Best Variable Rate
True North Mortgage

True North Mortgage

Term 5 Year
Type Variable Closed
Rate 2.75%
Best Fixed Rate
True North Mortgage

True North Mortgage

Term 5 Year
Type Fixed Closed
Rate 3.39%
BMO Bank of Montreal

BMO Bank of Montreal

Term 5 Year
Type Variable Closed
Rate 4.10%
BMO Bank of Montreal

BMO Bank of Montreal

Term 6 Months
Type Fixed Closed
Rate 4.20%
True North Mortgage

True North Mortgage

Term 1 Year
Type Fixed Closed
Rate 3.39%
BMO Bank of Montreal

BMO Bank of Montreal

Term 5 Year
Type Fixed Closed
Rate 3.69%
First National

First National

Term 5 Year
Type Fixed Closed
Rate 3.79%
Scotiabank

Scotiabank

Term 5 Year
Type Fixed Closed
Rate 5.44%
TD Canada Trust

TD Canada Trust

Term 5 Year
Type Fixed Closed
Rate 5.59%

Moncton mortgage rates

Shopping for a mortgage in Moncton? You’re doing it at the right place and at the right time. Mortgage rates in Moncton are sitting near record lows, and competition among lenders has never been greater. That’s why it’s important to shop around for your mortgage rate at LowestRates.ca — we show you the best rates from over 30 banks and brokers, all in one place.

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 drop in 2016, and buyers will continue to enjoy stable prices in 2017. The average price of a home in the city is just under $170,000, according to the CMHC.

Average Home Prices in Moncton
Source: CMHC
$100k $150k $200k Q1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016 $164,524

After years of steady price growth, the cost of new single-detached homes in Moncton dropped in 2015 and now sit at an average of about $310,000. Forecasters see limited upside in this category due to high inventory levels and the large gap that exists between new and resale home prices.

New Home Prices in Quebec City, Single-Detached
Source: CMHC
$0k $200k $400k 2011 2012 2013 2014 2015 2016 (F)

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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