NEWFOUNDLAND AND LABRADOR RATES

Compare Newfoundland and Labrador mortgage rates

Explore mortgage rates, terms, and lender options for St. John’s and communities throughout Newfoundland and Labrador.

Rates are current as of Newfoundland and Labrador
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Mortgage rate information for Newfoundland and Labrador

From St. John's historic streets to the rugged landscapes of Labrador, finding the right mortgage is key to owning your piece of the Rock. Explore top rates from national and local lenders to make your homeownership goals a reality.

Compare current fixed and variable mortgage options for Newfoundland and Labrador, then review estimated payments, term length, prepayment privileges, penalties, qualification requirements and property eligibility. The lowest advertised rate is not automatically the lowest-cost or most flexible mortgage for every borrower.

Compare Current Mortgage Rates in Newfoundland and Labrador

Live as of: August 17, 2026 | Newfoundland and Labrador

Customize your mortgage scenario

Adjust the purchase price, down payment, amortization, and payment frequency to see how your estimated mortgage payments change across the rate options below.

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Yrs
Tip: Use the filter to compare payment impact quickly. Even a small rate difference can change your estimated payment and total interest over time.
We guarantee your best rate or we will give you $500! Save thousands with our volume-discounted rates.
True North Mortgage Inc
Interest rate
2.49 %
6 Months Fixed
6-Month Fixed Closed
Payment & interest estimate
Est. Monthly Payment $1,792
Interest in 5 years $46,119
Interest over 6 Months $4,950
Commission-free mortgage experts providing honest advice and competitive rates through a 100% digital, transparent process.
Nesto
Interest rate
3.40 %
5 Years Variable
5 Year Variable Mortgage
Payment & interest estimate
Est. Monthly Payment $1,981
Interest in 5 years $63,506
We guarantee your best rate or we will give you $500! Save thousands with our volume-discounted rates.
True North Mortgage Inc
Interest rate
3.49 %
5 Years Variable
5-Year Variable Closed
Payment & interest estimate
Est. Monthly Payment $2,000
Interest in 5 years $65,239
nesto provides you with the best available locking period in the mortgage industry (150 Days).
Nesto
Interest rate
3.57 %
5 Years Variable
5 Year Variable Mortgage (150 Day Lock)
Payment & interest estimate
Est. Monthly Payment $2,018
Interest in 5 years $66,781
Equitable Bank offers flexible mortgage solutions with competitive rates, designed to help you achieve your homeownership goals.
EQ Bank
Interest rate
3.60 %
5 Years Variable
5 Year Adjustable Mortgage - Evolution Suite
Payment & interest estimate
Est. Monthly Payment $2,024
Interest in 5 years $67,359
Marathon Mortgage
Interest rate
3.60 %
5 Years Variable
5-years Variable Closed High Ratio
Payment & interest estimate
Est. Monthly Payment $2,024
Interest in 5 years $67,359
Commission-free mortgage experts providing honest advice and competitive rates through a 100% digital, transparent process.
Nesto
Interest rate
3.60 %
3 Years Variable
3 Year Variable Mortgage
Payment & interest estimate
Est. Monthly Payment $2,024
Interest in 5 years $67,359
Interest over 3 Years $41,588
Marathon Mortgage
Interest rate
3.64 %
6 Months Fixed
6-Month Fixed Closed
Payment & interest estimate
Est. Monthly Payment $2,033
Interest in 5 years $68,132
Interest over 6 Months $7,243
Clients save an average of $3,187 when they choose Pine. For a limited time, refer a friend and you both get up to $1,000.
Pine
Interest rate
3.65 %
5 Years Variable
5 Year Adjustable Mortgage
Payment & interest estimate
Est. Monthly Payment $2,035
Interest in 5 years $68,325
We guarantee your best rate or we will give you $500! Save thousands with our volume-discounted rates.
True North Mortgage Inc
Interest rate
4.14 %
5 Years Fixed
5 Year Fixed Mortgage
Payment & interest estimate
Est. Monthly Payment $2,142
Interest in 5 years $77,818
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Mortgage rates across Canada

Explore rates by province and city

Find national mortgage offers and rates available in your province, then explore a page designed for your local market.

7 markets
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NL Newfoundland and Labrador
2 markets
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18 markets
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2 markets
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9 markets
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3 markets
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NORTH Northern Canada
3 markets
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Rates by lender

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Explore mortgage rate information from major Canadian banks, regional institutions and credit unions. Compare more than the advertised rate before choosing a provider.

How these rates are selected

Mortgage options available across Newfoundland and Labrador

RateBuddy displays national mortgage options and products available to borrowers in Newfoundland and Labrador. Actual rates, lender availability, qualification, and approval depend on the borrower, property, mortgage purpose, and lender requirements.

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Market Dynamics

Understanding Rates in Newfoundland and Labrador

Mortgage rates in Newfoundland and Labrador are driven by two main forces: Bond Yields (Fixed) and Central Bank Policy (Variable).

Variable: Floating
Fixed: Bond Driven

Bank of Canada Impact

Variable rates in Newfoundland and Labrador are directly linked to the Prime Rate. If the economy slows, rates often drop to stimulate growth—saving you money immediately.

The "Spread" Strategy

Smart borrowers in Newfoundland and Labrador watch the gap between Fixed and Variable. When fixed rates dip lower than variable, it is often a signal to lock in stability.

Hidden Costs of Buying in Newfoundland and Labrador

Beyond the mortgage rate, ensure you budget for these closing items.

Land Transfer Tax

Newfoundland and Labrador charges a provincial tax based on the property value. First-time buyers may get a rebate.

Legal Fees

Expect to pay between $800 and $1,500 for a lawyer in Newfoundland and Labrador to handle the title transfer and mortgage registration.

Appraisal

Lenders in Newfoundland and Labrador may require a professional appraisal ($300-$500) to confirm the home's value matches the loan.

Newfoundland and Labrador Mortgage Hack

Maximize Your Pre-Payment Privileges

Did you know? Most lenders in Newfoundland and Labrador allow you to pay down 10-20% of your mortgage annually without penalty.

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Shorten Amortization
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Find your mortgage path

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Provincial mortgage guidance

Mortgage questions about Newfoundland and Labrador

A competitive mortgage rate depends on current market conditions, the mortgage term, fixed or variable structure, down payment, property, credit profile, and lender requirements. Compare the available options on this page together with their terms, restrictions, and estimated payments.

Many national lenders offer similar core pricing across Canada, but product availability, provincial eligibility, local credit unions, and lender-specific programs can differ in Newfoundland and Labrador. The rates shown here are selected using availability for the province.

Compare prepayment privileges, penalties, portability, mortgage type, term length, payment flexibility, fees, and qualification requirements. A slightly higher rate may provide better flexibility or lower costs if your plans change.

A down payment below 20% generally requires mortgage default insurance, while a down payment of 20% or more usually creates a conventional mortgage. The down payment can affect available rates, amortization choices, insurance costs, and lender eligibility.

Available rates and terms can differ depending on whether you are purchasing, renewing, refinancing, or switching lenders. Use the filters to estimate payments, then review the product details and lender requirements for your specific mortgage purpose.

Closing costs can include provincial or municipal transfer charges, land-title or deed registration, legal or notary services, appraisal and inspection costs, title insurance, property-tax adjustments, home insurance, and moving expenses. The amounts and available exemptions depend on the property and transaction, so confirm them with the appropriate provincial authority and your legal professional before closing.

A mortgage pre-approval can help establish a working budget and may hold a rate for a limited period, but it is not a final approval. The lender must still review the selected property, updated income and debt information, down payment, credit profile, and all supporting documents.

The provincial Registry of Deeds charges fees to register conveyances and mortgages. Because the fee schedule can change and depends on the transaction value, use the current provincial calculator and confirm the closing estimate with the lawyer handling the purchase.
Tools and guidance

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