Best 5-year variable mortgage rates in New Brunswick.
Today’s best 5-year variable rate in New Brunswick is 3.50%. We compare 5-year variable rates across 100+ Canadian lenders for New Brunswick and lock your best on one application, with no bureau pull to start.
The best 5-year variable rate in New Brunswick today is approximately 3.50% — about $1,374/month on New Brunswick’s benchmark price of $344,000 with 20% down over a 25-year amortization. A 5-year variable is the term for borrowers who expect rates flat-to-lower and want the cheapest exit. New Brunswick has bilingual lender requirements in many parts of the province (especially the Acadian peninsula and Moncton metro).
Insured vs uninsured: the lowest 5-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 →
New Brunswick mortgage payments by term
| Term | Best rate | Est. monthly payment* |
|---|---|---|
| 5-Year Fixed | 4.19% | $1,476/mo |
| 5-Year VariableLowest | 3.50% | $1,374/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 a 5-year variable costs on a typical New Brunswick home
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 5-year variable rate of 3.50%, a 25-year amortization and Canadian semi-annual compounding. The term figures cover the 5-year term only, and assume the rate stays at 3.50% 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 | $1,697/mo | $1,374/mo |
| Interest paid over the 5-year term | $55,182 | $44,682 |
| Principal repaid over the term | $46,630 | $37,757 |
| Balance owing at renewal (year 5) | $293,242 | $237,443 |
| Payment you must qualify at (5.50% stress-test rate) | $2,075/mo | $1,680/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 5.50% (the higher of your rate + 2% or 5.25%), not at 3.50%, 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 5-year variable right for you in New Brunswick?
Who it suits. Borrowers comfortable with some payment movement in exchange for a usually-lower starting rate and a far cheaper break cost. It suits people who might move, refinance, or sell within the term, and those who believe the Bank of Canada's next moves are cuts rather than hikes.
What drives the rate. A 5-year variable moves with your lender's prime rate, which tracks the Bank of Canada's overnight policy rate. When the Bank cuts, your rate (and often your payment) falls within weeks; when it hikes, it rises. The variable-versus-fixed gap (the 'spread') widens and narrows with the market's rate outlook.
Breaking it early. The break penalty is only three months' interest, typically a fraction of a fixed mortgage's IRD, which is the single biggest reason mobile or uncertain borrowers choose variable.
The most popular variable term; its share swings with the rate cycle. You accept payment uncertainty in exchange for a cheaper exit and upside if rates fall.
What’s specific to New Brunswick
The New Brunswick rate market. 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.
Top New Brunswick lenders to compare. New Brunswick’s 5-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.
A worked example for New Brunswick
On New Brunswick’s benchmark price of $344,000 with 20% down ($68,800), the mortgage is $275,200. At today’s best 5-year variable rate of 3.50% over a 25-year amortization, that’s about $1,374/month using Canadian semi-annual compounding. That payment moves with prime over the term. Model your own price in the payment calculator.
Whatever your situation in New Brunswick
First home, renewal, refinance, self-employed or bruised credit: there's a 5-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.
6 reasons to lock your New Brunswick 5-year variable rate through a broker
Why New Brunswick borrowers shop the whole market instead of signing their bank's first 5-year variable offer.
100+ lenders compete, not one
A New Brunswick bank shows you a single 5-year variable rate sheet. We put your file in front of 100+ lenders who bid for it, then pass on the volume pricing we hold as a brokerage.
Broker-channel pricing
The wholesale rate brokers access is typically 15-30 bps below a bank's posted rate. You can't get it by walking into a branch.
Built for the New Brunswick market
New Brunswick has bilingual lender requirements in many parts of the province (especially the Acadian peninsula and Moncton metro).
Your rate held 90-120 days
A pre-approval locks today's 5-year variable rate while you shop, and many lenders honour a drop if rates fall before you close.
No bureau pull to start
We can shop your New Brunswick 5-year variable rate and pre-qualify you without a hard credit check, so comparing costs you nothing.
Rate Beat offer (conditions apply)
Rate-beat offer: if you bring a written, current 5-year variable offer from one of the six largest banks for the same product, term and amount, we will try to beat it or pay you $500 (keep it, or we'll donate it to your favourite charity). Conditions apply; see mortgagesquad.ca/rate-beat-guarantee. Our advice is free, because the lender pays our commission on funding.
Why shop your New Brunswick 5-year variable rate with us
- 100+ lenders on one application: banks, monolines, and New Brunswick credit unions like RBC and Scotiabank.
- Broker-channel rates 15-30 bps below posted, only a brokerage can access.
- New Brunswick-specific guidance: land transfer tax, rebates, and local lender fit built in.
- FSRA-licensed advice in 15+ languages.
New Brunswick 5-year variable rates — FAQ
What is the best 5-year variable mortgage rate in New Brunswick right now?
Are New Brunswick 5-year variable rates different from the rest of Canada?
Is a 5-year variable a good idea in New Brunswick?
How does breaking a 5-year variable mortgage work?
What land transfer tax will I pay in New Brunswick?
Can I lock this New Brunswick rate before I buy?
Lock your best New Brunswick 5-year variable rate.
Free, no bureau pull to begin. We shop 100+ lenders and hold your rate while you shop for the home.