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%

Saint John mortgage rates

Saint John mortgage rates remain near all-time lows, so now is a great time to apply for a mortgage, renew your loan, or refinance in the city. It’s no secret that lenders in Saint John (and in New Brunswick generally) are competing hard for new business right now, which means borrowers are getting some of the best discount mortgage rates in the country.

Saint John housing

Recently, the housing market in Saint John has been very stable. The Canada Mortgage and Housing Corporation (CMHC) says both home starts and home sales have fallen over the past two years, while prices have risen, albeit modestly. The average price of a home in Saint John is now just above $170,000. Realtors point to low mortgage rates as the main reason why prices have held up in the face of declining overall housing activity.

The CMHC expects home sales in Saint John to slow down in 2017 as the Canadian economy gains remain slow in the region and as falling commodity prices reduce employment.

Average Home Prices in Saint John
Source: CMHC
$100k $200k Q1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016 $172,747

When it comes to new homes, prices have risen slightly in Saint John, with buyers paying $364,000 on average for a detached house in 2016.

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

About Saint John

Saint John is the largest city in New Brunswick and the second largest city in the Maritimes. It’s also a town that boasts many awards, including being a Top 7 Intelligent Community in 2012 and CBC Maritime's Cultureville in 2011.

Four times regarded as "Canada's Most Affordable City" by Runzheimer Canada and the CMHC, homebuyers in Saint John enjoy a generally stable housing market with prices that are well below the national average.

More ways to find a great rate