New Brunswick drew national attention during the pandemic when buyers from Ontario and other provinces discovered what locals always knew — this province offers a quality of life and an affordability that’s hard to match anywhere else in Canada. The rush has cooled, but the fundamentals haven’t changed: this is still one of the most accessible housing markets in the country.
The Local Broker is based in Ontario, but we connect borrowers across Canada with independent, licensed mortgage professionals. Everything is done online or by phone, on your schedule. Whether you’re buying in Fredericton, Moncton, Saint John, or anywhere else in New Brunswick, we’ll always make time for you.
New Brunswick’s Housing Market — 2026 Update
New Brunswick’s average home price is $363,668 as of April 2026, with the benchmark at $324,400 — up 1.3% year-over-year. After years of pandemic-driven surges, the market has settled into balanced territory with 4.2 months of inventory.
Prices are steadying rather than falling, and the province remains well below the national average of $695,000. For buyers who missed the bottom of the market, conditions are still favourable — more inventory means less competition, and prices have stabilized enough that you’re not chasing a moving target.
- Average home price: $363,668 (April 2026)
- Benchmark price: $324,400 (up 1.3% YoY)
- Market conditions: Balanced — 4.2 months of inventory
- Fredericton average: ~$394,596 | Saint John: ~$386,482 | Moncton: ~$375,140
What We Help With
First-Time Buyers
New Brunswick is one of the most accessible markets in Canada for first-time homebuyers. With average prices in the mid-$300,000s, a 5% minimum down payment is under $20,000 — and monthly carrying costs on a typical home are manageable on a modest household income. A broker ensures you’re getting the best rate available.
Refinancing
If you bought during the pandemic boom and your property has appreciated, refinancing can help you access that equity. A broker shops the entire market to find the best refinancing terms — whether you’re consolidating debt, funding renovations, or freeing up cash.
Mortgage Renewals
Your renewal is the best time to improve your mortgage — and the worst time to auto-sign. New Brunswick homeowners who shop their renewal through a broker regularly find better rates and terms than what their current lender offers.
Self-Employed & Non-Traditional Income
New Brunswick has a significant small-business and seasonal workforce — from fishing and forestry to tourism and the growing tech sector in Fredericton and Moncton. If your income doesn’t fit standard bank requirements, a broker with access to alternative lenders can find solutions that match your reality.
Investment Properties
With entry costs among the lowest in Canada and steady rental demand — particularly in university cities like Fredericton and Moncton — New Brunswick offers strong fundamentals for investment buyers. A broker can connect you with lenders who offer competitive terms for investment purchases.
Major Cities & Regions We Serve
We connect borrowers with licensed mortgage professionals in every city and town across New Brunswick, including:
- Fredericton
- Moncton
- Saint John
- Dieppe
- Riverview
- Miramichi
- Bathurst
- Edmundston
Don’t see your community listed? That’s fine — we serve all of New Brunswick. Start your free quote and we’ll match you with the right broker for your area.
Why The Local Broker
- Independent — Not tied to any single bank or lender. Your broker shops the entire market on your behalf.
- Access to 30+ lenders — Major banks, credit unions, monoline lenders, and alternative or private options.
- No cost to you — Mortgage brokers are paid by the lender, not the borrower, on standard residential mortgages.
- 100% online, phone, or in-person — Whatever works for your schedule.
- Canada-wide — We connect borrowers with licensed professionals across every province.
Ready to Explore Your Options?
Get a free, no-obligation mortgage quote in about a minute — no matter where you are in New Brunswick.
Common Questions About Mortgages in New Brunswick
Is New Brunswick still affordable for out-of-province buyers?
Yes. Despite price increases during the pandemic, New Brunswick’s average home price of $363,668 is roughly half of the national average. For buyers relocating from Ontario or BC, the province still offers dramatically more home for the money — and the cost of living is lower across the board.
Should I go to my bank or use a mortgage broker?
Your bank offers you their products at their rates. A broker compares products from 30+ lenders and finds the best fit for your situation — often at lower rates or with better terms. There’s no cost to you for using a broker on a standard residential mortgage.
Can I work with a broker even though The Local Broker is based in Ontario?
Absolutely. We work with borrowers across Canada, entirely online or by phone. We connect you with licensed mortgage professionals who know New Brunswick’s market and lender landscape. We’re in the same time zone as you, so scheduling is never an issue.
Does New Brunswick have a land transfer tax?
Yes, New Brunswick charges a real property transfer tax of 1% of the property’s assessed value (or purchase price, whichever is greater). It’s lower than many other provinces. Your mortgage broker can help you factor all closing costs into your budget planning.