Current New Brunswick Mortgage Rates

Rates updated as of December 3, 2020 11:20:01

Nesto Mortgage Rates

TermFixed
1-YR1.71%Mortgage financing companyGet this rateCompare all rates
2-YR1.69%Mortgage financing companyGet this rateCompare all rates
3-YR1.63%Mortgage financing companyGet this rateCompare all rates
4-YR1.68%Mortgage financing companyGet this rateCompare all rates
5-YR1.49%Mortgage financing companyGet this rateCompare all rates
6-YR2.59%Big bankGet this rateCompare all rates
7-YR2.18%Mortgage financing companyGet this rateCompare all rates
10-YR2.79%Mortgage financing companyGet this rateCompare all rates
Show more
TermVariable
1-YRNo rates at the moment
2-YRNo rates at the moment
3-YR2.35%Mortgage financing companyGet this rateCompare all rates
4-YRNo rates at the moment
5-YR1.50%Mortgage financing companyGet this rateCompare all rates
6-YRNo rates at the moment
7-YRNo rates at the moment
10-YRNo rates at the moment
Show more

Broker Mortgage Rates

TermFixed
1-YR1.74%First NationalGet this rateCompare all rates
2-YR1.69%MCAPGet this rateCompare all rates
3-YR1.69%MCAPGet this rateCompare all rates
4-YR1.74%First NationalGet this rateCompare all rates
5-YR1.69%First NationalGet this rateCompare all rates
7-YR2.34%CMLS FinancialGet this rateCompare all rates
10-YR2.95%First NationalGet this rateCompare all rates
Show more
TermVariable
1-YRNo rates at the moment
2-YRNo rates at the moment
3-YR2.45%CMLS FinancialGet this rateCompare all rates
4-YRNo rates at the moment
5-YR1.70%CMLS FinancialGet this rateCompare all rates
7-YRNo rates at the moment
10-YRNo rates at the moment
Show more

Mortgage Rates with HELOC

TermFixed
1-YR2.54%HELOC ratePrime +1.00%ScotiabankGet this rateCompare all rates
2-YR2.34%HELOC ratePrime +1.00%ScotiabankGet this rateCompare all rates
3-YR2.24%HELOC ratePrime +1.00%ScotiabankGet this rateCompare all rates
4-YR2.19%HELOC ratePrime +1.00%ScotiabankGet this rateCompare all rates
5-YR1.89%HELOC ratePrime +1.00%ScotiabankGet this rateCompare all rates
7-YR2.54%HELOC ratePrime +1.00%ScotiabankGet this rateCompare all rates
10-YR2.94%HELOC ratePrime +1.00%ScotiabankGet this rateCompare all rates
Show more
TermVariable
1-YRNo rates at the moment
2-YRNo rates at the moment
3-YR3.20%HELOC ratePrime +1.00%ScotiabankGet this rateCompare all rates
4-YRNo rates at the moment
5-YR1.70%HELOC ratePrime +1.00%ScotiabankGet this rateCompare all rates
7-YRNo rates at the moment
10-YRNo rates at the moment
Show more

Bank Mortgage Rates

TermFixed
1-YR2.54%ScotiabankGet this rateCompare all rates
2-YR2.14%Equitable BankGet this rateCompare all rates
3-YR2.14%TD BankGet this rateCompare all rates
4-YR2.04%TD BankGet this rateCompare all rates
5-YR1.79%Equitable BankGet this rateCompare all rates
6-YR2.69%TD BankGet this rateCompare all rates
7-YR2.54%ScotiabankGet this rateCompare all rates
10-YR2.94%ScotiabankGet this rateCompare all rates
Show more
TermVariable
1-YRNo rates at the moment
2-YRNo rates at the moment
3-YR3.20%ScotiabankGet this rateCompare all rates
4-YRNo rates at the moment
5-YR1.70%ScotiabankGet this rateCompare all rates
6-YRNo rates at the moment
7-YRNo rates at the moment
10-YRNo rates at the moment
Show more

About New Brunswick

New Brunswick is a province in eastern Canada, and the largest of Canada’s three Maritime provinces and four Atlantic provinces. A bilingual province, about two thirds of the population declare themselves anglophones and one third francophones.

Key facts about New Brunswick:

  • Home to the warmest saltwater beaches north of Virginia
  • Has the world’s largest lobster. The sculpture is 11 metres long, five metres tall and weighs in at an astonishing 90 tonnes (about 198,416 pounds)! You’ll find the lobster in Shediac, aptly dubbed “The Lobster Capital of The World”
  • McCain Foods Limited , the multi-billion dollar company famous for its frozen french fries, is Canadian born. The McCain brothers’ first french fry plant was created in 1957 in their hometown of Florenceville. One third of the world’s french fries come from New Brunswick
  • The largest whirlpool in the Western Hemisphere, and the second largest in the world (the Maelstrom Whirlpool of Norway holds the title of the world’s largest whirlpool) can be found between Deer Island and Indian Island, and can be viewed from Eastport, Maine. The whirlpool is called “Old Sow” because of the sounds it produces 
  • The University of New Brunswick was the first English-speaking university in Canada and is tied with the University of Georgia as the oldest university in North America

 

About the New Brunswick Housing Market

New Brunswick experienced a decline in sales activity at the onset of the COVID-19 lockdowns in mid-March, however home sales quickly resumed in the second week of April. Sales activity is still going strong in the region and is expected to continue into the fall market. Prices in Saint John have continued to climb and are anticipated to increase 7% through the remainder of 2020, due to lack of inventory, pent-up demand and high cost of building materials all impacting the bottom line. Recreational markets within Saint John, such as Rothesay and Kingston, have experienced normal levels of activity that are common throughout the summer months. Waterfront properties in these regions have always been in demand from local buyers, and this interest is expected to remain the same, even during the pandemic.

 

What are the Different Types of Mortgages?

  • Fixed Mortgages. Fixed-rate mortgages make up 70% of all mortgages in Canada. A fixed-rate mortgage keeps your interest rate steady over the term of your mortgage (1-10 years). There’s no doubt that the five-year fixed-rate mortgage is the most common choice selected by Canadian homeowners. But, this isn’t the best option for everyone, regardless of its popularity. Fixed-rate mortgages appeal to homebuyers who are looking for a dependable payment schedule, manage a tight monthly budget or are generally more conservative. For instance, Millennials with large mortgages relative to their income may be better off opting for the peace of mind provided by a fixed rate and payments. 
  • Variable Mortgages. A variable-rate mortgage fluctuates with the lender’s prime rate throughout your mortgage term. While your mortgage payment will remain the same over your term, your interest rate may change based on market conditions. So, if the prime rate rises or falls, this impacts the amount of principal you pay off each month. When rates on variable-rate mortgages drop, more of your payment is applied to your principal balance. And, conversely, if rates increase, more of your payment will go towards the interest portion of your mortgage. Historically, variable rates have paid off for Canadians over time.

 

How nesto Works

We offer all the help of a mortgage broker, without the commission. Simply put, our salaried mortgage advisors are rewarded based on your satisfaction. We’re here to help you reach your goal and guide you through the complicated world of home financing. #yesyoucan #empowermentisthenewsexy

Every mortgage professional knows the market’s best rates every time they check their email. Only a few of them will give you that rate without making you work for it. nesto’s here to change the industry for this very reason. You always get the best rate upfront with nesto.

New Brunswick Mortgage payment calculator