New Brunswick consistently ranks as one of Canada's most affordable provinces for real estate. With average home prices well below $400,000 and a simple 1% deed transfer tax, NB offers exceptional value — especially in fast-growing Moncton.
New Brunswick has undergone a significant real estate transformation since 2020. Once viewed as a "pass-through" province, NB has attracted considerable interprovincial migration — particularly to the Greater Moncton area — as remote workers and retirees discover its combination of affordability, quality of life, and growing amenities.
Moncton has been the standout performer, with some of the strongest price appreciation in Atlantic Canada driven by its bilingual workforce, excellent transportation links (airport, highway, rail), and rapidly growing tech and healthcare sectors. Saint John and Fredericton also offer strong value, though with more modest growth.
New Brunswick's deed transfer tax of 1% flat is one of the simplest and most transparent in Canada — and at under $3,500 on a typical NB home purchase, it remains modest compared to Ontario or BC land transfer taxes.
Atlantic Canada's fastest-growing city. Strong rental and buyer demand.
Fastest-growing NB city, bilingual, excellent commercial development.
Family-friendly south Moncton suburb across the Petitcodiac River.
Fast-growing Saint John suburb, new housing, excellent schools.
Provincial capital, university town, government employment base.
Industrial heritage, waterfront renewal, most affordable NB city.
The 1% deed transfer tax is New Brunswick's only property transfer tax. There is no additional provincial land transfer tax and no municipal deed transfer tax. The 1% applies to the full purchase price with no graduated brackets.
No first-time buyer rebate — unlike Manitoba or Ontario, New Brunswick does not offer a rebate on the deed transfer tax for first-time buyers. Federal programs (FHSA, RRSP HBP) still apply.
Legal fees and closing costs — budget $1,500–$2,500 for legal fees in addition to the deed transfer tax, home inspection ($400–$600), and title insurance (~$200–$300).
Bilingual requirements — New Brunswick is Canada's only officially bilingual province. Many documents and services are available in both English and French.