New Brunswick Mortgage Payments
Mortgage rates, average home prices, and payment calculations for New Brunswick (NB). Updated for 2026.
Monthly Payment
$1,558.65
at 4.29% fixed
Avg. Home Price
$310,000.00
Best Fixed Rate
4.29%
Best Variable Rate
3.95%
Current Mortgage Rates in New Brunswick
| Rate Type | Posted Rate | Best Available | Discount |
|---|---|---|---|
| 5-Year Fixed | 6.49% | 4.29% | -2.20% |
| 5-Year Variable | 5.45% | 3.95% | -1.50% |
Rates are approximate and updated periodically. Always confirm with your lender.
Mortgage on the Average New Brunswick Home
$310,000.00 home with 10% down ($31,000.00) at 4.29% over 25 years
Payment Frequency Comparison
How different payment schedules affect your mortgage at 4.29%
| Frequency | Payment | Total Interest | Total Cost | Interest Saved |
|---|---|---|---|---|
| Monthly | $1,558.65 | $179,946.32 | $467,595.32 | -- |
| Bi-Weekly | $719.38 | $179,946.32 | $467,595.32 | $0.00 |
| Accelerated Bi-Weekly | $779.33 | $218,912.59 | $506,561.59 | -$38,966.28 |
Fixed vs. Variable Rate
Monthly payment comparison for $310,000.00 home with 10% down
| Rate Type | Rate | Monthly Payment | Total Interest (25 yr) | Difference |
|---|---|---|---|---|
| 5-Year Fixed | 4.29% | $1,558.65 | $179,946.32 | -- |
| 5-Year Variable | 3.95% | $1,505.31 | $163,942.57 | $53.35/mo less |
Property Costs in New Brunswick
Excludes utilities, home insurance, and maintenance. Property tax based on 1.32% average rate.
Mortgage Payments Across Canada
Average home with 10% down, 25-year amortization at best available fixed rate
| Province | Avg. Home Price | Rate | Down (10%) | Monthly Payment |
|---|---|---|---|---|
| Newfoundland and Labrador (NL) | $280,000.00 | 4.39% | $28,000.00 | $1,422.14 |
| New Brunswick (NB) | $310,000.00 | 4.29% | $31,000.00 | $1,558.65 |
| Saskatchewan (SK) | $315,000.00 | 4.29% | $31,500.00 | $1,583.79 |
| Manitoba (MB) | $355,000.00 | 4.29% | $35,500.00 | $1,784.91 |
| Prince Edward Island (PE) | $370,000.00 | 4.39% | $37,000.00 | $1,879.26 |
| Northwest Territories (NT) | $380,000.00 | 4.49% | $38,000.00 | $1,949.60 |
| Nova Scotia (NS) | $420,000.00 | 4.29% | $42,000.00 | $2,111.72 |
| Nunavut (NU) | $420,000.00 | 4.59% | $42,000.00 | $2,176.53 |
| Alberta (AB) | $470,000.00 | 4.29% | $47,000.00 | $2,363.12 |
| Quebec (QC) | $510,000.00 | 4.29% | $51,000.00 | $2,564.23 |
| Yukon (YT) | $530,000.00 | 4.49% | $53,000.00 | $2,719.17 |
| Ontario (ON) | $880,000.00 | 4.29% | $88,000.00 | $4,424.56 |
| British Columbia (BC) | $960,000.00 | 4.39% | $96,000.00 | $4,875.92 |
Housing Market in New Brunswick
New Brunswick has experienced remarkable price appreciation since 2020, driven by remote workers and retirees relocating from central Canada. Despite this growth, the province remains one of Canada's more affordable markets. The Real Property Transfer Tax applies at a rate of 1% of the purchase price or assessed value, whichever is greater.
New Brunswick's Real Property Transfer Tax is a flat 1% of the greater of the purchase price or the property's assessed value. Property tax rates vary by municipality but are generally higher than national averages, ranging from 1.1% to 1.5%. The province does not offer a first-time homebuyer land transfer tax rebate. Closing costs in New Brunswick are relatively straightforward compared to provinces with tiered LTT structures.
The New Brunswick housing market has matured after its pandemic-era boom, with price growth moderating. Moncton, Saint John, and Fredericton remain the primary markets. The province's aging population and smaller workforce present long-term demand considerations, though immigration programs are helping to offset these trends. Mortgage affordability in New Brunswick remains favourable, with many buyers able to purchase without CMHC insurance due to lower price points.