Everything to know about New Brunswick(NB) Land Transfer Tax to buy a house in the province: Use the New Brunswick land transfer tax calculator below to estimate your tax amount.
Canada’s officially bilingual province, New Brunswick, has a quality of life that could perfectly suit your lifestyle. New Brunswick has small-town communities, big-city amenities, family-oriented recreation, and a thriving art and culture environment.
This province boasts of its natural attractions like the Bay of Fundy, which has the highest tides in the world, magnificent rivers, rolling farmland, and lush forests. Its wonderful countryside is within minutes of commute, and its bilingual educational system and low childcare costs are why 790,000 call New Brunswick home.
New Brunswick is a destination for downsizers – people who desire a more straightforward, no-frills lifestyle amidst a land teeming with lakes and forests. The province has one of the cheapest real estate in the country. If you currently own a home in one of the expensive cities in Ontario, Alberta, or British Columbia, you can be mortgage-free by selling your house and buying in New Brunswick because of its low house prices.
The province has one of the lowest house prices in the country. According to CREA’s August 2022 data, the New Brunswick average house price is $270,000. If you prefer big-city living, the home prices in its major cities are still the lowest in the country. Average house prices in the Fredericton area are $271,668; Greater Moncton is $303,089, and Saint John is $280,492.