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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 3.02%
3-Year 2.79% 3.95%
5-Year 2.79% 2.90%
10-Year 3.24%
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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

Pros and Cons of Using a Mortgage Broker

June 16, 2019

When buying a home, the two most important resources are your real estate agent and your bank, right? Not necessarily. While your bank is certainly equipped to help you finance your home purchase, there are other options available. Along with … Continue reading →

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Bicycle Insurance In Canada – Is Your Bike Safe?

June 13, 2019

Summer is a beautiful time to ride a bike, that is of course if you have one. If your bike was stolen, you’re not alone. In fact, Toronto Police reported a 26% rise in bicycle thefts, to 3,728 in 2017. … Continue reading →

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