Rental Property Mortgages in New Brunswick
Non-owner-occupied property needs 20% down and prices on the uninsured shelf. How lenders in New Brunswick treat the rental income is what decides how many you can hold.
Who this covers
- Buyers of a first investment property
- Owners converting a principal residence to a rental
- Investors whose ratios have stopped working at their current lender
What lenders look for
| 20% down minimum | Default insurance is unavailable on non-owner-occupied property, so this is a hard floor. |
| Rental offset | The lender subtracts a share of the rent — often 50% to 80% — from the property’s costs. Far more generous than add-back and the reason some investors can hold many properties. |
| Rental add-back | The lender adds a share of net rental income to your income instead. Weaker, and it is what most big banks use. |
| Property count limits | Many lenders cap the number of financed properties, commonly at four or five. Beyond that the file moves to alternative or commercial lending. |
New Brunswick rates for this file
Rentals price on the uninsured shelf, typically 20 to 40 basis points above owner-occupied. Some lenders add a further rental premium.
| Lender | Type | 5-year fixed |
|---|---|---|
| Strive Capital | Monoline | 4.15% |
| MCAP | Monoline | 4.16% |
| First National | Monoline | 4.17% |
| Merix Financial | Monoline | 4.18% |
| RFA Mortgage Corporation | Monoline | 4.19% |
Lowest five-year fixed on the uninsured shelf, 2026-08-21. Full board →
What a typical purchase looks like
| Typical price | $399,000 |
| Minimum down payment | $19,950 |
| RPTT | $3,990 |
Averaged across 1 New Brunswick market we track. Calculate yours →
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Your lender contacts you at 30 days, when you have no time to shop. We reach you at 90 — early enough to lock a hold and personalize your offers.
Rental Property mortgages across New Brunswick
Prices and property tax vary widely inside the province, and both feed your qualification.
| Market | Typical price | Minimum down | |
|---|---|---|---|
| Moncton | $399,300 | $19,965 | Affordability → |
Questions
How much down do I need?
20% minimum on a non-owner-occupied property, and no exceptions — the insurers will not cover it at any price.
Will the rent help me qualify?
Considerably, but how much depends entirely on whether the lender uses offset or add-back. The same file can pass at one lender and fail at another on this single policy difference, which is the main reason investors use brokers.
What if I move out and rent my current home?
That converts it to a rental for underwriting. If you are keeping it and buying another, both properties get assessed, and the offset-versus-add-back question decides whether the numbers work.
What does it cost to close in New Brunswick?
Real property transfer tax on a $399,000 purchase comes to $3,990, due in cash on closing. Full New Brunswick closing costs →
Rental Property in New Brunswick?
Send us the file and a licensed broker comes back with what is realistically available — which lenders will take it, at what rate, and what they will want to see.
Send us the file