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New Brunswick Mortgages

New Brunswick Rates

We shop the most competitive brokers, lenders and banks in Canada to bring you today's lowest interest rates, free of charge! Our Canadian comparison charts list current rates, and are updated on a daily basis.

Term Lowest Fixed Rate Lowest Variable Rate
1-Year 2.82%
3-Year 2.69% 3.95%
5-Year 2.49% 2.84%
10-Year 2.99%
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New Brunswick charges a land transfer tax based on the property value of the home as follows:


Land Transfer Tax Rates
On the property value 0.25%

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Mortgage default insurance or CMHC insurance is required in Canada for down payments of less than 20%.


Down payment (% of home)
5%-9.99% 10%-14.99% 15-19.99% 20% or higher
CMHC insurance premium 2.75% 2.00% 1.75% 0.00%

Additional criteria as of July 9th, 2012:

  • The maximum amortization available on an insured mortgage (less than 20% down) is 25 years.
  • Homes sold for more than $1,000,000 do not qualify for CMHC insurance and, therefore, require a down payment of at least 20%.

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New Brunswick Mortgage Calculators

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New Brunswick First Time Home Buyer Freebies

  • First time home buyer Tax Credit

    Get $750 dollars back on your personal tax return.

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  • RRSP Home buyers Plan

    Access up to $25,000 from
    your RRSP tax-free.

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New Brunswick Blog Articles

Turo Car Rental – A Financial Guide

August 15, 2019

In just under nine years, Turo has quickly dominated the peer-to-peer car rental market. With well over a million rentals with listings in over 2,500 cities as well as over 300 airports, Turo’s sights appear to be now set on … Continue reading →

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9 Steps To Take After Securing Your Mortgage

August 14, 2019

Buying a home is an exciting event, especially when you’re a first-time buyer. But, it can also be quite stressful, there are many steps and important decisions to make. It requires you to ask the right questions, at the right time. What … Continue reading →

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