Mortgage Rates in Saint John, NB — 2025

Compare current fixed and variable mortgage rates for Saint John homebuyers and refinancers.

Saint John Housing Market 2025

Saint John remains one of the most affordable housing markets in Atlantic Canada. The average home price in Saint John in 2025 is approximately $275,000 — significantly below the national average and even below Fredericton and Moncton. This affordability has attracted attention from buyers in more expensive markets, particularly those who can work remotely. The port economy and Irving-sector employment provide stable underlying demand.

Current Mortgage Rate Ranges (2025)

Rate Type	Term	Typical Range
Fixed	1 Year	5.29% – 5.99%
Fixed	2 Year	5.09% – 5.79%
Fixed	3 Year	4.89% – 5.59%
Fixed	5 Year	4.69% – 5.29%
Variable	5 Year	Prime – 0.5% to Prime + 0.5%

Rates are indicative. Always compare at least 3 lenders or use a mortgage broker.

Mortgage Costs on a $275,000 Saint John Home

Down Payment	CMHC Insurance	Mortgage Amount	Monthly Payment (5yr, 5%)
5% ($13,750)	$10,412	$271,662	~$1,584/mo
10% ($27,500)	$7,193	$254,693	~$1,486/mo
20% ($55,000)	$0	$220,000	~$1,283/mo

Lenders Active in Saint John

All five major banks have mortgage operations in Saint John. Atlantic Central credit unions offer competitive rates for members, often 0.1–0.3% below posted bank rates. Mortgage brokers in Saint John — including national brokers like Dominion Lending Centres and Mortgage Alliance — can access specialty lenders including mono-line lenders that often offer the lowest rates available in NB.

NB Mortgage Incentives

• First-time buyer LTT rebate up to $3,000 (provincial)
• Federal First Home Savings Account: $8,000/year, $40,000 lifetime, tax-free withdrawals for first home
• RRSP Home Buyers' Plan: withdraw up to $35,000 tax-free
• First-Time Home Buyer Tax Credit: up to $1,500 federal credit

Tips for Saint John Mortgage Shoppers

• Saint John's lower prices mean smaller down payments and lower monthly costs than most of Canada
• Older Saint John homes (pre-1970) may require additional financing for updates — factor this in
• Ask your broker about insured vs. insurable vs. uninsurable mortgage categories — they affect available rates
• Industrial area proximity (Irving refinery) can affect property values and insurability