Buying a Home in Moncton
Expert Guidance, Every Step
Richard Wontorra has helped 200+ families buy homes across Greater Moncton. Get a trusted, experienced REALTOR® in your corner — at no cost to you as a buyer.
Book a Free Buyer Consultation →Why Work With Richard as Your Buyer’s Agent?
As a buyer, you don’t pay your agent’s commission — the seller covers it. That means you get Richard’s full expertise, local knowledge, and professional representation at absolutely no cost to you. Here’s what sets Richard apart:
Richard knows Greater Moncton’s neighbourhoods, price trends, and hidden gems better than almost anyone. He’ll tell you which streets hold their value, which areas are up-and-coming, and which ones to avoid.
Richard’s 5.00-star rating on RankMyAgent (22 verified reviews) reflects a consistent track record of putting clients first. He’ll tell you when a home is overpriced or when to walk away — even if it means losing a deal.
With 200+ transactions completed, Richard knows how to structure competitive offers, navigate multiple-offer situations, and negotiate inspection items without blowing up a deal.
Many of Richard’s buyers are relocating from Ontario, BC, or internationally. He understands the unique needs of out-of-province buyers and can guide you through the entire process remotely if needed.
RE/MAX President’s Platinum Award (2025) and RE/MAX 100% Club (2020, 2021, 2022) — recognition reserved for agents in the top tier of Canadian real estate professionals.
Richard serves clients in both English and German — ideal for international buyers or German-speaking newcomers relocating to Greater Moncton.
The Home Buying Process — Step by Step
Buying a home in Greater Moncton involves several stages. Here’s exactly what to expect when you work with Richard:
Initial Consultation
Richard starts with a free consultation — in person, by phone, or by video — to understand your goals, budget, timeline, and must-haves. This sets the foundation for a focused, efficient search rather than wasting weekends on homes that don’t fit.
Get Pre-Approved
Before viewing homes, Richard will recommend getting a mortgage pre-approval from a trusted local broker. Pre-approval tells you exactly what you can afford, locks in a rate for 90–120 days, and shows sellers you’re a serious buyer — critical in a competitive spring market.
Home Search & Viewings
Richard sets up a custom MLS® search based on your criteria and alerts you the moment new matching listings hit the market. He arranges viewings on your schedule and shares honest assessments of each property — including things the listing won’t tell you.
Making an Offer
When you find the right home, Richard prepares a competitive offer based on comparable sales data. He’ll advise on price, conditions, deposit amount, and closing date — and walk you through every clause so you know exactly what you’re signing.
Home Inspection
Richard strongly recommends a professional home inspection on every purchase. A good inspector will identify issues that aren’t visible during a viewing. Richard can recommend trusted local inspectors and will help you interpret the report and negotiate any repairs or price adjustments.
Mortgage Finalization
Once your offer is accepted, your mortgage broker finalizes the financing. Richard coordinates timelines between your broker, lawyer, and the seller’s agent to keep everything on track toward your closing date.
Closing Day
Your lawyer handles the final paperwork, title transfer, and key exchange. Richard is available right through to closing day to answer questions and resolve any last-minute issues. Most Moncton closings take 30–60 days from accepted offer to possession.
Mortgage & Financing Basics for Moncton Buyers
Understanding your financing options before you start viewing homes makes the whole process smoother. Here are the key numbers Moncton buyers need to know:
Minimum Down Payment Requirements
| Purchase Price | Minimum Down Payment | CMHC Insurance Required? |
|---|---|---|
| Under $500,000 | 5% of purchase price | Yes |
| $500,000 – $999,999 | 5% on first $500K + 10% on remainder | Yes |
| $1,000,000+ | 20% minimum | No |
CMHC Mortgage Insurance Rates
| Down Payment | CMHC Premium Rate |
|---|---|
| 5% – 9.99% | 4.00% of mortgage amount |
| 10% – 14.99% | 3.10% of mortgage amount |
| 15% – 19.99% | 2.80% of mortgage amount |
| 20%+ | No CMHC required |
Estimated Closing Costs on a $400,000 Moncton Home
Note: CMHC premium is added to your mortgage, not paid upfront. NB has no PST on CMHC premiums and no first-time buyer land transfer tax rebate.
Current Rate Environment
The Bank of Canada’s overnight rate is forecast around 2.25% through most of 2026, making mortgage rates significantly more accessible than they were in 2023–2024. A typical 5-year fixed rate for well-qualified buyers currently sits in the mid-to-high 4% range. Richard works with trusted local mortgage brokers who can find you the best rate available — ask him for a referral at your consultation.
Frequently Asked Questions — Buying a Home in Moncton
Ready to Buy a Home in Greater Moncton?
Book a free, no-obligation buyer consultation with Richard and get expert local guidance from day one.
