Buyer tools
The price is not the whole price.
Closing costs catch a lot of first-time buyers off guard. Slide the purchase price and see what typically gets added on top of your down payment in New Brunswick. If you know the property’s assessed value, add it: the province charges land transfer tax on whichever figure is higher.
The tax is charged on whichever is higher, this or your price. Look up any address
- NB land transfer tax · 1% of price or assessed value, whichever is higher
- $3,500
- Legal fees and disbursements
- $1,300 to $2,200
- Home inspection
- $450 to $700
- Title insurance
- $300 to $550
- Appraisal, if your lender requires one
- $350 to $500
Estimated closing costs
$5,900 to $7,450
On top of your down payment, on a $350,000 purchase. The land transfer tax is the big mover; the rest stays fairly flat as prices climb.
- Buying new construction? HST can apply, so budget a conversation with your lawyer before you sign.
- Property tax and utility adjustments get settled on closing day and depend on the property.
- A home’s assessment can sit above what it sells for, and the transfer tax follows the higher number. Why assessments move
These are typical ranges, not quotes. Nothing here is legal or tax advice. Your actual costs depend on the property and the professionals you choose, and your lawyer will give you exact figures before closing.
Budgeting a purchase this year?
Tell me what you’re working with and I’ll help you plan the full number, not just the sticker price.
