Before you shop for a mortgage in New Brunswick, it helps to know what homes cost across the province and how the market looks in its main cities.
New Brunswick house prices are the lowest of any province. For the average house price in New Brunswick, CREA reports a benchmark for a typical home, which came to $341,700 in September 2026, a 2.7% gain on the year before.1 Nationally, the average house price in Canada is roughly $325,000 higher.
A home is a big purchase, so do your research first. Use the prices below to plan your home-buying budget with real numbers.
Key Points
- CREA's benchmark put a typical New Brunswick home at $341,700 in September 2026, up 2.7% in a year.
- That's the lowest benchmark of any province and about $325,000 less than the $666,538 national average.
- Of the three main cities, Greater Moncton costs the most at $377,400, and Fredericton grew the fastest at 4.4%.
- At the $341,700 benchmark, monthly payments run about $1,600 to $2,000, depending on how much you put down.
- The province charges a 1% real property transfer tax, which is $3,417 on a $341,700 purchase.
How Low Is The Average House Price In New Brunswick?
In September 2026, the benchmark home price in New Brunswick reached $341,700, 2.7% above September 2025.1 CREA reports this province's prices as a benchmark, not an average. Because it's built around a typical home, it holds steady no matter which homes sold that month.
Prices here have grown a lot over the years but stay low next to the rest of Canada. The benchmark has dipped 3.0% since its May 2026 peak of $352,200, yet it's still close to triple its January 2005 level of $115,400.1
New Brunswick Benchmark Home Price, 2005 To 2026
Peak $352,200 in May 2026 | September 2026: $341,700
Source: CREA MLS Home Price Index, New Brunswick composite benchmark price, not seasonally adjusted.
Moncton, Fredericton and Saint John each have their own benchmark. Here's where they stood in September 2026:
| City | Typical Home Price | 12-Month Change |
|---|---|---|
| Greater Moncton | $377,400 | +0.4% |
| Fredericton | $364,400 | +4.4% |
| Saint John | $355,400 | +1.1% |
| New Brunswick (province) | $341,700 | +2.7% |
Source: CREA MLS Home Price Index (September 2026).1 Each city sits above the provincial figure, because the province-wide benchmark also counts smaller towns and rural areas where homes cost less.
Where Does New Brunswick Rank Among The Provinces?
New Brunswick ranks last on price, with homes costing roughly half the national average. Here is the full list.
| Province | Price (Sept. 2026) | Yearly % Change |
|---|---|---|
| Canada | $666,538 | -1.6% |
| British Columbia | $923,887 | -2.4% |
| Ontario | $791,691 | -4.3% |
| Quebec | $563,241 | 2.2% |
| Alberta | $525,308 | 5.2% |
| Nova Scotia* | $423,200 | -2.5% |
| Manitoba* | $388,200 | 3.4% |
| Prince Edward Island* | $377,900 | 0.5% |
| Saskatchewan* | $376,700 | 2.8% |
| Newfoundland and Labrador* | $355,600 | 5.5% |
| New Brunswick* | $341,700 | 2.7% |
Source: CREA (September 2026).1 Starred provinces are listed at their HPI benchmark, and the others at their average sale price. Prices here are still rising faster than the national average, which dropped 1.6% over the year.
What Keeps New Brunswick Home Prices Low?
Demand in New Brunswick is spread over several smaller cities and towns instead of one big, crowded market, and that keeps prices down. Even its largest cities, Moncton, Fredericton and Saint John, have benchmarks below $380,000.1
Buyers also have plenty to choose from. The province had 5.6 months of inventory at the end of September 2026, so at the current sales pace it would take over five months to sell everything listed.2
Prices haven't stopped rising, they're just growing more slowly than in some provinces. Fredericton led the three main cities with a 4.4% rise in its benchmark over the past year.1
How Big Is The Mortgage Payment On A New Brunswick Home?
At New Brunswick's $341,700 benchmark, your payment depends mainly on two choices: how much you put down and what rate you get. The table uses 5% fixed and a 25-year payoff.
Swipe to see all →
| Down Payment | Money Down | Insurance Premium | Loan Amount | Payment Per Month |
|---|---|---|---|---|
| Minimum (5%)* | $17,085 | $12,985 (4.00%) | $337,600 | $1,963 |
| 10% | $34,170 | $9,533 (3.10%) | $317,063 | $1,844 |
| 20% | $68,340 | None | $273,360 | $1,590 |
*Homes costing $500,000 or less need a down payment of at least 5%. At $341,700, that comes to $17,085.
These numbers are for illustrative purposes only. Actual numbers may vary.
Down payments under 20% come with a mortgage default insurance premium that's added on top of what you borrow. The 5% and 10% rows carry a bigger loan for that reason.
Comparing Rates On A $273,360 Loan
That's the amount you'd borrow with 20% down. A half-point rate change raises or lowers the payment by roughly $75 to $80.
| Rate | Monthly Cost | Interest Over The Full 25 Years |
|---|---|---|
| 4.0% | $1,438 | $158,019 |
| 4.5% | $1,513 | $180,532 |
| 5.0% | $1,590 | $203,603 |
| 5.5% | $1,669 | $227,210 |
| 6.0% | $1,749 | $251,333 |
These numbers are for illustrative purposes only. Actual numbers may vary.
Use the mortgage calculator below to test other prices, down payments and rates.
Mortgage Calculator
| Amortization | Payment | Total interest | Total paid |
|---|---|---|---|
| 15 years | $3,356.62 | $164,191.53 | $604,191.53 |
| 20 years | $2,773.78 | $225,707.84 | $665,707.84 |
| 25 years | $2,435.28 | $290,584.30 | $730,584.30 |
| 30 years | $2,218.55 | $358,677.44 | $798,677.44 |
| Year | Principal paid | Interest paid | Balance left |
|---|---|---|---|
| Year 1 | $9,805.24 | $19,418.13 | $430,194.76 |
| Year 2 | $10,251.44 | $18,971.93 | $419,943.33 |
| Year 3 | $10,717.94 | $18,505.43 | $409,225.38 |
| Year 4 | $11,205.67 | $18,017.70 | $398,019.71 |
| Year 5 | $11,715.60 | $17,507.77 | $386,304.11 |
| Year 6 | $12,248.74 | $16,974.64 | $374,055.37 |
| Year 7 | $12,806.13 | $16,417.24 | $361,249.24 |
| Year 8 | $13,388.89 | $15,834.48 | $347,860.35 |
| Year 9 | $13,998.17 | $15,225.20 | $333,862.18 |
| Year 10 | $14,635.17 | $14,588.20 | $319,227.01 |
| Year 11 | $15,301.16 | $13,922.21 | $303,925.85 |
| Year 12 | $15,997.46 | $13,225.91 | $287,928.39 |
| Year 13 | $16,725.45 | $12,497.93 | $271,202.94 |
| Year 14 | $17,486.56 | $11,736.81 | $253,716.38 |
| Year 15 | $18,282.31 | $10,941.07 | $235,434.07 |
| Year 16 | $19,114.27 | $10,109.11 | $216,319.81 |
| Year 17 | $19,984.08 | $9,239.29 | $196,335.72 |
| Year 18 | $20,893.49 | $8,329.89 | $175,442.24 |
| Year 19 | $21,844.27 | $7,379.10 | $153,597.97 |
| Year 20 | $22,838.32 | $6,385.05 | $130,759.65 |
| Year 21 | $23,877.61 | $5,345.77 | $106,882.04 |
| Year 22 | $24,964.19 | $4,259.19 | $81,917.86 |
| Year 23 | $26,100.21 | $3,123.16 | $55,817.64 |
| Year 24 | $27,287.94 | $1,935.44 | $28,529.71 |
| Year 25 | $28,529.71 | $693.66 | $0.00 |
Estimates only. How we calculate: home price minus your down payment, repaid in equal payments at your rate, with interest compounded semi-annually, as fixed-rate mortgages in Canada usually are. Accelerated payments are your monthly payment split in two (bi-weekly) or four (weekly), which pays the mortgage off sooner. With less than 20% down on a home under $1.5 million, the CMHC default insurance premium (2.80% to 4.00% of the loan, by down payment) is added to the mortgage; in Ontario, Quebec and Saskatchewan, the provincial sales tax on it is due at closing and isn't included. Property tax and other fees are not included.
What Is New Brunswick's Property Transfer Tax?
Buying a home in New Brunswick comes with a 1% real property transfer tax. It's based on the higher of two numbers: your purchase price or the property's assessed value.3 The tax has to be paid before your deed can be registered.
This is the province's version of a land transfer tax, and because it's one flat rate instead of a set of brackets, it's easy to work out.3
| Purchase Price | Tax At 1% |
|---|---|
| $341,700 (provincial benchmark) | $3,417 |
| $364,400 (Fredericton benchmark) | $3,644 |
| $377,400 (Greater Moncton benchmark) | $3,774 |
These numbers are for illustrative purposes only. Actual numbers may vary.
If the assessed value is above what you paid, you'll be taxed on the assessed value instead. Budget for it with your other closing costs, separate from your down payment. On a Greater Moncton home at $377,400, that's $3,774.
Do Rate Changes Move Prices In New Brunswick?
Yes. Interest rates affect how many people are shopping for homes. When borrowing is cheap, more buyers can afford a mortgage, and more competition for the same listings can drive prices higher.
When rates go up, bigger payments push some buyers out, which can slow price growth. New Brunswick sales were already easing before the Bank of Canada's rate increase on October 28, 2026 (2.25% to 2.50%). Only 724 homes sold in September 2026, 12.6% fewer than a year earlier.2
What Drives The Market In New Brunswick?
The same forces shape prices in every province and city. A home is worth what a qualified buyer will pay for it, and several things influence that amount:
Buyer's Market Or Seller's Market
Markets move in cycles. In a seller's market, lots of buyers compete for a small number of homes. In a buyer's market, listings outnumber the people looking, so buyers have more options.
Which one you're in affects how much homes cost. In September 2026, New Brunswick had 5.6 months of inventory, sales were down, and new listings held steady at 1,291.2 For you as a buyer, that means a wider choice of homes and a better chance to bargain on price.
Local Jobs And Incomes
A strong economy usually means low unemployment and rising wages. People with steady, decent incomes have more to spend on assets like a home, which increases demand for housing and can push prices up.
When jobs are hard to find, fewer people buy, and prices can come under pressure.
People Moving To The Province
Immigration, foreign investment in property and people moving here from other provinces can all affect prices. More newcomers means more demand for homes to rent or buy.
That extra demand also reaches construction, real estate and the wider local economy.
Which Parts Of A House Change Its Value?
A few things about the house itself make a big difference:
Neighbourhood
Location is one of the biggest factors in real estate. The same house can be worth much more in a sought-after area than in a less popular neighbourhood, so where it sits plays a direct role in its value.
How Old The Home Is
A newer home in good shape usually sells for more than an older one that needs a lot of work.
Square Footage
There are exceptions, but a bigger home usually costs more than a much smaller one.
Finishes And Upgrades
Buyers tend to pay more for features like granite counters and hardwood floors, which can raise the listing price.
What Budget Makes Sense For A New Brunswick Home?
The right budget is one you can stick to, so start with an honest look at your finances. Before you look at a single listing, know your mortgage affordability. It makes the search faster and keeps you focused on homes you can afford.
Track What You Spend Each Month
Write down every monthly bill and compare the total with your income. Include:
- Utilities
- Car loans and car insurance
- Student loans and personal loans
- Credit card bills
- Groceries and gas
- Entertainment and subscriptions
The amount left over is a rough guide to the monthly mortgage payment you can handle.
Check Your GDS And TDS Ratios
Many lenders use your debt service ratio when they review a mortgage application, so make sure yours falls within their limits. It has two parts:
The Two Ratios Lenders Check
GDS (gross debt service) measures the debt you carry for housing against your income. A GDS over your lender's limit can make approval harder.
TDS (total debt service) measures all of your debt, housing included, against your income. If it's over the lender's limit, you may be approved for less than you hoped.
What Other Costs Should You Plan For In New Brunswick?
The mortgage is just one part of owning a home in New Brunswick. Add these to your budget before making an offer:
| Expense | Details |
|---|---|
| Property taxes | Your municipality sets the tax rate and charges it on your home's assessed value. Moncton's 2026 residential rate is $1.3614 per $100 of assessed value. For a $350,000 assessment, the yearly bill comes to about $4,765.4 |
| Home insurance | Your lender needs the home insured as a condition of the mortgage. |
| Utilities | Heat, power, water and internet come out of your budget each month. |
| Maintenance and repairs | Expect to fix and replace things as the home ages, especially in an older house. |
| Condo fees | Condos charge monthly fees, but those fees take care of some things you'd pay for on your own in a house. |
Getting Ready To Buy In New Brunswick
Homes in New Brunswick cost less than in the other provinces and well under the national average. At the $341,700 benchmark, plan on spending about $1,600 to $2,000 each month on mortgage payments, and a one-time transfer tax of about $3,417. Before you buy, take a close look at your finances and give yourself time to save a solid down payment.
Average House Price In New Brunswick FAQs
How much does the average house in New Brunswick cost?
Are New Brunswick home prices still going up?
How big is the monthly mortgage on a $341,700 home?
What is the property transfer tax rate in New Brunswick?
Why do lenders look at your GDS and TDS?
What costs come with owning a home besides the mortgage?
- Property taxes
- Home insurance
- Utilities
- Maintenance and repairs
- Condo fees (if applicable)
Are New Brunswick prices tied to interest rates?
Sources
- Canadian Real Estate Association (CREA), "National price map and MLS Home Price Index (September 2026)," crea.ca, accessed October 2026.
- New Brunswick REALTORS Association, "MLS home sales statistics for New Brunswick (September 2026)," stats.crea.ca, accessed October 2026.
- Government of New Brunswick, "Real Property Transfer Tax Act (R-2.1)," laws.gnb.ca, accessed October 2026.
- City of Moncton, "City of Moncton maintains tax rate and continues to make strategic investments in key services," moncton.ca, November 6, 2025.
Note: Loans Canada does not arrange, underwrite or broker mortgages. We are a simple referral service.
