When most people think of Canadian real estate, the spotlight usually falls on Toronto, Vancouver, or Montreal. But lately, more buyers are discovering the quiet powerhouse of the East Coast: New Brunswick real estate.
For many, this province has been a hidden gem. It’s a place where you can still find waterfront homes at a fraction of Ontario prices, where charming seaside towns welcome newcomers, and where the lifestyle is as refreshing as the salty Bay of Fundy air. For out-of-province Canadian buyers and those in the United States, New Brunswick represents not just a financial opportunity, but a chance to trade hustle and stress for community and calm.
If you’ve been curious about buying here, this guide is designed for you.
Why New Brunswick Real Estate is in Demand
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1. Affordability
New Brunswick remains one of the most affordable provinces in Canada. A detached home in Saint Andrews or St. George might sell for the same price as a small condo in Toronto or a starter home in suburban Boston. For investors and retirees alike, this affordability means you can do more with your money – whether that’s buying a larger property, a second home, or even a piece of land to build on.
2. Lifestyle and pace
Life here has a rhythm of its own. Picture yourself walking along a historic wharf, enjoying lobster rolls with neighbors, or exploring endless coastal trails. The pace is slower, but not sleepy. There’s always something happening in small towns, from festivals to farmers’ markets, but without the gridlock or high-pressure feel of big cities.
3. Safety and community
For families, safety is often the biggest draw. Crime rates are low, and there’s a strong sense of belonging in small towns. When people wave hello on the sidewalk here, they mean it. Many buyers relocating from other provinces or the U.S. are looking for exactly that – a safe, close-knit place to call home.
4. Proximity to the U.S.
For American buyers, southern New Brunswick is practically next door. Towns like Saint Andrews are just across the border from Maine, making weekend trips easy. For snowbirds who split their time between the U.S. and Canada, or for families who want to stay connected across borders, this is a major convenience.
How the Buying Process Works in New Brunswick
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The real estate process in New Brunswick is straightforward, but if you’re coming from another province or the U.S., you’ll notice a few differences. Here’s a step-by-step overview:
1. Partner with a REALTOR®
A local agent is your guide. They know the neighborhoods, the quirks of rural properties, and the ins and outs of waterfront ownership. For out-of-province buyers, a REALTOR® can preview homes, send videos, and act as your boots on the ground.
2. Making an Offer
Offers in New Brunswick are written on a standard Agreement of Purchase and Sale. Common conditions include:
- Financing approval
- Home inspection
- Insurance approval
- Well and septic disclosures
- WETT certification for wood stoves
Negotiations here tend to be less intense than in hot urban markets, though waterfront properties or heritage homes in high demand towns like Saint Andrews can still attract competition.
3. Closing with a Lawyer
Unlike in the U.S., where title companies often handle closings, in New Brunswick you must work with a lawyer. They’ll conduct a title search, review zoning and easements, and handle the transfer of funds. It’s a critical safeguard, especially if you’re buying from a distance.
4. Financing and Mortgages
Out of province buyers: Financing works much the same as at home, though you may be pleasantly surprised at how much more house your pre-approval will buy you.
U.S. buyers: Canadian banks will lend to non-residents, but expect stricter requirements. A typical scenario is a 35% down payment, proof of income, and Canadian bank accounts for handling payments. Some U.S. buyers pay cash to avoid financing hurdles.
5. Taxes and Fees
- Land (Property) Transfer Tax: 1% of the greater of the purchase price or assessed value.
- HST (15%): Only on new construction or commercial properties. Resale homes are exempt.
- Annual property taxes: Lower than Ontario averages, though U.S. buyers may see non-resident adjustments. Still, many find them lower than what they pay at home.
What About the Foreign Buyer Ban?
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In 2023, Canada introduced restrictions on foreign ownership of residential real estate. However, there’s an important distinction: these rules mostly apply to large metropolitan areas.
New Brunswick is not heavily restricted. Rural areas and smaller towns remain open to international buyers, including Americans. This makes New Brunswick one of the most welcoming provinces for foreign buyers right now.
For U.S. residents, this is a rare opportunity: you can own property here without the roadblocks you might face in Ontario or British Columbia.
Choosing the Right Area
New Brunswick has something for every type of buyer. Here are some highlights:
Saint Andrews by-the-Sea
A picture-perfect town with historic charm, boutiques, golf courses, and oceanfront views. It’s a favorite for retirees, second-home buyers, and anyone who values history and community.
Grand Manan Island
For those who crave peace, this island offers raw natural beauty, whale watching, and a slower pace of life. Perfect for artists, adventurers, and people who want a true retreat.
St. George and Charlotte County
Affordable and friendly, this area has access to rivers, lakes, and the Bay of Fundy. It’s great for families or anyone who wants a balance of small-town living with access to Saint John and the border.
Saint John
New Brunswick’s largest city offers affordable urban living with historic neighborhoods and waterfront revitalization projects. It’s a great option for those who want city amenities without big-city prices.
Tips for Out-of-Province and U.S. Buyers
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- Visit first if you can — nothing compares to experiencing the area in person.
- Research internet and utilities — rural and island properties may have unique challenges.
- Ask about wells and septic systems — common in rural New Brunswick.
- Plan for weather — winter is real here (some areas more than others), but so is the beauty of all four seasons.
- Think long-term — whether it’s investment, retirement, or family living, choose a property that fits your five- to ten-year vision.
Why Work with a Local Expert
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For buyers coming from away, the biggest challenge is distance. Having a trusted local REALTOR® makes all the difference. They’ll help you:
- Narrow down communities that match your lifestyle.
- Explain zoning and bylaws you won’t find on Google.
- Preview properties and send virtual tours.
- Coordinate inspections and connect you with lawyers, mortgage brokers, and trades.
At Fundy Bay Real Estate, we specialize in helping buyers from all over Canada, the United States, and the world – discover the opportunities in southern New Brunswick. Whether you’re dreaming of a seaside escape in Saint Andrews, an income property in St. Stephen, or a piece of land to build your future home, we can guide you through every step.
Final Thoughts: Why Now is the Time
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New Brunswick real estate has always been attractive to those who knew about it, but word is spreading fast. With affordability compared to Ontario, welcoming rules for U.S. buyers, and a lifestyle that blends coastal beauty with small-town friendliness, it’s no surprise more people are making the move.
If you’ve been considering a purchase, now is the time to explore your options. Properties here still offer incredible value, but demand is growing. Your dream home – whether it’s a heritage property in Saint Andrews, a waterfront retreat on Grand Manan, or a family home in Charlotte County – is waiting.
Ready to start your search? Contact us at Fundy Bay Real Estate today. Let’s turn your New Brunswick Real Estate dream into reality.