5-year fixed broker floor: 4.12% · Variable broker floor: 3.60% · Qualifying income for median New Brunswick home (~$280K): approximately $75,500/yr.
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Canadian mortgage rates are set nationally — the benchmark is the same in New Brunswick as across Canada. The table below shows current estimated benchmark rates for all terms, based on Bank of Canada data. Rates assume excellent credit (750+ score) and represent the best available pricing tier.
| Term | Fixed broker floor | Fixed bank avg | Variable broker floor |
|---|---|---|---|
| 1-Year | 4.62% | 4.97% | 3.60% |
| 2-Year | 4.42% | 4.77% | 3.60% |
| 3-Year | 4.27% | 4.62% | 3.60% |
| 4-Year | 4.17% | 4.52% | 3.60% |
| 5-Year | 4.12% | 4.47% | 3.60% |
| 7-Year | 4.32% | 4.67% | 3.60% |
| 10-Year | 4.57% | 4.92% | 3.60% |
New Brunswick charges a Land Transfer Tax on real estate purchases.
On a $280,000 NB property, LTT is $2,800. New Brunswick is one of the most affordable provinces for both real estate and closing costs.
| Value threshold | Tax rate / fee |
|---|---|
| Above prior bracket | 1.0% of purchase price |
For the New Brunswick median purchase price of approximately $280,000 with 10% down ($28,000):
Mortgage amount: $252,000 · Stress test qualifying rate: 6.12% · Monthly P&I at qualifying rate: $1,630/month · Annual PITH: ~$24,160 · Required gross income (32% GDS): approximately $75,500/year.
New Brunswick borrowers qualify at the federal stress test rate. The province's affordable price points typically result in manageable qualifying income requirements.
Mortgage brokers and lenders in New Brunswick are regulated by the Financial and Consumer Services Commission of New Brunswick (FCNB). Borrowers in New Brunswick can access the full range of federally regulated banks, provincially regulated credit unions, and monoline lenders through the broker channel.
Major cities in New Brunswick: Moncton, Saint John, Fredericton, Dieppe.
CMHC mortgage insurance applies in New Brunswick for eligible purchases under $1,500,000 with less than 20% down (as of December 2024).
Select your term, rate type, credit tier, and intent to see a detailed rate page for your exact borrower scenario in New Brunswick.
Many New Brunswick borrowers are renewing mortgages locked in at historically low rates between 2019 and 2023. If you locked in during this period, your renewal represents a significant payment change.
Select your original term and year to see your specific renewal shock analysis:
The current 5-year fixed mortgage broker floor in New Brunswick is approximately 4.12% and the bank average is 4.47%. Variable rate broker floor is approximately 3.60%. These are national benchmark rates that apply equally in all provinces.
New Brunswick charges a Land Transfer Tax on real estate purchases. On a $280,000 NB property, LTT is $2,800. New Brunswick is one of the most affordable provinces for both real estate and closing costs.
For a New Brunswick median home price of approximately $280,000 with 10% down, you need approximately $75,500 in gross annual income under the 2026 stress test at 6.12%. This is an estimate — your lender calculates your exact qualifying income.
New Brunswick does not offer a provincial LTT rebate for first-time buyers. The federal First Home Savings Account (FHSA) is available to eligible first-time buyers nationally.
Mortgage brokers in New Brunswick are regulated by the Financial and Consumer Services Commission of New Brunswick (FCNB).