Connecting you to Canada's best mortgage rates

Français

Current Mortgage Rates in Nova Scotia

We shop the most competitive brokers, lenders and banks in Nova Scotia to bring you today's lowest interest rates, free of charge! Our comparison charts list current Nova Scotia rates, and are updated on a daily basis. To compare a certain category, click on the "See All" button for more details.

Rates Updated:  

Bank of Canada Rates
Prime rate        Prime rate Variable mortgage rates are quoted as Prime plus or minus a constant. For example: Prime + .10% or Prime - 0.90%. When there is a change in the prime rate, your variable rate mortgage adjusts accordingly. 3.00% Qualifying rate        Qualifying rate For a variable mortgage or fixed mortgage with a 1-4 year term, lenders are required to use the qualifying rate when determining how much you can afford. Therefore if say, a variable rate increases in the future, you will still be able to afford your mortgage payments. 5.44%

Closed mortgage rates - Nova Scotia

          Closed mortgage rates Closed mortgage rates are the most popular, standard form in Canada. A closed mortgage simply means you pay off your principal on a pre-determined schedule. If you want to put a lump sum against your principal beyond your pre-payment options, you will incur a penalty.
Term Lowest Fixed
Mortgage Rates 		Lowest Variable
Mortgage Rates
1-Year True North Mortgage
True North Mortgage 		2.64% See All True North Mortgage
True North Mortgage 		3.00%
Prime - 0.00 		See All
2-Year True North Mortgage
True North Mortgage 		2.94% See All
3-Year True North Mortgage
True North Mortgage 		2.94% See All True North Mortgage
True North Mortgage 		2.90%
Prime - 0.10 		See All
4-Year True North Mortgage
True North Mortgage 		3.09% See All
5-Year True North Mortgage
True North Mortgage 		3.19% See All True North Mortgage
True North Mortgage 		2.80%
Prime - 0.20 		See All
6-Year PC Financial
PC Financial 		3.69% See All
7-Year True North Mortgage
True North Mortgage 		3.89% See All
8-Year PC Financial
PC Financial 		4.02% See All
9-Year PC Financial
PC Financial 		4.11% See All
10-Year True North Mortgage
True North Mortgage 		3.89% See All

HELOC Rates - Nova Scotia

          HELOC Rates A HELOC rate is a variable interest rate on a line of credit that is secured by your home. As the equity in your home grows, you are able to borrow back up to 80% at the HELOC rate.
HELOC        HELOC Rates A HELOC rate is a variable interest rate on a line of credit that is secured by your home. As the equity in your home grows, you are able to borrow back up to 80% at the HELOC rate. MCAP
MCAP 		3.50%
Prime + 0.50 		See All
All-in-One        All-in-One HELOC An 'All-in-One' rate is one that combines a HELOC with your savings and deposit accounts. So, any deposits offset your debt in a daily interest calculation. Manulife One
Manulife One 		3.50%
Prime + 0.50 		See All

Cash back mortgage - Nova Scotia

          Cash back mortgage A cash back mortgage returns a lump sum, usually 3-7%, when your mortgage closes. If your principal is, for example, $300,000, a 5% cash back would return to you $15,000 when your mortgage closes.
5-Year FirstLine Mortgages
FirstLine Mortgages 		4.79%
3% Cash Back 		See All
6-Year TD Bank
TD Bank 		6.16%
5% Cash Back 		See All
7-Year PC Financial
PC Financial 		5.24%
5% Cash Back 		See All
10-Year PC Financial
PC Financial 		5.54%
5% Cash Back 		See All

Fixed - Open - Nova Scotia

          Open mortgage rates Open mortgage rates allow you to pay off as much of your principal as you please whenever you wish, without penalty. Open mortgage rates are less popular than closed mortgage rates, but are often used for a short-term mortgage.
Term Lowest Fixed
Mortgage Rates 		Lowest Variable
Mortgage Rates
1-Year MCAP
MCAP 		6.30% See All
3-Year Bank of Montreal
Bank of Montreal 		4.00%
Prime + 1.00 		See All
5-Year Scotiabank
Scotiabank 		3.80%
Prime + 0.80 		See All

Bank Mortgage Rates - Nova Scotia

          Bank Mortgage Rates Bank mortgage rates are simply rates offered by the big Canadian banks. You should always compare these against the best available rates on the market.
Term Lowest Fixed
Mortgage Rates 		Lowest Variable
Mortgage Rates
1-Year ING Direct
ING Direct 		3.09% See All
2-Year PC Financial
PC Financial 		3.10% See All
3-Year PC Financial
PC Financial 		3.14% See All Laurentian
Laurentian 		3.20%
Prime + 0.20 		See All
4-Year PC Financial
PC Financial 		3.20% See All
5-Year PC Financial
PC Financial 		3.44% See All ING Direct
ING Direct 		3.00%
Prime - 0.00 		See All
10-Year ING Direct
ING Direct 		3.99% See All

Nova Scotia Housing Market Forecasts1

Nova Scotia’s economic growth rate will decrease over the next two years as there is a pullback in investment spending in the energy sector. The remaining growth will come from increasing energy prices. A few possible infrastructure and energy projects in Halifax will push the economic growth for the province should they occur. The strong Canadian dollar will continue to negatively affect Nova Scotia manufacturers and exporters. 

 

Metropolitan Area

Year

Housing

Starts

MLS Total

Sales

 MLS Average

Sale Price 

Halifax

2010

2011(*)

2012(*) 

2390 2410 2180

5766 5700 5700

  $        251,116  $        258,000  $        263,000

St. John's

2010

2011(*)

2012(*)

1816 1475 1425

3470 3350 3200

 $        251,191  $        255,000  $        260,000

[1] CMHC

Nova Scotia Mortgage Brokers

If you want current, personal advice simply click on the link above to connect with a mortgage broker near you.  Quebec mortgage brokers can help by giving you advice on current mortgage deals, your credit history, or help you with a special type of mortgage like cash back or HELOC. Brokers can also help with information on home purchases, lenders, current interest rates, and great mortgage solutions.

Current Mortgage Rates by Province