Current Mortgage Rates in New Brunswick
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What's a good mortgage rate in New Brunswick right now?
As of September 2026, variable rates in New Brunswick start around 3.4% while fixed rates are generally 3.9% or higher.
New Brunswick mortgage rates available from a broker
 Lender highlights Strong mortgage features.Very good monthly pre-payment.Skip payment not available.Very good annual pre-payment. Best rate from Pine Financial 3.60%5 yearvariable $3,922monthly payment Other rates from Pine Financial4.29% 3 year fixed $4,216 per month 4.29% 4 year fixed $4,216 per month 4.34% 5 year fixed $4,238 per month |
 Lender highlights Strong mortgage features.Very good monthly pre-payment.Skip payment not available.Very good annual pre-payment. Best rate from Radius Financial 3.60%5 yearvariable $3,922monthly payment Other rates from Radius Financial4.39% 5 year fixed $4,259 per month 4.44% 3 year fixed $4,281 per month 4.69% 2 year fixed $4,392 per month 4.69% 4 year fixed $4,392 per month 4.89% 1 year fixed $4,481 per month |
 Lender highlights Some mortgage features.Good monthly pre-payment.Skip a payment.Good annual pre-payment. Best rate from Scotia Bank 3.65%5 yearvariable $3,942monthly payment Other rates from Scotia Bank3.99% 2 year fixed $4,086 per month 4.04% 3 year fixed $4,108 per month 4.19% 4 year fixed $4,172 per month 4.24% 5 year fixed $4,194 per month 4.59% 1 year fixed $4,347 per month |
 Lender highlights Some mortgage features.Good monthly pre-payment.Skip a payment.Good annual pre-payment. Best rate from Manulife Financial 3.65%5 yearvariable $3,942monthly payment Other rates from Manulife Financial4.29% 3 year fixed $4,216 per month 4.34% 5 year fixed $4,238 per month |
 Lender highlights Strong mortgage features.Very good monthly pre-payment.Skip payment not available.Very good annual pre-payment. Best rate from Neo Financial 3.65%5 yearvariable $3,942monthly payment Other rates from Neo Financial4.49% 5 year fixed $4,303 per month 4.64% 3 year fixed $4,370 per month 4.94% 4 year fixed $4,504 per month 5.84% 2 year fixed $4,918 per month 5.94% 1 year fixed $4,965 per month |
Bank mortgage rates available in New Brunswick
3-Year Fixed | 3-Year Variable | 5-Year Fixed | 5-Year Variable | |
|---|---|---|---|---|
4.67% | 7.78% (open) | 4.76% (insured) 4.86% (uninsured) | 4.12% | |
4.76% | 4.07% | 4.61% (insured) 4.96% (uninsured) | 4.12% | |
4.69% | -- | 4.73% (insured) 4.88% (uninsured) | 4.14% | |
4.53% | -- | 4.62% (insured) 4.92% (uninsured) | 3.68% (insured) 3.98% (uninsured) | |
5.95% | 5.95% | 6.09% | 4.90% | |
4.67% | -- | 4.861% (insured) 4.861% (uninsured) | 4.26% |
Rates in bold are discounted, annual percentage rates (APR), which include additional fees.
New Brunswick mortgage rate update: September 2026
After the Bank of Canada held its overnight rate at 2.25% on September 2, 2026, we know that variable mortgage rates in New Brunswick will hover around their current levels until at least the end of October.
The mystery is where fixed rates will go. Unfortunately, the most likely direction is up.
That’s because bond yields, which lenders use to price their fixed mortgage rates, started the month higher than they’ve been in over two years. The global bond sell-off you may have heard about created lower bond prices, which triggered higher yields. Worries around oil prices, inflation and weakening economic growth are forcing yields higher, too.
That could mean higher fixed rates for borrowers in New Brunswick. If you have your sights set on a fixed-rate mortgage, consider getting pre-approved before rates start rising.
Read more about the Bank of Canada's latest rate announcement.
The BoC makes policy interest rate announcements eight times a year. Find out how its latest decision might impact Canada's housing market.
2026 mortgage forecast
Variable rates
Variable mortgage rates weren't forecasted to move in 2026, but the war in Iran has changed the game.
By driving up oil prices and inflation expectations, the Bank of Canada has warned that higher rates may be needed to keep inflation near its 2% target.
If the Bank increases its overnight rate, variable mortgage rates will follow suit. That could happen as early as this summer.
If the Canadian economy falters, the Bank may be compelled to deliver a rate cut at some point. But it's hard to picture a rate cut coming just as inflation's about to spike.
Fixed rates
As of September 2026, fixed mortgage rates are higher than they were a few months ago thanks to rapid increases in government bond yields, which lenders use to price their fixed rates. Yields skyrocketed after the war in Iran caused oil prices to spike, and they rose higher in September after the Bank of Canada called out rising inflation and reduced economic growth as threats facing the Canadian economy.
Predicting where fixed rates head in the coming months depends heavily on the war in Iran. If it wraps up without further damage to oil and food supplies, bond yields should recede and take fixed mortgage rates with them. If the war escalates and worsens the global financial outlook, yields and fixed rates could increase even further.
New Brunswick housing market update
New Brunswick's residential housing market picked up slightly in July 2026. Residential sales rose 3.5% from June, though they remained 8.7% below July 2025 levels. Year-to-date, home sales in the province remain 6.1% behind the first seven months of 2025.
Home values kept climbing across the province. The provincial benchmark price rose 1.1% month-over-month to $343,800 (+7.0% year-over-year). Local benchmarks increased in Fredericton ($359,200; up 1.4% monthly and 6.2% year-over-year) and Greater Moncton ($385,200; up 0.9% monthly and 6.7% year-over-year). Saint John's benchmark price dipped 0.2% to $353,400 but was still up 4.4% from a year ago.
State of the market: Seasonally strong with upward price trajectories.
Programs for first-time home buyers in New Brunswick
New Brunswick’s Homeownership Assistance Program (HAP), is intended for first-time home buyers earning a total household income of $40,000 or less. The HAP offers loans of up to $75,000, which are meant to be combined with mortgage financing. No interest is charged on the HAP loan if the borrower’s income is less than $30,000; the interest rate increases by 0.5% for every $1,000 in adjusted income beyond $30,000. HAP loans are expected to be paid back within 25 years.
The Off-Reserve Aboriginal Home Ownership Program, is available for Indigenous New Brunswick residents interested in buying or building their first home. To qualify, borrowers must earn a total household income of $55,000 or less, and have a shelter cost-to-income ratio no higher than 30%.
If you’re not eligible for these provincial programs, consider investigating federal initiatives such as the Home Buyers’ Plan or the First Home Savings Account. These tools can be combined, so it might be worth studying both to see which ones fit your goals and finances.
Land transfer taxes in New Brunswick
New Brunswick charges a 1% rate of the home's value in many cases.
Where to get a mortgage in New Brunswick
Even though New Brunswick has a modest population, there are still many places to get a mortgage. In addition to Canada’s biggest banks, you can also find mortgages at:
Credit unions.
Monoline lenders, which only provide mortgages.
Alternative lenders, which often service borrowers with lower credit scores.
Private lenders, which can range from individuals to large nationwide companies.
Here are some examples of different mortgage providers in New Brunswick.
Banks | Credit Unions |
|---|---|
RBC | UNI Financial Cooperation |
BMO | Omista Credit Union |
Scotiabank | Brunswick Credit Union |
CIBC | Beaubear Credit Union |
TD Canada Trust | Blackville Credit Union |
Mortgage Brokerages | Direct Lenders |
Premiere Mortgage Centre | First National Financial |
Dominion Lending Centres | MCAP |
Mortgage Alliance | CMLS Financial |
TMG The Mortgage Group | nesto |
Mortgage Intelligence | Home Trust Company |
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Connect with Homewise to get a renewal rate quote that's personalized to you.Frequently asked questions
What’s today’s mortgage rate in New Brunswick?
There’s no single mortgage rate in New Brunswick. Rates differ based on the lender, rate type and term length. For example, variable mortgage rates in New Brunswick generally start around 3.5% while fixed rates are 3.9% or higher.
Are mortgage rates in New Brunswick different than in Nova Scotia or Newfoundland?
National lenders and mortgage brokers tend to offer similar rates to home buyers in these provinces.
How are mortgage rates determined in New Brunswick?
Mortgage rates are influenced by economic factors, like the Bank of Canada’s overnight rate (variable rates) and government bond yields (fixed rates). The rate you’re ultimately offered will depend on your savings, income, debt and credit score.
What’s the minimum down payment for a house in New Brunswick?
Minimum down payment rules are the same in every province. To get a mortgage in New Brunswick, you’ll have to put at least 5% down on a home worth up to $500,000. If the home is worth between $500,000 and $1.5 million, you’ll need to put down 5% of the first $500,000 and 10% of the remaining amount. For homes worth more than $1.5 million, a 20% down payment is required.
How can I get a lower mortgage rate in New Brunswick?
Getting a lower mortgage rate generally means presenting yourself as a low-risk borrower to New Brunswick’s lenders and brokers. You can do this by making a larger down payment, lowering your debt service ratios and paying off other debts.
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Clay Jarvis
Clay Jarvis