New Brunswick

Best mortgage rates in New Brunswick: compare today's fixed and variable offers

Compare today's best mortgage rates in New Brunswick for purchases, renewals, refinances, and home equity scenarios. See indicative fixed and variable offers, what type of borrower typically qualifies, and when a lower rate may come with trade-offs in penalties, portability, or flexibility.

Rates updated daily · Displayed rates are indicative and may change based on down payment, insurance status, property type, and borrower profile.

Live rates

New Brunswick mortgage rates

Transaction

Purpose

Province

Purchase price

Down payment

$ 20%

Amortization

Term

Fixed

Variable

Current market rates are shown below as a quick reference. For a personalized quote based on your details, contact us or review our current Ontario rates overview.

Typical Canadian mortgage rates - Ontario, owner-occupied purchase (indicative, updated regularly)
Term	Fixed rate	Variable rate	Note
1 year	~4.69%	-	Short commitment
2 year	~4.39%	-	Rate reset opportunity
3 year	~3.94%	~3.55%	Mid-term flexibility
4 year	~4.39%	-
5 year	~4.04%	~3.44%	Most popular term

Rates are indicative and change daily. Speak with a Frank advisor for live lender pricing tailored to your profile.

Rates are from our lender network and shown for informational purposes only. Your actual rate depends on your borrower profile and selected product. Speak with a Frank advisor for a personalized quote.

Programs

New Brunswick first-time buyer programs

First Home Savings Account (FHSA)

Contribute up to $8,000/year (lifetime max $40,000). Tax-deductible contributions with tax-free qualifying withdrawals - powerful for building a down payment in NB's affordable market.

RRSP Home Buyers' Plan (HBP)

Withdraw up to $60,000 tax-free from your RRSP ($120,000 for two buyers). Repay over 15 years or the amount becomes taxable income.

Low Property Transfer Tax

NB charges a flat 1% of the assessed property value - one of the simplest and lowest transfer tax structures in Canada. On a $300,000 home, you pay just $3,000.

Closing costs

New Brunswick Land Transfer Tax calculator

New Brunswick charges a flat 1% property transfer tax on the assessed value of the property. For example, on a property assessed at $350,000, the tax is $3,500. There is no first-time buyer rebate.

Select province

Purchase price

LTT

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Total land transfer tax after rebates

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Rate brackets

Purchase price range	Marginal rate

FAQ

New Brunswick mortgage rate - common questions

What is the property transfer tax in New Brunswick?

New Brunswick charges a flat 1% property transfer tax on the assessed value of the property. For example, on a property assessed at $350,000, the tax is $3,500. There is no first-time buyer rebate.

How do I get the best mortgage rate in New Brunswick?

Work with a mortgage broker who shops multiple lenders. Credit above 680, a strong down payment, and documented income give access to A-lender pricing. Frank is licensed in New Brunswick and charges no fee on prime mortgages.

Does Frank charge a fee for New Brunswick mortgages?

No. Frank charges $0 for prime (A-lender) mortgages and alternative (B-lender) mortgages in New Brunswick. Frank is compensated by the lender. We only charge fees when a private mortgage is necessary.

Related resources

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