Buy a Home in Greater Moncton

In Canada, the minimum down payment depends on the purchase price. For homes under $500,000, you need at least 5% down. For homes between $500,000 and $1,499,999, you need 5% on the first $500,000 and 10% on the remainder. For homes at $1,500,000 or more, you need 20% down. Greater Moncton's affordability means most buyers can enter the market with a relatively modest down payment compared to larger Canadian cities.

Buyers in New Brunswick should budget approximately 1.5% to 4% of the purchase price for closing costs. These typically include the land transfer tax (which is 1% of the assessment or sale price - whichever is higher), legal fees ($1,000 to $2,000), home inspection ($400 to $900), title insurance, and adjustments for property taxes or prepaid utilities. I will walk you through an estimate tailored to your purchase so there are no surprises at closing.

The timeline varies, but most buyers in Greater Moncton find a home and close within 60 to 90 days from the time they start their search. The offer-to-closing period is typically 30 to 60 days, depending on financing conditions and possession date negotiations. In a competitive market, well-prepared buyers with pre-approval can move faster.

Each community offers distinct advantages. Moncton is the urban hub with a wide range of amenities, services, and property types. Dieppe is one of the fastest-growing cities in Atlantic Canada, known for its bilingual culture, newer developments, and family-friendly vibe. Riverview offers a quieter, suburban feel with excellent schools and river views. I can help you explore all three communities to find the best fit for your lifestyle and goals.