Mortgage Rates in Newfoundland.

As of January 23rd, 2021
Today's Best 5-Year Rate Newfoundland
1.68%
Fixed
1.55%
Variable
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Best Newfoundland Mortgage Rates

Best mortgage rates sorted for you by mortgage term length

Mortgage TermFixed RateVariable Rate
1 YEAR TERM
1.64%
Get Rate
No Rate
2 YEAR TERM
1.64%
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No Rate
3 YEAR TERM
1.64%
Get Rate
2.45%
Get Rate
4 YEAR TERM
1.64%
Get Rate
No Rate
5 YEAR TERM
1.68%
Get Rate
1.55%
Get Rate

While we try our best to get you the best rates, we cannot guarantee that they are always accurate. WOWA assumes no liability for the accuracy of the information presented, and will not be held responsible for any damages resulting from its use.

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Current Mortgage Rates Newfoundland

Find the most up to date mortgage rates tailored to your needs. Just adjust the values below.

Term Length
Type
Home Price
Downpayment
%
Mortgage Amount
Amortization
I am looking to get rates for:
LenderRateMonthly Payment
Canada Life
Canada Life
1.68%
$1,838
Equitable
Equitable
Get This Rate
1.69%
$1,840
FN
FN
Get This Rate
1.74%
$1,851
Simplii Financial
Simplii Financial
1.76%
$1,855
Peoples Bank
Peoples Bank
Get This Rate
1.79%
$1,862
TD
TD
Get This Rate
1.84%
$1,872
BMO
BMO
1.93%
$1,892
motusbank
motusbank
1.95%
$1,896
Tangerine
Tangerine
Get This Rate
1.99%
$1,905
MCAP
MCAP
Get This Rate
2.04%
$1,916
Investors Group
Investors Group
2.04%
$1,916
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Notes

  • Weekly changes compared to January 23rd, 2021
  • These rates are for Prime customers. To qualify, you generally need a good credit score and a steady job.
  • The following rates may not be valid for uninsured mortgages.

Mortgage Rates in Newfoundland and Labrador

Newfoundland and Labrador is Canada’s easternmost province. St. John’s, the province’s largest city, has a population just over 100,000 and an average single-family home price of $274,000. The average price of all homes in Newfoundland and Labrador as of October 2020 was $246,705.

Canada’s Big Banks all have branches in Newfoundland and Labrador, including RBC, TD, Scotiabank, BMO, and CIBC, as well as others, such as HSBC.

Mortgage Brokers

Mortgage brokers are licensed by Digital Government and Service NL. There were 71 licensed mortgage brokers as of November 2020. Under the Mortgage Brokers Regulations through the Mortgage Brokers Act, mortgage brokers and mortgage lenders cannot charge a bonus more than 1% of the principal amount plus $100. This bonus does not include any application fee that may be charged by a mortgage lender. Mortgage brokers that make less than $1,000 annually will not need a mortgage broker license. Mortgage brokers include nationally operating ones, such as Dominion Lending Centres, Centum, Mortgage Architects, IntelliMortgage, Invis, First National, and Verico. Others include Nesto, A Plus Mortgage Group, and Dream Escape Mortgage Brokers.

While we try our best to get you the best rates, we cannot guarantee that they are always accurate. WOWA assumes no liability for the accuracy of the information presented, and will not be held responsible for any damages resulting from its use.