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Best Mortgage Rates in Nova Scotia

Compare the most current mortgage rates instantly

Looking for a mortgage in Nova Scotia? We help you find and compare the lowest rates from the Big 6 Banks and top Nova Scotia mortgage brokers. By shopping the best rates in Nova Scotia, you could save thousands on your mortgage. Our comparison charts are free to use and list current rates that are updated twice daily.

Rates updated:
Broker Mortgage Rates Minimize Table Maximize Table
TERM FIXED
1-yr 3.39% RBC Royal Bank Compare all rates
2-yr 3.49% RBC Royal Bank Compare all rates
3-yr 3.64% Bank of Montreal Compare all rates
4-yr 3.74% RBC Royal Bank Compare all rates
5-yr 3.59% Sullivan Mortgage Group
(94)
Compare all rates
6-yr 3.97% TD Bank Compare all rates
7-yr 3.99% CIBC Compare all rates
8-yr 6.60% Laurentian Bank Compare all rates
9-yr 6.60% Laurentian Bank Compare all rates
10-yr 4.14% Sullivan Mortgage Group
(94)
Compare all rates
TERM VARIABLE
1-yr
2-yr
3-yr 3.10%
Prime - 0.85
Sullivan Mortgage Group
(94)
Compare all rates
4-yr
5-yr 2.79%
Prime - 1.16
Sullivan Mortgage Group
(94)
Compare all rates
6-yr
7-yr
8-yr
9-yr
10-yr
  Show more   Show fewer
Bank Mortgage Rates Minimize Table Maximize Table
TERM FIXED
1-yr 3.39% RBC Royal Bank Compare all rates
2-yr 3.49% HSBC Compare all rates
3-yr 3.64% Bank of Montreal Compare all rates
4-yr 3.74% RBC Royal Bank Compare all rates
5-yr 3.74% HSBC Compare all rates
10-yr 4.19% Tangerine Compare all rates
TERM VARIABLE
1-yr
2-yr
3-yr 3.95%
Prime - 0.00
CIBC Compare all rates
4-yr
5-yr 3.04%
Prime - 0.91
HSBC Compare all rates
10-yr
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Open mortgage rates Minimize Table Maximize Table
TERM FIXED
1-yr 4.50% TD Bank Compare all rates
3-yr
5-yr
TERM VARIABLE
1-yr
3-yr 5.15%
Prime + 1.20
Bank of Montreal Compare all rates
5-yr 5.10%
Prime + 1.15
TD Bank Compare all rates
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Cash back mortgage Minimize Table Maximize Table
5-yr 5.49%
1% Cash Back
Laurentian Bank 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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HELOC Rates Minimize Table Maximize Table
HELOC 4.45%
Prime + 0.50
Scotiabank Compare all rates
ALL-IN-ONE 4.45%
Prime + 0.50
Manulife Bank of Canada Compare all rates

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
2016(*) 2200 5100 $286,000
2017(*) 2425 5250 $288,000
St. John's
2016(*) 850 3150 $291,500
2017(*) 775 3000 $280,000

Nova Scotia Mortgage Brokers

If you want current, personal advice simply click on the link above to connect with a mortgage broker near you. Nova Scotia 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.

References and Notes

  1. CMHC

Current Mortgage Rates by Province