Best 5-Year Fixed
4.49%
Mortgage rates in New Brunswick
Updated June 25, 2026.
New Brunswick has a low flat-rate land transfer tax, a moderate housing market, and active provincial credit unions like UNI Coopération financière. Closing costs are low but property taxes are among the highest in Canada relative to home value.
Rates shown are updated daily and are not an offer of credit. Actual rates require lender approval and may differ. Discounted rates are the bank's own published special-offer rates; a mortgage broker can often secure a lower rate than what's shown. See our methodology.
Best 3-Year Fixed
4.44%
Best Variable
3.95%
All lenders available in New Brunswick
Includes national lenders plus provincial credit unions and lenders operating in New Brunswick.
| Lender | 3-Year Fixed | 5-Year Fixed | Variable |
|---|---|---|---|
 Tangerine | 4.44% | 4.49% | 4.00% |
 TD Bank | 4.69% | 4.84% | 4.24% |
 BMO Bank of Montreal | 4.64% | 4.84% | 4.10% |
 CIBC | 4.64% | 4.84% | 3.95% |
 National Bank of Canada | 4.74% | 4.84% | 4.45% |
 RBC Royal Bank | 4.74% | 4.89% | 3.95% |
 Scotiabank | 6.05% | 4.90% | 5.95% |
Land transfer tax in New Brunswick
New Brunswick LTT is a flat 1% of the greater of the assessed value or the purchase price. On a $300,000 home that's $3,000.
First-time home buyer programs
Federal programs apply everywhere — the FHSA, RRSP Home Buyers' Plan, and federal Home Buyers' Tax Credit. The programs below are specific to New Brunswick.
- First-Time Home Buyer Tax Credit (provincial)
New Brunswick aligns with the federal Home Buyers' Tax Credit ($10,000 non-refundable, ~$1,500 in tax savings). The province does not offer an additional first-time-buyer rebate beyond federal programs.
Local notes
- Property taxes in NB are notably higher than the Canadian average relative to home value — factor this into affordability calculations beyond the mortgage payment alone.
- UNI Coopération financière is the dominant provincial credit union; competitive on smaller mortgages.