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Nova Scotia Mortgages

Nova Scotia Rates

We shop the most competitive brokers, lenders and banks in Canada to bring you today's lowest interest rates, free of charge! Our Canadian comparison charts list current rates, and are updated on a daily basis.

Term Lowest Fixed Rate Lowest Variable Rate
1-Year 2.82%
3-Year 2.69% 3.95%
5-Year 2.59% 2.80%
10-Year 2.99%
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Land transfer tax rates in Nova Scotia vary in different municipalities. Please click Learn more below for more information.


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Mortgage default insurance or CMHC insurance is required in Canada for down payments of less than 20%.

Down payment (% of home)
5%-9.99% 10%-14.99% 15-19.99% 20% or higher
CMHC insurance premium 2.75% 2.00% 1.75% 0.00%

Additional criteria as of July 9th, 2012:

  • The maximum amortization available on an insured mortgage (less than 20% down) is 25 years.
  • Homes sold for more than $1,000,000 do not qualify for CMHC insurance and, therefore, require a down payment of at least 20%.

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Nova Scotia Mortgage Brokers

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Nova Scotia First Time Home Buyer Freebies

  • First time home buyer Tax Credit

    Get $750 dollars back on your personal tax return.

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  • RRSP Home buyers Plan

    Access up to $25,000 from
    your RRSP tax-free.

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Nova Scotia Blog Articles

Charge Cards vs. Credit Cards – What are the Differences?

July 16, 2019

You can swipe, tap, or insert a charge card to make everyday purchases and earn rewards, just like a credit card. Charge cards don’t have pre-set spending limits (which means they typically offer more buying power), unlike credit cards that … Continue reading →

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Maxed out your RRSP & TFSA? Try HISAs & GICs

July 15, 2019

When your TFSA and RRSP are maxed out and you’re looking to avoid penalties, try two trusty non-registered savings vehicles: high-interest savings accounts and guaranteed investment certificates (GICs). These savings tools don’t have any contribution limits or penalties. And they can help you keep your money safely saved while you wait for more contribution room to open up in your TFSA and RRSP on January 1st. Continue reading →

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