Current Mortgage Rates in Newfoundland

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

TERM	FIXED
1-yr	3.24^% HSBC _{Compare all rates}
2-yr	3.44^% Sullivan Mortgage Group (93) _{Compare all rates}
3-yr	3.39^% Tangerine _{Compare all rates}
4-yr	3.49^% Sullivan Mortgage Group (93) _{Compare all rates}
5-yr	3.49^% Sullivan Mortgage Group (93) _{Compare all rates}
6-yr	3.94^% Bank of Montreal _{Compare all rates}
7-yr	3.84^% Tangerine _{Compare all rates}
10-yr	3.89^% Tangerine _{Compare all rates}

TERM	VARIABLE
1-yr
2-yr
3-yr	2.90^% Prime - 0.80 Sullivan Mortgage Group (93) _{Compare all rates}
4-yr
5-yr	2.60^% Prime - 1.10 Sullivan Mortgage Group (93) _{Compare all rates}
6-yr
7-yr
10-yr

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HELOC	4.20^% Prime + 0.50 Scotiabank _{Compare all rates}
ALL-IN-ONE	4.20^% Prime + 0.50 Manulife Bank of Canada _{Compare all rates}

5-yr	6.69^% 5% Cash Back Simplii Financial _{Compare all rates}
7-yr	6.64^% 5% Cash Back Simplii Financial _{Compare all rates}
10-yr	7.55^% 5% Cash Back Simplii Financial _{Compare all rates}

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TERM	FIXED
1-yr	6.35^% CIBC _{Compare all rates}
3-yr
5-yr

TERM	VARIABLE
1-yr
3-yr	4.90^% Prime + 1.20 Bank of Montreal _{Compare all rates}
5-yr	5.50^% Prime + 1.80 Scotiabank _{Compare all rates}

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TERM	FIXED
1-yr	3.24^% HSBC _{Compare all rates}
3-yr	3.39^% Tangerine _{Compare all rates}
4-yr	3.49^% Tangerine _{Compare all rates}
5-yr	3.49^% CIBC _{Compare all rates}
10-yr	3.89^% Tangerine _{Compare all rates}

TERM	VARIABLE
1-yr
3-yr	3.70^% Prime - 0.00 CIBC _{Compare all rates}
4-yr
5-yr	2.79^% Prime - 0.91 HSBC _{Compare all rates}
10-yr

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Newfoundland and Labrador Housing Market Forecasts¹

Economic growth in Newfoundland and Labrador will stem from increased pricing in the energy sector fuelling oil production, energy, and mining development. The province will also be increasing infrastructure spending. These strong industries will fuel GDP growth for 2011 and 2012. City centres such as St John’s will see moderate population growth, but rural areas will likely plateau. While Newfoundland and Labrador experienced the highest employment growth in Canada in 2010 at 3.7%, growth will slow closer to national averages throughout 2011 and 2012.

Metropolitan Area	Year	Housing Starts	MLS Total Sales	MLS Average Sale Price
Newfoundland and Labrador
	2016(*)	1460	3950	$262,000
	2017(*)	1300	3700	$255,000

References and Notes

CMHC

Current Mortgage Rates in Newfoundland

Newfoundland and Labrador Housing Market Forecasts1

References and Notes

Current Mortgage Rates by Province

Newfoundland and Labrador Housing Market Forecasts¹