New Brunswick land transfer tax: the real property transfer tax
What the real property transfer tax is charged on, who pays it and when, what is exempt — worked at six prices.
How much is land transfer tax in New Brunswick?
1% of the greater of the purchase price and the assessed value, called the real property transfer tax. On the September 2026 benchmark price of $341,700 that is $3,417, paid by the buyer through the lawyer before the deed is registered. There is no first-time buyer exemption or refund.
The real property transfer tax at six prices
| Purchase price | Transfer tax | Registration | Total |
|---|---|---|---|
| $200,000 | $2,000 | $170 | $2,170 |
| $300,000 | $3,000 | $170 | $3,170 |
| $341,700 (September 2026 benchmark price) | $3,417 | $170 | $3,587 |
| $400,000 | $4,000 | $170 | $4,170 |
| $500,000 | $5,000 | $170 | $5,170 |
| $750,000 | $7,500 | $170 | $7,670 |
Your lawyer registers the deed with a sworn statement of the true price, and the tax is paid before the deed is registered.
Go deeper
The detail, if you want it
When the assessed value is higher than the price
The tax is 1% of whichever is greater: the price or the assessed value Service New Brunswick holds when the deed is registered. The assessed value is taken or extrapolated from the current assessment list.
What is exempt
The Act exempts, among others, agreements for sale, leases under 25 years, transfers from an estate to its beneficiaries, transfers made only to secure a loan, and transfers to a registered charity or the Crown; a regulation adds marital property moving between spouses.
There is no first-time buyer exemption or refund in the Act or its regulation.
Land Titles registration
In Land Titles, $85 a parcel to register the deed and $85 to register the mortgage ($84 registration plus $1 assurance, before HST), since 1 April 2025.
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.
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 there a first-time home buyer exemption in New Brunswick?
No. There is no first-time buyer exemption or refund in the Act or its regulation. First-time buyers pay the same 1% as everyone else.
Who pays the transfer tax in New Brunswick?
The buyer, at closing. Your lawyer registers the deed with a sworn statement of the true price, and the tax is paid before the deed is registered.
Is the tax charged on the price or the assessed value?
On whichever is greater: the price, or the assessed value Service New Brunswick holds when the deed is registered.
Can the transfer tax be added to my mortgage?
No. It is cash at closing, and lenders want to see it in your account at approval on top of the down payment. Only the CMHC premium is financed.
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