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Variable Rates

As low as

1.89%

Fixed Rates

As low as

1.93%

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Current lowest posted bank rate

1.94%

Focus On

Moncton housing.

The Canada Mortgage and Housing Corporation (CMHC) pronounces Moncton housing to be “among the most affordable in Canada”.

The Moncton market saw a very slight price increase in 2019, and buyers will continue to enjoy stable prices in 2020. The average price of a home in the city is just over $200,000, according to the CMHC.

Variable or fixed mortgage rates: which one is best?

You can save a ton of money by shopping around for a mortgage, but how do the best variable rates compare to the best fixed rates? To find out, we compared the LR.ca 5-year fixed rate mortgages and the LR.ca 5-year variable rate mortgages that Canadians have applied for on our site. Turns out, variable rates have been lower in recent months.

5-year fixed vs. 5-year variable mortgage rates in New Brunswick

MonthFixedVariable
04/20 2.33%2.77%
05/20 2.11%2.46%
06/20 2.04%2.39%
07/20 2.02%2.36%
08/20 2.02%2.33%
09/20 1.95%2.02%
10/20 1.83%1.94%
11/20 1.69%1.73%
12/20 1.72%1.80%

Last Updated: January 1, 2021

 

Average Home Prices in Moncton.

For the past three years, price growth in Halifax’s housing market has been modest. Realtors point to a sluggish economy and a steadily increasing number of active listings. Still, the average existing home price continued to edge higher in 2020, although it will probably rise less than the overall inflation rate.

Average Home Prices in Moncton.

DateHome Prices
Aug 2019$189,800
Sep 2019$191,600
Oct 2019$193,500
Nov 2019$193,000
Dec 2019$193,600
Jan 2020$195,600
Feb 2020$198,400
Mar 2020$200,400
Apr 2020$202,800
May 2020$204,200
Jun 2020$207,700
Jul 2020$210,800
Aug 2020$213,600

Last Updated: October 19th, 2020

After years of steady price growth, the cost of new single-detached homes in Moncton increased slightly in 2020 and now sits at an average of about $213,600. Forecasters see limited upside in this category due to high inventory levels and the large gap that exists between new and resale home prices.

About Moncton.

Located in southeastern New Brunswick, Moncton is at the geographic centre of the Maritimes. It’s also the former railway and land transportation hub for the region, hence its nickname, "Hub City." The city offers visitors and locals everything from family outing destinations to an array of cultural venues and art installations. Moncton also boasts a strong economy and an unemployment rate under 6%, well below the national average.

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