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|
Land transfer tax rates in Nova Scotia vary in different municipalities. Please click Learn more below for more information.
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%.
Nova Scotia Mortgage Calculators
Manage your monthly mortgage payments.Start Now
How Much Can
What is the maximum mortgage you can afford?Start Now
Nova Scotia First Time Home Buyer Freebies
Nova Scotia Blog Articles
When considering life insurance, there are many factors to take into account. They include: finding the best policy for your family, not being over- or under-insured, and confidently knowing your dependents will receive the benefit. In 2019, Canada Life insurance … Continue reading →Read More
The average family in Canada spends over $12,000 on food every year. And with the COVID-19 pandemic changing everything from the way we shop to how global supply chains function, grocery bills are only expected to go up. Canada’s Food … Continue reading →Read More