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Check out today's best mortgage rates in Canada by type and term.
| Insured ? | 80% LTV ? The rates in this column apply to mortgage amounts between 65.01% and 80% of the property value. The home must be owner-occupied and have an amortization of 25 years or less. You must have purchased it for less than $1 million. These rates are not available on refinances. Refinances require "Uninsured" rates. | 65% LTV ? The rates in this column apply to mortgage amounts that are 65% of the property value or less. The home must be owner-occupied and have an amortization of 25 years or less. You must have purchased it for less than $1 million. These rates are not available on refinances. Refinances require "Uninsured" rates. | Uninsured ? | Bank Rate ? | ||
|---|---|---|---|---|---|---|
Insured 4.64% | 80% LTV 4.19% | 65% LTV 4.19% | Uninsured 4.99% | 4.99% | ||
Insured 3.99% | 80% LTV 3.89% | 65% LTV 3.89% | Uninsured 4.44% | 4.53% | ||
Insured 3.69% | 80% LTV 3.79% | 65% LTV 3.79% | Uninsured 3.9% | 4.39% | ||
Insured 3.84% | 80% LTV 3.99% | 65% LTV 3.99% | Uninsured 4.39% | 4.44% | ||
Insured 3.69% | 80% LTV 3.55% | 65% LTV 3.55% | Uninsured 3.69% | 4.19% | ||
Insured 4.19% | 80% LTV 4.24% | 65% LTV 4.24% | Uninsured 4.89% | 5% | ||
Insured 5.04% | 80% LTV 4.34% | 65% LTV 4.34% | Uninsured 5.24% | 6.09% | ||
Insured 3.9% | 80% LTV 3.95% | 65% LTV 3.9% | Uninsured 3.9% | 5.95% | ||
Insured 3.45% | 80% LTV 3.45% | 65% LTV 3.45% | Uninsured 3.5% | 4.24% | ||
Insured N/A | 80% LTV N/A | 65% LTV N/A | Uninsured N/A | N/A | ||
Insured 5.45% | 80% LTV 5.45% | 65% LTV 5.45% | Uninsured 5.5% | N/A |
There are three main drivers behind mortgage rates in Moncton and Canada at large:
The Bank of Canada influences mortgage rates through its policy rate. The Bank’s objective is to keep inflation in the target range of 1% to 3% and preserve the value of the Canadian dollar. It achieves this by setting the target overnight rate, also known as the policy rate.
As of today, the policy rate is 2.25%. The central bank uses the target rate to influence how the banks set their own rates and acts as a barometer for the rate at which banks borrow and lend among themselves.
The higher the inflation, particularly if it’s above 3%, the higher the likelihood of a rate hike. Though inflation does not directly affect mortgage rates, the Bank tends to raise rates to cool down economic activity and force homebuyers to retreat from the market. It’s worth noting that government bond yields, which influence fixed rates, are affected by inflation as well, in addition to factors like oil prices, geopolitical tensions and broader economic conditions (which currently remain uncertain).
Banks, credit unions, monoline lenders and other financial institutions compete to attract borrowers across Moncton and beyond. During competitive market conditions, lenders may offer better rates. Shopping around and comparing multiple lenders — including local New Brunswick credit unions like UNI Financial Cooperation and Omista Credit Union — can often result in a better mortgage rate.
As lenders review your mortgage application, they take several factors into account as they decide whether to approve it, and if so, what mortgage interest rates to offer you.
Here are the main factors lenders use to calculate your Moncton home mortgage rate:
1. Down payment
The size of your down payment affects both the size of your mortgage loan and the mortgage rates you will be offered. Lenders generally offer the lowest Moncton mortgage rates when homebuyers make larger down payments relative to the cost of the home. In Canada, homebuyers have to make a down payment of at least 5% to 20% of the home’s purchase price. The federal government sets some additional rules about the size of the down payment you need to make based on the home’s cost:
Remember, if your down payment is less than 20% of the home’s cost, you will need to budget for the required Canada Mortgage and Housing Corporation (CMHC) mortgage insurance.
2. Credit score
Another important factor lenders look at when setting mortgage interest rates for your Moncton home purchase is your credit score. Credit scores can range from 300 to 900, with higher scores indicating a stronger credit history (more experience using credit, as well as a positive payment history, among other factors). Financial institutions set their own minimum credit score requirements for mortgage loans, but most major Canadian lenders require at least a 600. CMHC's minimum credit score to provide mortgage insurance is 680, so you will need to clear this figure if your down payment is less than 20% of the purchase price, triggering the mortgage insurance requirement.
3. Employment and income
Mortgage lenders want to know what income you will use to make payments on the loan, so they will ask for information about your income sources and amounts and your employment history. Banks usually see full-time and longer-term employment as less risky than part-time work and self-employment. These factors in addition to the size of your paychecks may help you qualify for your Moncton mortgage loan as well as cheaper mortgage rates.
If you are self-employed, you will need to provide additional documents describing your business and its finances. Lenders may ask for three years of tax returns, the most recent Notice of Assessment from the Canada Revenue Agency showing you don’t owe any back HST or GST payments, the business articles of incorporation and proof you are a principal owner in the business, your GST or business license, your business’s credit score and other records, like a cash flow statement, balance sheet and client contracts showing projected future income.
4. Debt service ratios: Along with the size of your down payment, credit score, employment and income, mortgage companies in Moncton will also consider two other factors when setting your mortgage interest rates. These are called debt ratios for short and there are two different types.
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How do these mortgage types differ? Conventional (low-ratio) mortgage requires a down payment of 20% or more, with no mandatory insurance, while a high-ratio mortgage requires a down payment of below 20%, plus mandatory insurance.
Which mortgage type offers cheaper rates? As of September 2026, the average conventional 5-year fixed rate is 4.38%. That’s 5 bps above the average high-ratio 5-year fixed rate, which stands at 4.33%.
| Date | Average Conventional Rate | Average High Ratio Rate |
|---|---|---|
| 12/24 | 4.79% | 4.56% |
| 01/25 | 4.80% | 4.60% |
| 02/25 | 4.80% | 4.57% |
| 03/25 | 4.68% | 4.45% |
| 04/25 | 4.67% | 7.99% |
| 05/25 | 4.75% | 4.62% |
| 06/25 | 4.73% | 4.63% |
| 07/25 | 4.60% | 4.40% |
| 08/25 | 4.61% | 4.44% |
| 09/25 | 4.53% | 4.44% |
| 10/25 | 4.49% | 4.36% |
| 11/25 | 4.38% | 4.33% |
Last Updated: September 1, 2026
How do these mortgage rates differ? A fixed rate mortgage is a rate fixed over a period of time. Interest rates and the mortgage payments remain the same (and consistent) over that mortgage term. A variable rate mortgage is different. While the mortgage payment remains constant, the interest rate payments fluctuate with the prime interest rate.
Which rate is cheaper? As of September 2026, the 5-year fixed rate is 4.65%. That’s 21 bps above the 5-year variable rate, which stands at 4.44%.
| Month | Fixed | Variable |
|---|---|---|
| 12/24 | 4.77% | 5.30% |
| 01/25 | 4.82% | 5.14% |
| 02/25 | 4.70% | 4.90% |
| 03/25 | 4.60% | 4.75% |
| 04/25 | 7.99% | 7.99% |
| 05/25 | 4.74% | 4.88% |
| 06/25 | 4.73% | 4.85% |
| 07/25 | 4.57% | 4.86% |
| 08/25 | 4.54% | 4.85% |
| 09/25 | 4.62% | 4.69% |
| 10/25 | 4.64% | 4.55% |
| 11/25 | 4.65% | 4.44% |
Last Updated: September 1, 2026
New mortgage loan values have been trending upward throughout 2025, reaching the average of $253,516 in Moncton and $360,597 in Canada by the end of Q4 2025.
Here are all the average new mortgages loan values in Moncton from 2022 to 2025:
| Q1 – 2022 | Q2 – 2022 | Q3 – 2022 | Q4 – 2022 | Q1 – 2023 | Q2 – 2023 | Q3 – 2023 | Q4 – 2023 | Q1 – 2024 | Q2 – 2024 | Q3 – 2024 | Q4 – 2024 | Q1 – 2025 | Q2 – 2025 | Q3 – 2025 | Q4 – 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Canada | $368,936 | $371,063 | $363,654 | $325,612 | $320,298 | $314,540 | $338,522 | $327,899 | $323,537 | $332,825 | $349,364 | $343,271 | $356,831 | $350,281 | $360,986 | $360,597 |
| Moncton | $211,568 | $216,255 | $226,745 | $206,906 | $211,870 | $207,399 | $223,300 | $230,812 | $222,899 | $228,705 | $245,795 | $240,819 | $233,739 | $237,642 | $250,904 | $253,516 |
Scheduled monthly payments have been trending downward throughout 2025, reaching the average of $1,455 in Moncton by the end of Q4 2025.
| Q1 – 2022 | Q2 – 2022 | Q3 – 2022 | Q4 – 2022 | Q1 – 2023 | Q2 – 2023 | Q3 – 2023 | Q4 – 2023 | Q1 – 2024 | Q2 – 2024 | Q3 – 2024 | Q4 – 2024 | Q1 – 2025 | Q2 – 2025 | Q3 – 2025 | Q4 – 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $1,074 | $1,147 | $1,263 | $1,265 | $1,330 | $1,307 | $1,422 | $1,511 | $1,470 | $1,474 | $1,552 | $1,477 | $1,415 | $1,384 | $1,460 | $1,465 |
Closing costs are the one-time fees buyers pay upon purchasing property in Moncton. Generally, closing costs include:
New Brunswick, and by extension, Moncton, charges a land trasnfer tax that equals to 1% of your purchase price.
The amortization period is the full life of your mortgage loan, whereas the mortgage term is the period you are committed to a specific lender.
Along with deciding between a fixed-rate and variable-rate mortgage for your Moncton home purchase, the other major decision you’ll need to make about the kind of mortgage to get is choosing between an open vs. a closed mortgage. Open and closed mortgages differ in how flexible they are about the timeframe for repayment.
It’s smart to seek out the lowest mortgage rates available today for your Moncton home, but keep in mind there are a number of factors to consider when shopping for any mortgage product. Here are a few other items to keep in mind.
LowestRates.ca works with top banks and brokers to bring you the best mortgage rates in Canada, including Moncton. All you have to do is answer a few questions, and in minutes you’ll be provided with today’s mortgage rates for Moncton. There’s no obligation, but you can choose to speak with our broker partner to secure your best rate and see if you're eligible for more savings.
Yes, it’s safe — you no longer need to visit a bank branch or mortgage broker’s office in person to apply for a mortgage. It’s becoming increasingly common for Canadians to apply for mortgages online. LowestRates.ca only works with reputable, trustworthy financial institutions. Your credit score won’t be affected and your information is secure. We don’t share your information with anyone unless you want to connect with a mortgage broker. We take care of the heavy lifting by comparing the market for you and can connect you with the best mortgage lenders not only in Moncton, but across the country.
We have a strong selection of lenders on LowestRates.ca including the big banks and many independent providers and we’re adding more lenders all the time. This ensures we’re always delivering you a competitive rate. Even if you’re not ready to commit to anything, you can use our site as a starting point for research (it’s totally free, and you’re under no obligation).
The better informed you are, the more likely you'll negotiate a better deal for yourself. And, really, that’s what we care about the most.
Taras Trofimov
About the Author
Taras is the Content Manager for LowestRates.ca. He has produced thought leadership content for organizations like Constellation Software, Facebook and Yellow Pages as well as outlets like The Globe and Mail, Autoblog and MSN Autos.
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