Mortgage broker in New Brunswick
What buying costs in New Brunswick on the September 2026 benchmark price, the real property transfer tax and the province’s own programs — then a call, and the file is worked remotely from Bedford.
Who is a licensed mortgage broker in New Brunswick?
Indi, The Independent Mortgage Company Ltd. is licensed as a mortgage brokerage in New Brunswick, and Oickle Mortgages is its practice in Bedford, Nova Scotia. Riley Oickle, Associate Mortgage Broker (Nova Scotia), is your point of contact; one of Indi’s New Brunswick-licensed brokers completes the file, with 33 lenders and no fee on a standard residential mortgage.
What buying costs in New Brunswick
Worked on the September 2026 benchmark price that New Brunswick REALTORS® publishes. Your own price, and your municipality, change the figures; the lawyer’s statement of adjustments is the final word.
| Benchmark price (MLS® HPI) | $341,700 | New Brunswick REALTORS® (CREA board statistics), September 2026, +2.7% on a year earlier. The board publishes a benchmark, not an average sale price |
|---|---|---|
| Minimum down payment | $17,085 | Insured: 5% of the first $500,000 and 10% of the remainder (1–2 units) |
| Real property transfer tax | $3,417 | 1% of the greater of the price and the assessed value (Real Property Transfer Tax Act) |
| Land Titles registration | $170 | $85 for the deed and $85 for the mortgage ($84 + $1 assurance each), before HST |
| Other closing costs, est. | $3,417 | Legal, appraisal and inspection, estimated at 1% of the price; your lawyer quotes the real figure |
| Cash to buy | $24,089 | Down payment plus the government charges plus the estimate; the CMHC premium is financed, not paid at closing |
Every community in New Brunswick
The process is the same wherever you are buying in New Brunswick: remote, with an appraiser who covers the property’s area and your own New Brunswick lawyer at closing. The largest communities, by 2021 Census population:
Largest communities (Statistics Canada, 2021 Census, Table 98-10-0002-01)
Edmundston
Edmundston (16,437 people in 2021, before it took in Rivière-Verte in 2023) is a mill city: Twin Rivers Paper’s pulp mill employs more than 280 people and pipes all its pulp to the company’s paper mill in Madawaska, Maine. The 2026 residential rate in the core city is $1.6350 per $100; Rivière-Verte pays $1.4606, and the former Saint-Jacques and Saint-Joseph areas $0.9164 plus a $0.4115 provincial road rate.
Campbellton
Campbellton counted 7,047 people in 2021; since 1 January 2023 it also includes Atholville and Tide Head. The Campbellton Regional Hospital is the 163-bed regional hospital for the Restigouche, and AV Group said its Atholville pulp mill was not affected when it announced the temporary idling of its Nackawic mill in September 2026.
Woodstock
Since January 2026, building permits, inspections and zoning for the Town of Woodstock (5,553 people in 2021) are handled by the Western Valley Regional Service Commission from its Centreville office, so a renovation or new-build file deals with the Commission rather than the town. The nearest hospital, Horizon’s Upper River Valley Hospital, is in Waterville.
Sussex
Sussex (4,440 in 2021; Sussex Corner joined in 2023) pays homeowners half the cost of basement flood-prevention work — sump pumps, backwater valves, downspout disconnection — up to $3,000, and two flood-diversion channels are being built in a $25.6 million project. The town posts a rate of $1.2430 per $100, with water and sewer a flat $480 a year.
Grand Falls (Grand-Sault)
Grand Falls (5,220 in 2021), which merged with Drummond and Saint-André in 2023, pays the builder of a new housing unit $0.20 per $100 of the added assessment every year for five years after it is finished. New multi-unit rentals and condominiums also get their water and sewer connection free.
Sackville (Tantramar)
Sackville (6,099 in 2021) has been part of the Town of Tantramar, with Dorchester, since 2023. Mount Allison University’s campus sits in the middle of it, on the Tantramar marshes. Water and sewer for a small residential user reaches $163 a quarter in 2026, or $652 a year.
Memramcook
Memramcook (5,029 in 2021, its boundaries unchanged in 2023) is mostly off municipal services: about 22% of the village is on public sewer and 15% on public water and sewer. Many homes run on a well and a septic system, which the lender will want tested and inspected. The 2026 rate is $1.3912 per $100.
Tracadie and Caraquet (Acadian Peninsula)
Tracadie (16,043 in 2021) calls itself the service centre of the Acadian Peninsula. Unexploded ordnance may remain on the former Tracadie Range, which passed to the Province in 1997, and National Defence is clearing it from May to December 2026 — worth checking on land nearby. Caraquet (4,285; Bas-Caraquet joined in 2023) received about $2.7 million from the federal Housing Accelerator Fund for builder incentives, aiming at 150 new units by 2027.
Go deeper
The detail, if you want it
How it works remotely from Bedford
A 15-minute call to start, then the application and documents by secure upload. Pre-approval usually takes 1–3 business days once the documents are in, with a rate held for typically 90–120 days.
On a purchase the appraisal is booked with an appraiser who covers the property’s area, and you choose your own New Brunswick lawyer. A lawyer closes: the final title search, the conversion of the parcel to Land Titles (required when it is sold or mortgaged; the Province then issues a certificate of registered ownership) and the registration, all online through Service New Brunswick.
New Brunswick programs for buyers
Homeownership Assistance Program (Government of New Brunswick): A repayable loan for 40% of the purchase price, closing costs and modest repairs, for first-time homeowners with household income below $40,000; interest from 0% under $30,000 of income.
Home Completion Loan Program: A repayable loan of up to $40,000 to finish a partly built home, household income below $40,000.
There is no first-time buyer exemption or refund in the Act or its regulation. The insured minimum down payment is the same across Canada: 5% of the first $500,000 and 10% of the remainder (1–2 units).
Taxes and rules that change the numbers
The real property transfer tax: 1% of the greater of the purchase price and the assessed value, paid before the deed is registered; the buyer pays it at closing.
The Province collects property tax for local governments and Service New Brunswick assesses every property. On a principal residence the Residential Property Tax Credit takes the provincial rate to $0 — you or your lawyer applies for it when you buy — and the year after a sale the assessment resets to market value.
A second home or a rental: A home that is not your principal residence pays the provincial residential rate of $0.5617 per $100 of assessment (2024–2026) on top of the local rate.
Buying with tenants in place: A lease survives the sale; the seller serves a Notice of Transfer on the tenants and the Tenant and Landlord Relations Office within seven days, and security deposits pass to the new owner.
How it works
From first call to keys, in four steps
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A 15-minute call
You say what you’re trying to do and roughly what you earn.
Riley tell you the price a lender will support, the cash you need to close, and what to fix first.
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Documents and pre-approval
You send the short list through a secure upload link.
Riley package the file and come back with a pre-approval letter and a rate held 90 to 120 days.
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Lenders, side by side
You read the comparison and pick.
Riley place one application with banks, credit unions and monolines, and show you every answer.
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Approval, lawyer, keys
You sign with your own local lawyer.
Riley hold the lender, appraiser and lawyer to the closing date.
Why a broker
Licensed, independent, paid by the lender
- Licensed across Atlantic Canada Indi Mortgage brokerage licences in NS, NB and NL (PEI has no licensing regime); Riley Oickle, Associate Mortgage Broker, NS 3001134
- $0 broker fee On a standard residential mortgage the lender pays, not you
- 33 lenders, one application Banks, credit unions, monolines; one credit check
Questions people ask
Is Oickle Mortgages licensed in New Brunswick?
Oickle Mortgages is part of Indi Mortgage, which is licensed as a mortgage brokerage across Atlantic Canada. I hold my licence in Nova Scotia. If you are buying in New Brunswick or Newfoundland and Labrador, I take your application and stay your point of contact, and one of Indi’s brokers licensed in your province completes the file with you. Same lenders, same process, one more name on the paperwork.
What does it cost to buy a home in New Brunswick?
On the September 2026 benchmark price of $341,700: $17,085 minimum down, $3,417 transfer tax and $170 registration, and other closing costs estimated at about $3,417 — roughly $24,089 in cash. The CMHC premium is added to the mortgage instead.
Is there a land transfer tax in New Brunswick?
1% of the greater of the purchase price and the assessed value, paid before the deed is registered; the buyer pays it at closing. There is no first-time buyer exemption or refund in the Act or its regulation.
Is there a first-time home buyer program in New Brunswick?
Homeownership Assistance Program (Government of New Brunswick): A repayable loan for 40% of the purchase price, closing costs and modest repairs, for first-time homeowners with household income below $40,000; interest from 0% under $30,000 of income.
Do I need to come to Bedford?
No. Every file is remote: a call, secure upload, e-signatures, an appraiser local to the property and your own New Brunswick lawyer at closing.
Do you arrange mortgages in Edmundston, Campbellton and the rest of New Brunswick?
Yes, the same way as in the cities: remote, with an appraiser who covers the area and a New Brunswick lawyer at closing. This page covers Edmundston, Campbellton, Woodstock, Sussex, Grand Falls, Sackville, Memramcook and Tracadie & Caraquet; the city pages cover Moncton, Fredericton and Saint John.
Still unsure? Ask me directly.
If your question isn't here, your situation is probably specific. Fifteen minutes on the phone beats reading another page, and nothing is pulled on your credit.
(902) 298-0218 · 8:00 am to 10:00 pm Atlantic, every day
Buying, renewing or refinancing in New Brunswick?
Send the listing or your renewal statement. You get back the cash to close, what the file needs and which lenders fit it, within a business day, at no fee.
(902) 298-0218 · 8:00 am to 10:00 pm Atlantic, every day