Mortgage broker in Fredericton, New Brunswick
Fredericton, the capital, has what the City calls the largest knowledge industry in Atlantic Canada. The board prices the area at $364,400 for September 2026; this page works that through to cash, tax and income.
Who is a mortgage broker for Fredericton?
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 for a Fredericton mortgage: 33 lenders, no fee on a standard residential mortgage, and $18,220 minimum down on the September 2026 Fredericton benchmark price of $364,400.
What buying costs in Fredericton
Worked on the September 2026 benchmark price the board publishes for Fredericton. Your own price, assessment and lawyer change the figures; the lawyer’s statement of adjustments is the final word.
| Fredericton benchmark price | $364,400 | Fredericton, September 2026 |
|---|---|---|
| Minimum down payment | $18,220 | Insured: 5% of the first $500,000 and 10% of the remainder (1–2 units) |
| Real property transfer tax | $3,644 | 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 |
| Legal, appraisal and inspection, est. | $3,644 | Riley’s rule of thumb, 1% of the price; your lawyer quotes the real figure |
| Cash to buy | $25,678 | The CMHC premium (4%) is added to the mortgage, not paid at closing |
| Property tax, first year, est. | $4,769 | The City’s 2026 residential rate of $1.3086 per $100, on an assessment equal to the price. The inside rate, which covers about 90% of households; the outside rate is $1.2065. A home you live in pays $0 provincial rate through the Residential Property Tax Credit; a rental or second home adds the provincial $0.5617. |
Buying in Fredericton
Just over half of Fredericton households — 56.6% — owned their home in 2021, and 43.8% lived in a single-detached house. Close to half of occupied homes, 48.3%, were built in 1980 or earlier.
The City sets two main rates. The inside rate, $1.3086 per $100 for 2026, covers about 90% of households; the outside rate is $1.2065. Areas brought in by the 2023 reform keep their own lower rates and also pay a provincial road levy of $0.4115.
The rate therefore depends on where in the city the house is, and the listing or the assessment notice shows which one applies. On a home you live in, the provincial portion is credited to $0.
Go deeper
The detail, if you want it
Income and qualifying in Fredericton
The median household income was $73,000 in 2020. Ignite, the regional development agency, finds public administration, post-secondary education and utilities employ a larger share of people here than across Canada; the University of New Brunswick, NBCC and the Research and Productivity Council are all here.
A permanent public-sector or university salary is about the simplest income to qualify on. A term or contract position needs the contract itself and some history in the role, so send both with the first documents.
How a Fredericton file closes
The purchase closes through a New Brunswick lawyer. Registering the deed and the mortgage in Land Titles costs $85 each, and the 1% transfer tax comes to $3,644 on the benchmark, with no exemption for a first purchase.
Posted to 5th Canadian Division Support Base Gagetown in Oromocto? Bring the posting message to the first call, because it decides the timeline on both the purchase and any sale.
The City’s Missing Middle grant paid $15,000 to $35,000 a unit to owners adding a secondary unit to an existing lot. It is closed at the moment; the City’s housing staff answer questions on secondary dwelling units and any funding that reopens.
Around Fredericton: Oromocto and New Maryland
Oromocto
Oromocto grew from a village of about 150 people with the development of CFB Gagetown, and had 9,045 people in 2021. Its 2026 rate, $1.4501 per $100, is above Fredericton’s. Just under half of households (49.4%) owned their home, and the median household income was $91,000.
New Maryland
The Village of New Maryland, incorporated on 1 June 1991, is almost entirely owner-occupied houses: 95.1% of households owned and 88.6% lived in a single-detached home in 2021. Its 2026 rate is $1.2036 per $100, and the median household income was $116,000.
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?
Yes, through Indi Mortgage, which holds a New Brunswick mortgage brokerage licence: Indi, The Independent Mortgage Company Ltd., Mortgage Brokerage, licensed in New Brunswick; your file is completed by Indi’s New Brunswick-licensed mortgage broker; Riley Oickle, Associate Mortgage Broker (Nova Scotia), is your point of contact. The Trust page sets out each province’s licence and how a file is completed outside Nova Scotia.
What is the property tax rate in Fredericton?
The 2026 inside rate is $1.3086 per $100 of assessment and covers about 90% of households; the outside rate is $1.2065, and areas added in 2023 have their own rates plus a $0.4115 provincial road levy.
What does a house cost in Fredericton?
The MLS® HPI benchmark was $364,400 in September 2026. With the minimum $18,220 down, the 1% transfer tax and registration add $3,814 in cash.
Is there a grant to add a secondary suite in Fredericton?
The City’s Missing Middle grant, $15,000 to $35,000 a unit, is closed at the moment. The City’s housing staff can say whether it reopens.
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 Fredericton?
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