get is typically 15-30 bps below a bank's posted rate. You can't get it at a branch.
Built for New Brunswick
New Brunswick has bilingual lender requirements in many parts of the province (especially the Acadian peninsula and Moncton metro). Land transfer tax, rebates and local lender fit are built in.
Your rate held 90-120 days
A pre-approval locks your 3-year variable rate while you shop, and many lenders honour a drop before you close.
No credit pull to start
We shop your New Brunswick 3-year variable rate and pre-qualify you without a hard credit check. FSRA-licensed advice in 15+ languages.
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
Whatever your situation in New Brunswick
First home, renewal, refinance, self-employed or bruised credit: there’s a 3-year variable path for your file, with the same 100+ lender network.
First-time buyers
5% down to your first New Brunswick home, with FHSA + RRSP HBP optimization.
Refinancing
Tap your New Brunswick home equity for renovations, debt consolidation, or investing.
Renewing
Don't auto-renew. Compare your bank's offer against the market.
Self-employed
Business-for-self files priced right, with A-lender, alt-A and private compared.
Bruised credit
B-lender and private paths now, with a mapped exit back to A-pricing.
New to Canada
Newcomer programs at the big banks; international credit accepted.
New Brunswick 3-year variable rates — FAQ
What is the best 3-year variable mortgage rate in New Brunswick right now?
The best 3-year variable rate in our 100+ lender network for New Brunswick is approximately 3.55% as of Oct 24, 2026, which is about $1,381/month on the New Brunswick benchmark price of $344,000 with 20% down over 25 years. Your personalized New Brunswick rate depends on your file — income, credit, loan-to-value, and property type. We shop every lender on one application to find your lowest.
Are New Brunswick 3-year variable rates different from the rest of Canada?
The headline rate is set nationally, but what you can actually get in New Brunswick differs: the provincial lender mix, Financial and Consumer Services Commission (FCNB) regulation, and local credit unions all shape pricing and qualification. 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.
Is a 3-year variable a good idea in New Brunswick?
Borrowers who like the variable structure but want to revisit the whole mortgage in three years rather than five. It suits people expecting rate cuts who also anticipate a change (selling, refinancing, or restructuring) inside three years. You get maximum flexibility but give up the longer rate hold a 5-year term provides.
How does breaking a 3-year variable mortgage work?
Three months' interest, the same cheap-exit advantage as any variable, paired here with an even shorter commitment.
What land transfer tax will I pay in New Brunswick?
Flat 1.0% on the greater of the purchase price or assessed value of the property.
Can I lock this New Brunswick rate before I buy?
Yes. Most lenders offer a 90-120 day rate hold on a pre-approval, so a rising market can't catch you (and many honour a lower rate if they drop). Start a pre-approval (no bureau pull to begin) and we'll hold your best New Brunswick 3-year variable rate.
Lock your best New Brunswick 3-year variable rate.
Free, no credit pull to begin. We shop 100+ lenders and hold your rate while you shop for the home.