Current Mortgage Rates in St. John's
Browse our aggregated St. John's mortgage rates to find the lowest rates possible. Click “See all” to compare.
|1-yr||2.69% Sullivan Mortgage Group Compare all rates|
|2-yr||2.69% Sullivan Mortgage Group Compare all rates|
|3-yr||2.69% Sullivan Mortgage Group Compare all rates|
|4-yr||2.69% Sullivan Mortgage Group Compare all rates|
|5-yr||2.48% Sullivan Mortgage Group Compare all rates|
|7-yr||3.14% Sullivan Mortgage Group Compare all rates|
|10-yr||3.19% Sullivan Mortgage Group Compare all rates|
Prime - 0.00Sullivan Mortgage Group Compare all rates
Prime - 1.25Sullivan Mortgage Group Compare all rates
Current St. John's Mortgage Rate News
Best St. John’s Mortgage Rates:
Mortgage rates in St. John’s, Newfoundland are expected to remain historically low in the near future, with a possible increase in 2017.
Information for the City of St. John’s:
The capital of Newfoundland and Labrador is the oldest English-founded city in North America (est. 1497). St John’s is also the second largest city in Atlantic Canada with a population of approximately 215,000. The city is in a unique geographic location with its own time zone called the Newfoundland Standard Time Zone, which is one-and-a-half hours ahead of Toronto and four-and-a-half hours ahead of Vancouver. The economy is driven by the oil and gas industry that lies in the Atlantic Ocean; ExxonMobil, Chevron, Husky Energy and Suncor Energy maintain large operations in St. John’s.
The St. John’s Housing Market:
St. John’s housing market is expected to continue seeing moderation in 2016 as sales and new home construction decline, and economic challenges surrounding low oil prices prevail. After seeing a decline in prices in 2015, the average home price will continue to see pressure from the market in 2017.
The housing market at a glance:1
|MLS Sales||Housing Starts||MLS Average Price|
Mortgage Brokers in St. John’s:
A mortgage broker in Newfoundland will act as a liaison between the bank and the borrower. A broker will also handle the rate negotiations on their client’s behalf, to ensure they get the best mortgage rate available in St. John’s.
References and Notes
- Data sourced from the CMHC