New Brunswick charges a 1% deed transfer tax on assessed value — not purchase price. Use this calculator to estimate your Moncton land transfer costs.
KOHO gives Moncton residents a no-fee bank account with cash back on groceries and gas. Perfect when you're saving for a home in the Maritimes. Use code 45ET55JSYA for a bonus.
Get KOHO Free — Use Code 45ET55JSYANew Brunswick's deed transfer tax is a provincial tax collected at the time of property registration. Unlike Nova Scotia which applies the tax to the purchase price, New Brunswick charges 1.0% based on the assessed value of the property as determined by Service New Brunswick's assessment office.
The assessed value and purchase price are often different. Assessed values are typically set annually by the provincial assessment system and may be higher or lower than the actual purchase price. In some cases, particularly in Moncton's hot real estate market, purchase prices have risen significantly above assessed values — which can mean the deed transfer tax is calculated on a lower figure than you paid.
| Assessed Value | NB DTT Rate | Tax Payable |
|---|---|---|
| $250,000 | 1.0% | $2,500 |
| $300,000 | 1.0% | $3,000 |
| $350,000 | 1.0% | $3,500 |
| $400,000 | 1.0% | $4,000 |
| $500,000 | 1.0% | $5,000 |
| $600,000 | 1.0% | $6,000 |
| $750,000 | 1.0% | $7,500 |
One of Moncton's advantages over Halifax for home buyers is the lower deed transfer tax. While Halifax applies 1.5% to the full purchase price, Moncton applies 1.0% to the assessed value. On comparable homes, this difference can save Moncton buyers thousands of dollars at closing. On a $450,000 home (with assessed value of $400,000), Moncton buyers pay $4,000 in deed transfer tax while Halifax buyers would pay $6,750 — a saving of $2,750.
Moncton's real estate market has been one of the hottest in Atlantic Canada over the past five years. Strong population growth, driven by immigration and interprovincial migration, has pushed home prices higher while keeping them more affordable than Ontario and BC markets. The combination of lower land transfer tax costs, lower average home prices than Halifax, and strong rental demand makes Moncton an attractive option for first-time buyers in Atlantic Canada.
When buying a home in Moncton, budget for the following closing costs beyond your down payment:
Total closing costs typically range from $6,000 to $100 for an average Moncton home purchase — significantly less than comparable Toronto or Vancouver purchases.
The combination of KOHO for daily cash back and EQ Bank for high-interest savings is an effective way to build both your down payment and closing cost reserves. KOHO's cash back on groceries and gas adds up quickly, while EQ Bank's high savings rate helps your down payment grow faster than it would in a typical big bank savings account. Start a separate savings goal specifically for closing costs — do not combine it with your down payment savings.