Mortgage Rates in New Brunswick

Find your new home in The Picture Province.

Today's top rates in:

5-Year Variable
4.75%
5-Year Fixed
4.77%

Today's Best Mortgage Rates In New Brunswick

Evaluate all of New Brunswick's best mortgage rates in one place. RATESDOTCAs Rate Matrix lets you compare pricing for all key mortgage types and terms.

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Rates are based on an average mortgage of $500,000 and subject to change based on filter criteria.

Updated 03:05 on May 04, 2025
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Insured The rates in this column apply to borrowers who have purchased mortgage default insurance. This is required when you purchase a home with less than a 20% down payment. The home must be owner-occupied and the amortization must be 25 years or less.
80% LTV The rates in this column apply to mortgage amounts between 65.01% and 80% of the property value. The home must be owner-occupied and have an amortization of 25 years or less. You must have purchased it for less than $1 million. These rates are not available on refinances. Refinances require "Uninsured" rates.
65% LTV The rates in this column apply to mortgage amounts that are 65% of the property value or less. The home must be owner-occupied and have an amortization of 25 years or less. You must have purchased it for less than $1 million. These rates are not available on refinances. Refinances require "Uninsured" rates.
Uninsured The rates in this column apply to purchases over $1 million, refinances and amortizations over 25 years. More info on the differences between insured and uninsured rates.
Bank Rate Bank Rate is the mortgage interest rate posted by the big banks in Canada.
1-year fixed rate 5.24% 5.24% 5.24% 5.59%
5.49% cibc-mortgage logo
2-years fixed rate 4.09% 4.70% 4.79% 4.70%
4.79% cibc-mortgage logo
3-years fixed rate 4.04% 3.94% 3.94% 4.09%
4.39% cibc-mortgage logo
4-years fixed rate 4.29% 4.29% 4.29% 4.44%
4.29% cibc-mortgage logo
5-years fixed rate 3.84% 3.84% 3.99% 3.84%
3.99% cibc-mortgage logo
7-years fixed rate 5.19% 5.00% 5.00% 5.19%
5.00% royalbankofcanada logo
10-years fixed rate 5.29% 5.25% 5.25% 5.29%
6.09% National_Bank_of_Canada_logo logo
3-years variable rate 4.40% 4.30% 4.30% 4.40%
6.35% Scotiabank-Logo logo
5-years variable rate 4.00% 4.05% 4.25% 4.05%
4.25% royalbankofcanada logo
HELOC rate N/A N/A N/A N/A
N/A
Stress Test 5.25% 5.25% 5.25% 5.25%
N/A

Today's Best Mortgage Rates in Canada

Evaluate Canada’s best mortgage rates in one place. You can compare the most current mortgage rates and monthly payments from 175+ banks and lenders across Canada.

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Rates are based on an average mortgage of $500,000 and subject to change based on filter criteria.

Lender tooltip icon Insured tooltip icon Insurable tooltip icon Uninsured tooltip icon
Frank Mortgage
Frank Mortgage
3.79% grey tooltip icon
$2,573.49 / month
3.99% grey tooltip icon
$2,627.39 / month
3.89% grey tooltip icon
$2,600.37 / month
Compass Mortgage Group oa My Mortgage Power
Compass Mortgage Group oa My Mortgage Power
3.89% grey tooltip icon
$2,600.37 / month
3.99% grey tooltip icon
$2,627.39 / month
3.89% grey tooltip icon
$2,600.37 / month
MMG Mortgages
MMG Mortgages
3.94% grey tooltip icon
$2,613.86 / month
4.14% grey tooltip icon
$2,668.19 / month
3.94% grey tooltip icon
$2,613.86 / month
Northwood Mortgage Ltd.
Northwood Mortgage Ltd.
4.19% grey tooltip icon
$2,681.85 / month
4.49% grey tooltip icon
$2,764.59 / month
4.19% grey tooltip icon
$2,681.85 / month
BMO
BMO
4.25% grey tooltip icon
$2,698.30 / month
4.47% grey tooltip icon
$2,759.03 / month
4.47% grey tooltip icon
$2,759.03 / month
Innovation Federal Credit Union
Innovation Federal Credit Union
4.49% grey tooltip icon
$2,764.59 / month
4.49% grey tooltip icon
$2,764.59 / month
4.49% grey tooltip icon
$2,764.59 / month
Gibson Mortgages
Gibson Mortgages
4.99% grey tooltip icon
$2,905.18 / month
4.44% grey tooltip icon
$2,750.71 / month
4.29% grey tooltip icon
$2,709.29 / month
True North Mortgage
True North Mortgage
2.99% grey tooltip icon
$2,363.66 / month
2.99% grey tooltip icon
$2,363.66 / month
2.99% grey tooltip icon
$2,363.66 / month
Hypotheca
Hypotheca
3.74% grey tooltip icon
$2,560.11 / month
3.74% grey tooltip icon
$2,560.11 / month
3.74% grey tooltip icon
$2,560.11 / month
DUCA Financial
DUCA Financial
3.79% grey tooltip icon
$2,573.49 / month
3.79% grey tooltip icon
$2,573.49 / month
3.79% grey tooltip icon
$2,573.49 / month
Monster Mortgage
Monster Mortgage
3.79% grey tooltip icon
$2,573.49 / month
3.79% grey tooltip icon
$2,573.49 / month
3.79% grey tooltip icon
$2,573.49 / month
Nesto
Nesto
3.84% grey tooltip icon
$2,586.91 / month
3.84% grey tooltip icon
$2,586.91 / month
3.84% grey tooltip icon
$2,586.91 / month
The Mortgage Advisors
The Mortgage Advisors
3.87% grey tooltip icon
$2,594.98 / month
3.87% grey tooltip icon
$2,594.98 / month
3.87% grey tooltip icon
$2,594.98 / month
Interior Savings
Interior Savings
3.89% grey tooltip icon
$2,600.37 / month
3.89% grey tooltip icon
$2,600.37 / month
3.89% grey tooltip icon
$2,600.37 / month
City Wide Financial Corp
City Wide Financial Corp
3.89% grey tooltip icon
$2,600.37 / month
3.89% grey tooltip icon
$2,600.37 / month
3.89% grey tooltip icon
$2,600.37 / month
Prospera Credit Union
Prospera Credit Union
3.94% grey tooltip icon
$2,613.86 / month
3.94% grey tooltip icon
$2,613.86 / month
3.94% grey tooltip icon
$2,613.86 / month
Mortgage Brokers City Inc
Mortgage Brokers City Inc
3.94% grey tooltip icon
$2,613.86 / month
3.94% grey tooltip icon
$2,613.86 / month
3.94% grey tooltip icon
$2,613.86 / month

Today's Headline

Ask the Expert: How Trump's tariffs will affect your Canadian mortgage

Jan.31.2025

Profile picture of Lubna Umar
Written By Lubna Umar

Updated March 26, 2025

About New Brunswick

New Brunswick is one of the country’s three Maritime provinces and the only one to have both English and French as its official languages. Roughly 33% of the province’s population is Francophone.

Like Nova Scotia, New Brunswick borders the Bay of Fundy, which attracts visitors worldwide for its whale-watching and extreme tides. The province’s urban centres support a diverse economy, while the rural areas rely mainly on forestry, mining, farming and fishing.

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Lowest mortgage rates in New Brunswick

Mortgage rates in Atlantic Canada tend to be a little higher compared to other the more competitive markets like Western and Central Canada—and New Brunswick is no exception.

The province’s smaller population and regulatory climate mean substantially less competition from brokers and lenders, especially from those headquartered outside of the province.

As a rough ballpark, mortgage rates in New Brunswick can be roughly 0.05 to 0.25%-pts above those in the country’s hotter mortgage markets (e.g., Toronto and Vancouver). But there are still rate deals to be had if you diligently shop around.

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Compare New Brunswick mortgage rates

It’s imperative for mortgage shoppers to take the time and contrast the mortgage options available to them.

The spread between New Brunswick’s best and worst mortgage rates can be over a full percentage point for the very same term. If you unknowingly accept a lender’s first rate offer, and it falls on the high side of that spread, you could end up paying thousands of dollars more than necessary versus had you explored the alternatives.

RATESDOTCA helps you compare the best New Brunswick mortgage rates from the most reputable mortgage providers in the province. We are the only site to display offers from all prime lenders that publicly advertise mortgage rates, as well as the top brokers licensed in the province.

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A man and woman hug as they look at their house on a dirt road

New Brunswick housing market

The housing market in New Brunswick has traditionally lagged other Canadian markets, but that changed post-pandemic.

 

As of February 2021, house prices in the province averaged $224,785, a 20.9% increase over the previous years price. Meanwhile, home sales were up a record 36.4% year-over-year.

 

The best mortgage lenders in New Brunswick

The Big 6 banks are the dominant mortgage lenders in New Brunswick, along with several big credit unions like OMISTA Credit Union, Advance Savings Credit Union and The Credit Union Ltd. The province’s lenders are concentrated in Fredericton and Moncton.

The best mortgage lender in Newfoundland can change on a monthly basis depending on rate promos. RATESDOTCA has up-to-date rate intel showing quick comparisons of each product’s main features.

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Top New Brunswick mortgage brokers

Mortgage broker options are more limited in New Brunswick compared to other more populous provinces. Not all of the larger independent brokers that operate elsewhere in the country are licensed here.

Notable exceptions include True North Mortgage, which routinely offers some of the lowest broker rates in Canada.

Homebuyers in the province do, however, have access to most of the larger brokerage houses that operate in the country, including: Dominion Lending Centres, TMG the Mortgage Group and M3 Mortgage Group, which consists of Mortgage Alliance, Mortgage Intelligence, Verico and Invis. But these groups tend to consist mainly of traditional mortgage brokers who don’t engage in deep-discounting (a.k.a. “rate buydowns” in industry parlance).

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Mortgage rate trends in New Brunswick

Here’s a quick look at the path of New Brunswick mortgage rates, relative to the lowest national rates, as of year-end.

YearNB 5-year FixedCanada 5-year FixedNB VariableCanada Variable
20172.81%2.84%2.34%2.24%
20183.44%3.50%3.04%2.76%
20192.46%2.66%2.84%2.80%
20201.69%1.52%1.70%1.17%
20211.92%1.84%1.33%1.14%

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New Brunswick mortgage rates are forecast to follow the national average with somewhat of a premium due to the deeper economic downturn in the province. After falling to historic lows in 2020 and early 2021, rates began to rise steadily by the Spring of 2021.

Mortgage regulators and association in New Brunswick

 

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Lubna Umar

Lubna Umar,

Lubna Umar is an SEO Content Manager at RATESDOTCA. She has produced a wide variety of content, including academic essays, pieces of fiction and financial literacy guides. In her free time, she can be found exploring the caf culture in Toronto or any other major city.

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