Newfoundland & Labrador rates
Mortgage rates in Newfoundland & Labrador
Today's fixed and variable rates for Newfoundland & Labrador homebuyers and homeowners, in CAD. Your rate depends on your profile, property, and whether your mortgage is insured.
4.45%
Prime rate
3.25%
5-yr GoC bond yield
5.25%
Benchmark qualifying rate
Newfoundland & Labrador rates
Today's Newfoundland & Labrador mortgage rates
| Term | Type | Insured | Uninsured | Notes | |
|---|---|---|---|---|---|
| 1-year | Fixed | 5.59% | 5.79% | Maximum flexibility | Get this rate |
| 2-year | Fixed | 5.14% | 5.34% | - | Get this rate |
| 3-year | Fixed | 4.94% | 5.09% | Shorter commitment | Get this rate |
| 4-year | Fixed | 4.89% | 5.04% | - | Get this rate |
| 5-year | Fixed | 4.79% | 4.99% | Most popular | Get this rate |
| 5-year | Variable | 5.20% | 5.40% | Prime − 0.90% | Get this rate |
Illustrative, in CAD, and subject to change. Insured rates require qualifying default insurance (typically less than 20% down). Your rate is subject to qualification, the stress test, and approval. Not an offer of credit.
Closing costs
Buying in Newfoundland & Labrador
Newfoundland & Labrador charges land transfer tax on a home purchase. Primarily registration fees.
On a $500,000 home
$2,000
Estimated land transfer tax
FAQ
Newfoundland & Labrador mortgage questions
The lowest advertised rate isn't always the best fit - your rate depends on your down payment, credit, property type, and whether the mortgage is insured. We shop multiple lenders to find your best overall option.
Across Canada
Rates in other provinces
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