Fredericton is New Brunswick's provincial capital and home to the University of New Brunswick and St. Thomas University. The civil service sector provides economic stability and steady real estate demand.
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New Brunswick levies a provincial deed transfer tax of 1% on the full purchase price of all property transfers, administered through Service New Brunswick. There is no municipal deed transfer tax on top of this, and no provincial first-time buyer rebate.
New Brunswick's 1% provincial deed transfer tax applies to all Fredericton property transfers. As the provincial capital, Fredericton administers the tax through Service New Brunswick.
At Fredericton's estimated 2026 median home price of $320,000, the deed transfer tax works out to approximately $3,200.00. Compare this to what you would pay buying the same-priced home in other provinces:
Atlantic provinces offer some of the lowest property transfer costs in Canada. Buyers relocating from Ontario or British Columbia keep thousands of dollars more in their pockets at closing.
A deed transfer tax (sometimes called a deed transfer tax, land recording fee, or property transfer tax) is a one-time charge paid by the buyer when ownership of real property changes hands. It is paid at closing, in addition to legal fees, home inspection costs, and any mortgage insurance.
In New Brunswick, the deed transfer tax is calculated as 1% of purchase price. Unlike Ontario and British Columbia, New Brunswick does not offer a rebate for first-time homebuyers at the provincial level.
The deed transfer tax is due on the closing date of your real estate transaction, typically paid through your real estate lawyer or notary. Your lawyer will collect the funds and remit them to the appropriate authority on your behalf.
Beyond the deed transfer tax, buyers in Fredericton typically face these additional closing costs:
Unlike Ontario (which offers up to $4,000 back for first-time buyers) and British Columbia (up to $8,000), New Brunswick does not have a provincial first-time homebuyer deed transfer tax rebate. All buyers pay the full amount regardless of whether it is their first purchase.
However, the lower home prices and lower base tax rates in Atlantic Canada mean that the actual dollar amount paid is still significantly less than in major Ontario or BC markets in most cases.
For a broader overview of Canadian land transfer taxes across all provinces, visit the bremo.io Land Transfer Tax Calculator — the most comprehensive Canadian LTT resource online.
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