Buying a Home — NB
Buying a Home in New Brunswick
Province-specific costs, taxes, and the step-by-step process for New Brunswick home buyers.
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Offer checklist, closing cost summary, land transfer tax guide, and step-by-step buyer guide — customized for New Brunswick.
Land Transfer Tax / Fees
New Brunswick charges a Real Property Transfer Tax of 1% of the property value, calculated on the higher of the purchase price or the assessed value.
First-Time Buyer Rebate
No rebate available.
Closing Costs to Budget For
- Real Property Transfer Tax (1% of the higher of price or assessed value)
- Legal fees ($1,000–$1,800)
- Title insurance ($200–$300)
- Home inspection ($300–$500)
- Property tax adjustments
- HST on new builds
Professionals You'll Need
Lawyer / Notary
$1,000–$1,800.
Title Insurance
Recommended. Cost: $200–$300.
Home Inspector
Recommended. Budget $300–$500.
Step-by-Step Process
- 1
Pre-approval
- 2
Offer with conditions
- 3
Satisfy conditions
- 4
Lawyer registers title
- 5
Close
Watch Out For
NB property assessed values can differ significantly from market value — confirm the tax calculation basis
Check for flooding history given NB's river systems
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