Latest Mortgage Rates Canada

Compare current rates from Canada's top lenders including Big 6 Banks and monoline lenders. Updated twice daily.

Mortgage Rates in Saint John

National mortgage rates and New Brunswick transfer tax notes for Saint John.

Current mortgage rates for Saint John shoppers

These are live national postings from lenders we track (updated Sep 16, 2026)—not a made-up “average Saint John rate.” Lenders generally price the product and the borrower, not the city. Closing costs in Saint John still follow New Brunswick tax rules below.

Best 5-year fixed we track

4.06%

Coast Capital Savings · insured

Best 5-year variable we track

3.44%

Meridian Credit Union · insured

Compare all live rates →5-year fixed hub

Buying or renewing in Saint John

Saint John, New Brunswick uses the same 1% provincial transfer tax as Moncton and Fredericton. Rates are national.

The 1% tax uses the greater of sale price and assessed value—an assessed value above the contract price can increase the tax.

New Brunswick real property transfer tax

New Brunswick charges a real property transfer tax of 1% of the greater of the purchase price and the assessed value (Service New Brunswick). Saint John buyers should treat that 1% as a core closing cost alongside legal fees. There is no Ontario-style first-time LTT refund.

Tax rules change. Confirm with your lawyer or notary before you go firm. Figures here match provincial/municipal programs we cite in the pull request notes—not an invented Saint John average price.

New Brunswick closing costs calculator →

First-time buyers in Saint John

Budget New Brunswick’s 1% transfer tax in cash when you buy in Saint John. Use FHSA and HBP for the down payment if you qualify.

FHSA

The First Home Savings Account lets eligible first-time buyers contribute up to $8,000 a year (lifetime $40,000). Contributions are tax-deductible and qualifying withdrawals for a first home are tax-free.

Home Buyers’ Plan

The RRSP Home Buyers’ Plan lets eligible first-time buyers withdraw up to $60,000 per person (couples can combine) to buy or build a home, then repay it over 15 years.

Stress test

Federally regulated lenders must qualify you at the greater of your contract rate plus 2% or the Bank of Canada’s qualifying rate. Run the numbers before you shop listings.

Renewing a mortgage in Saint John

Compare Saint John renewal offers with national 5-year fixed and variable rates. Penalties still matter if you break early.

Shop before the lender’s offer

Your current lender’s renewal letter is a starting point, not a ceiling. Compare it with today’s posted 5-year fixed and variable rates on this site, then ask them to match.

Know the break cost

If you refinance or switch before maturity, the penalty can wipe out the rate savings. Estimate it with the penalty calculator before you sign a new term.

Saint John mortgage FAQs

How much land transfer tax is there in Saint John?

New Brunswick’s real property transfer tax is 1% of the greater of purchase price and assessed value. Confirm the assessed value on the property before you finalize cash-to-close.

Do first-time buyers get a transfer-tax rebate in New Brunswick?

There is no Ontario-style first-time LTT refund. Federal FHSA and Home Buyers’ Plan still apply if you are eligible.

Where should I compare Saint John mortgage rates?

Start with the live snapshot on this page, then open the 5-year fixed, variable, insured, and uninsured hubs. Open individual lender pages for the names you are considering. We do not invent a Saint John-only average rate.

Does the mortgage stress test change in Saint John?

No. Federally regulated lenders use the same qualifying-rate rules across Canada. Local taxes change cash-to-close, not the stress-test formula. Use the stress-test qualifier with your actual payment estimate.