Best mortgage rates - New Brunswick

RateSupermarket.ca, provides mortgage shoppers in New Brunswick with a simple, easy to use website that enables them to quickly compare the best mortgage rates, and is the only Canadian site to compare mortgage rates from New Brunswick's mortgage brokers, banks, credit unions, trusts and mortgage companies.

Home buyers searching for property in Bathurst, Moncton, Fredericton or Saint John, can use RateSupermarket.ca to find the latest interest rates from the top lenders.

Best mortgage rates

You'll find the best mortgage rates on RateSupermarket.ca listed below by Rate type. Click on the "Get details" button to find out more, or you can compare mortgage rates now to find the best rate in your area.

Best variable closed mortgage rates

Rate type	Rate term	Mortgage rate	Company	Offers & details	Get details
Variable closed Search all	1 Year	2.60%		Full Feature Mortgage. Free Appraisals! 20%/20% Pre Payments.
	3 Years	2.10%		Full Service Mortgage. 20%/20% Pre Payment privileges.
	5 Years	2.00%		25%/25% Pre Payment Privileges. Full Service Mortgage. Free Appraisals!

mortgage rates updated: September 9, 2010 02:30:32

Best variable open mortgage rates

Rate type	Rate term	Mortgage rate	Company	Offers & details	Get details
Variable open Search all	3 Years	3.75%
	5 Years	3.50%		Plus $750 cash back

Mortgage rates updated: September 9, 2010 02:30:32

Best fixed closed mortgage rates

Rate type	Rate term	Mortgage rate	Company	Offers & details	Get details
Fixed closed Search all	6 month	3.75%
	1 Year	2.44%
	2 years	3.25%
	3 years	3.34%		60 Day Ratehold. Pre Approvals OK. Free Appraisals!
	4 years	3.59%
	5 years	3.69%		Full Service Mortgage. Free Appraisals!
	6 years	4.50%
	7 years	4.85%
	8 years	5.13%
	9 years	5.22%
	10 years	5.19%
	15 years	9.55%

Mortgage rates updated: September 9, 2010 02:30:32

Best fixed open mortgage rates

Rate type	Rate term	Mortgage rate	Company	Offers & details	Get details
Fixed open Search all	6 month	6.30%
	1 Year	6.30%
	3 years	6.30%

Mortgage rates updated: September 9, 2010 02:30:32

New Brunswick housing and mortgage overview

The CMHC reports that in New Brunswick's positive net migration, historically high employment levels, rising salaries, and relatively low mortgage rates have bolstered housing demand, allowing the market for new family homes to stop from slowing down, in contrast to the trend across Canada.

New Brunswick's economic growth prospects cool for 2008

The provinces level of economic growth will be negatively affected by the high Canadian dollar and energy prices, in addition to the forecasted US economic slowdown.

As the Canadian dollar is expected to stay strong, New Brunswick's main challenge for future employment prospects will be the need to move people from a manufacturing/export base into the service economy. Employment growth should increase 1% in 2008 and in 2009 as capital investment continues to support growth. Economic growth is expected to decline to 2.0 per cent in 2008 before reaching 2.3 per cent in 2009.

New Brunswick housing resale market to decline in 2008

In 2007, New Brunswick was a good place to be for first time home buyers as they experienced favourable market conditions which provided access to home ownership for this market segment. CMHC forecasts that for MLS sales will decline to 7,750 units in 2008, followed by a smaller decline to 7,500 in 2009.

New Brunswick house prices expected to rise to $142,000 in 2008

Sales activity is expected to slow in the province during the year, however, the average price of homes is still expected to increase to $142,00 in 2008, rising to $146,000 in 2009.

New Brunswick key stats

Source: Stats Canada, Canadian Real Estate Association
2007 E = estimated by the CMHC
* Canada calculation excludes Yukon and Northwest Territories
Data based on application received date
Mortgage approval data are gross and may not fully capture lending activities of credit unions, caisses populaires, other smaller institutions and privately-insured loans in some areas
Quebec data is understated due to low response rate to the surveys in that province.
*Conventional Lending data only

Local Market Indicators

Sources: CMHC, Canadian Real Estate Association, Local Real Estate Boards, Statistics Canada
MLS = Multiple Listings Service