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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.

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

  1. CMHC

Current Mortgage Rates by Province