New Brunswick mortgage rates & land transfer tax
Mortgage rates in New Brunswick are the same national rates offered across Canada — a lender’s five-year fixed in Fredericton matches the rate in Toronto. The closing-cost difference here is a flat 1% land transfer tax, charged on the greater of price or assessed value. Here are the verified national offers and what the tax costs at real prices.
Mortgage rates are national, not provincial
No Canadian lender quotes a different rate in New Brunswick than it does anywhere else in the country — a five-year fixed in New Brunswick is the same number it offers nationwide. So the verified offers below apply to New Brunswick buyers exactly as they do across Canada. What genuinely changes by province is the cost of closing — above all, the land transfer tax.
Verified national mortgage rates
Verified at the source · July 30, 2026| Lender | Product | Rate | Type | |
|---|---|---|---|---|
| Nesto | 5-yr fixed · insured | 4.09% | special | source |
| DUCA | 5-yr fixed · insured high-ratio | 4.14% | special | source |
| First National | 5-yr fixed · insured · conventional 4.84 | 4.49% | posted | source |
| Tangerine | 5-yr fixed | 4.49% | special | source |
| TD | 5-yr fixed | 4.84% | special | source |
| BMO | 5-yr fixed · Smart Fixed — no full payout for 5 yrs except sale; insured 4.74 | 4.84% | special | source |
| National Bank | 5-yr fixed · high-ratio 4.69 | 4.84% | special | source |
| RBC | 5-yr fixed · high-ratio 4.59 | 4.89% | special | source |
| CIBC | 5-yr fixed · high-ratio 4.64 | 4.94% | special | source |
| Scotiabank | 5-yr fixed · specials not published | 6.09% | posted | source |
| Nesto | 3-yr fixed · insured | 4.14% | special | source |
| DUCA | 3-yr fixed · insured high-ratio | 4.24% | special | source |
| Tangerine | 3-yr fixed | 4.44% | special | source |
| BMO | 3-yr fixed · amortization ≤25y | 4.64% | special | source |
| TD | 3-yr fixed | 4.69% | special | source |
| National Bank | 3-yr fixed | 4.69% | special | source |
| CIBC | 3-yr fixed | 4.74% | special | source |
| RBC | 3-yr fixed | 4.74% | special | source |
| First National | 3-yr fixed | 4.94% | posted | source |
| Scotiabank | 3-yr fixed | 5.95% | posted | source |
| Nesto | 5-yr variable · insured | 3.40% | special | source |
| RBC | 5-yr variable · prime − 0.50 · high-ratio 3.65 | 3.95% | special | source |
| Tangerine | 5-yr variable | 4.00% | special | source |
| BMO | 5-yr variable · amortization ≤25y | 4.10% | special | source |
| CIBC | 5-yr variable · high-ratio flex 3.95 | 4.10% | special | source |
| National Bank | 5-yr variable | 4.10% | special | source |
| First National | 5-yr variable · prime − 0.26 · insured 3.70 | 4.19% | posted | source |
| TD | 5-yr variable · TD prime − 0.36 | 4.24% | special | source |
| Scotiabank | 5-yr variable · Flex Value | 4.90% | posted | source |
These are national offers — the same rates apply to New Brunswick buyers. Advertised special-offer rates for standard residential mortgages, read at each lender's own page. Insured (high-ratio) pricing is typically lower than uninsured; many lenders only advertise one. Brokers and smaller lenders frequently beat every rate in this table.
Land transfer tax in New Brunswick
Verified · June 12, 2026New Brunswick charges a land transfer tax of 1%, calculated on the greater of the purchase price or the property’s assessed value. So if the assessment is higher than what you paid, the tax is based on the assessment.
At a flat 1%, the tax is more predictable than the graduated taxes in Ontario, BC or Manitoba, but it is still due in cash on closing and cannot be added to your mortgage. The worked examples below show the tax based on purchase price.
| Purchase price | Total land transfer tax |
|---|---|
| $500,000 | $5,000 |
| $800,000 | $8,000 |
| $1,000,000 | $10,000 |
These figures are computed for a regular (non-first-time) buyer and are due in cash on closing — they cannot be added to your mortgage. For an exact figure on your own price — including first-time-buyer relief — use the land transfer tax calculator.
First-time buyer help
New Brunswick offers no first-time-buyer relief from land transfer tax. First-time buyers pay the same 1% as everyone else, so budget the full amount shown below.
Good to know
- The 1% is charged on the GREATER of the purchase price or the assessed value — if the assessment is higher, your tax is higher.
- Land transfer tax is due in cash on closing and cannot be added to your mortgage.
- CMHC pegs total closing costs at roughly 1.5%–4% of the purchase price — budget land transfer tax on top of your down payment.
- There is no first-time-buyer rebate in New Brunswick.
Run the numbers for New Brunswick
Rates are national; your closing cost is local. Calculate exactly what you'll pay.
Frequently asked questions
Are mortgage rates different in New Brunswick?
No. Mortgage rates in Canada are national — lenders quote the same five-year fixed or variable rate in New Brunswick as anywhere else. The verified offers above apply to New Brunswick buyers exactly as they do across the country. What changes is the closing cost, led by land transfer tax.
How much is land transfer tax in New Brunswick?
New Brunswick charges a flat 1% land transfer tax on the greater of the purchase price or the assessed value. On an $800,000 home (assuming price is the greater figure) that is $8,000. The tax is due in cash on closing and cannot be rolled into your mortgage.
Is New Brunswick tax based on price or assessment?
It is charged on the greater of the two. If your property’s assessed value exceeds what you paid, the 1% tax is calculated on the assessment, not the purchase price. That can make the bill higher than a simple 1% of price would suggest, so check the current assessment before budgeting.
Do first-time buyers get relief in New Brunswick?
No. New Brunswick offers no first-time-buyer rebate on land transfer tax. First-time buyers pay the same flat 1% as every other purchaser, charged on the greater of price or assessed value.
Educational content, not financial advice or a rate guarantee. Mortgage rates are national; lender specials were read at each lender's own page on the stamped date and change without notice. Land transfer tax brackets, rates and rebates verified June 12, 2026 at official government sources and computed by RetireSmarter's land-transfer-tax engine — always confirm your exact figure with your lawyer or the relevant authority before closing.