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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 2.27%
3-Year 2.19% 2.45%
5-Year 1.99% 1.92%
10-Year 2.59%
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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

Advantages and disadvantages of using an insurance broker

August 6, 2020

Like most in life, there’s no perfect solution to anything. The same rule applies to your insurance: There are different ways to get insurance but no perfect route to take. You can either work directly with an insurance provider or … Continue reading →

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CDIC: Everything you need to know about how your money is federally insured

August 5, 2020

This post is sponsored by the CDIC. As you go about your daily banking online or watch the ATM dutifully swallow up your deposit envelope, have you ever stopped to wonder just how safe your hard-earned money really is? Canadians … Continue reading →

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