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Best Mortgage Rates in New Brunswick

 
Mortgage Rates in New Brunswick fluctuate on regular intervals. We shop for the best fixed and variable mortgage rates in New Brunswick and provide you with the best rate currently available.

Best 3-Year Fixed Rate

Tangerine

2.69%

3 Year Fixed

90 Days

Hold until Nov 20

$1,463.95

Payment

 

Best 3-Year Variable Rate

Bank of Montreal

3.75%

3 Year Variable

30 Days

Hold until Sep 21

$1,640.18

Payment

 

Best 5-Year Fixed Rate

motusbank

2.64%

5 Year Fixed

90 Days

Hold until Nov 20

$1,455.90

Payment

 

Best 5-Year Variable Rate

Meridian Credit Union

2.9%

5 Year Variable

60 Days

Hold until Oct 21

$1,498.01

Payment

 

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Housing Market Stats in New Brunswick

As of the 2018 census, there were more than 414,000 households in New Brunswick, which was significantly smaller than its neighbouring province Quebec, which had over 3 million. An average number of people per household was 2.3. Most of the households owned a single-detached house followed by other dwellings, movable dwelling, and apartments and high-rises.

According to the Canadian Real Estate Association, the average home price in New Brunswick as of 2018 is over $280,000, almost 20% increase than in 2016. At least 2,100 residences were added to the listings in May 2018, and the homes stay in the inventory for around 9 months. 

Mortgage Stats in New Brunswick

New Brunswick has a lower online mortgage inquiry than Ontario, Alberta, Quebec, and British Columbia. The average age of the borrower is 36 years old while the average gross income is $46,000, lower than the overall average of $60,000. The average mortgage in Fredericton, it’s capital, is $123,000, which isn’t exactly very high when compared to other areas such as Notre-Dame and Lincoln, which is $189,000. St. John, one of the biggest cities in the province, has an average mortgage similar to that of Fredericton

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