What is the average mortgage rate in New Brunswick, Canada?

The current 5-year fixed mortgage rate in New Brunswick is approximately 4.31%, and the variable rate is approximately 3.62% (Bank of Canada data, as of Apr 16, 2026). Rates vary by lender, term, and whether you require CMHC insurance.

Do I need CMHC insurance when buying a home in New Brunswick?

CMHC mortgage default insurance is required in New Brunswick when your down payment is less than 20% of the purchase price. Premiums range from 2.80% to 4.00% of the insured loan amount and are added to your mortgage balance — not paid at closing.

What is the stress test rate for mortgages in Canada?

Under OSFI Guideline B-20, all Canadian mortgage applicants must qualify at the higher of their contract rate plus 2%, or 5.25%. With a 5.24% contract rate, the qualifying rate is approximately 7.24%.

Hipoteca — New Brunswick, Canada

Q: What is the land transfer tax in New Brunswick?

New Brunswick charges a Land Transfer Tax of 1.0% of the greater of the purchase price or assessed value. This is one of the lower rates in Canada and is straightforward to calculate.

Pre-filled with New Brunswick's average home price of C$300000, property tax of C$2400/year, and a 5-year fixed rate of 4.31%. Adjust any value below.

OSFI Stress Test: You must qualify at 7.24% (contract rate + 2%) under Canada's mortgage stress test rules. This calculator shows your actual payment — your lender will verify you can afford the stress-test rate.

Reference Rates

5-yr Fixed 4.31% Variable 3.62% Prime Rate 4.46% BoC Rate 2.2649%

Apr 16, 2026 · Bank of Canada

1 Datos del Crédito

Precio del Inmueble

Enganche

Monto del Crédito

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Tasa de Interés Anual (live 5-yr fixed 4.31%)

Período de Amortización

2 Costos Mensuales (New Brunswick averages pre-filled)

Predial ((anual)) ~0.8% in NB

Seguro de Inmueble ((anual))

Cuotas de Condominio (mensual, si aplica)

Incluir Seguro CMHC

Obligatorio si el enganche < 20 %

Mensualidad Estimada

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Seguro de Inmueble

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Total de Intereses

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Capital + intereses

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Evolución del Saldo Insoluto

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Cómo cambia tu mensualidad según la tasa

Escenario de Tasa	Mensualidad C+I	Total Intereses
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Tabla de Amortización

Desglose mensual completo

New Brunswick Mercado Inmobiliario

New Brunswick has seen significant price increases since 2020, driven by remote-worker relocation from larger cities. Moncton has emerged as a strong growth market. Despite appreciation, the province remains among Canada's most affordable for homebuyers.

Precio Promedio de la Vivienda C$300000

Tasa Efectiva del Impuesto Predial ~0.8%

Impuesto Predial Anual Prom. C$2400

Seguro Anual Prom. C$1200

Tasa de Prueba de Estrés ~7.24%

Comprar en New Brunswick

New Brunswick offers strong value for money, particularly for buyers relocating from expensive markets. A C$300,000 average price means monthly payments are very manageable at current rates, even with 5–10% down payment scenarios.

Impuesto sobre Transmisiones

New Brunswick charges a Land Transfer Tax of 1.0% of the greater of the purchase price or assessed value. This is one of the lower rates in Canada and is straightforward to calculate.

Seguro Hipotecario CMHC

CMHC insurance applies to insured purchases. New Brunswick's relatively low prices mean first-time buyers can enter the market with a 5% down payment and reasonable insurance premiums.

Mercados Clave

Moncton Saint John Fredericton Dieppe Riverview

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