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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 2.79%
3-Year 2.79% 3.95%
5-Year 2.49% 2.89%
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 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

PC Financial Mastercards reviewed: Everything you need to know

December 10, 2019

All three PC Financial Mastercards have no annual fees. With a PC Financial Mastercard, you’ll earn PC Optimum Points everywhere you shop – not just at Shoppers Drug Mart, Loblaws, or where PC products are sold. You can earn PC … Continue reading →

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The best high-interest savings accounts in Canada 2019

December 9, 2019

High-interest savings accounts provide a great vehicle for long and short-term savings, with many of the best high-interest savings accounts in Canada offering interest rates over 2%. Continue reading →

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