Best Mortgage Rates in Fredericton 2026
Compare the lowest rates from Fredericton lenders and find your perfect mortgage
Current Fredericton Mortgage Rates
Updated daily with the best rates from Fredericton-area lenders.
5-Year Fixed Rate
4.31%
Starting from
5-Year Variable Rate
3.86%
Starting from
Fredericton Housing Market Overview
Fredericton is a growing community in New Brunswick with a population of approximately 65,000. The local housing market offers a range of options from detached homes to condos, with average prices reflecting the city's desirability and growth.
Average Home Prices (2026)
Detached Homes
$320,000
Semi-Detached
$260,000
Townhouses
$230,000
Condos
$180,000
Fredericton-Specific Considerations
- Land Transfer Tax: New Brunswick Real Property Transfer Tax: 1% of assessed value or purchase price (whichever is greater).
- Market Trends: Fredericton continues to attract buyers due to its affordable housing compared to larger cities.
- Lender Options: Buyers in Fredericton have access to major banks, local credit unions, and online lenders.
First-Time Home Buyers in Fredericton
Fredericton offers opportunities for first-time buyers with various programs and strategies:
Government Programs
Use the FHSA ($40,000 tax-free savings) and HBP ($60,000 from RRSP) to increase your down payment. New Brunswick Real Property Transfer Tax: 1% of assessed value or purchase price (whichever is greater).
Local Credit Unions
Fredericton has several credit unions that offer competitive rates and first-time buyer programs with flexible qualification criteria.
Work with a Broker
A local mortgage broker can shop 20+ lenders to find the best rate for your Fredericton purchase.
Lenders in Fredericton
Major Banks
RBC, TD, Scotiabank, BMO, CIBC
Established lenders with branches in Fredericton
Credit Unions
Local credit unions
Competitive rates, community focus
Monoline Lenders
MCAP, First National, CMLS
Often lowest rates, broker-only access
Online Lenders
Tangerine, EQ Bank, Motusbank
Digital-first, competitive rates
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Tools for Fredericton Home Buyers
Free calculators to help you plan your Fredericton home purchase. Calculate affordability, payments, taxes, and total costs.