Newfoundland Mortgage Rates.

As of April 19th, 2021
Today's Best 5-Year Rate Newfoundland
1.65%
Fixed
1.29%
Variable

Newfoundland Mortgage Rates

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

I am looking to get rates for:
Term Length
Type
Home Price
Downpayment
%
Mortgage Amount
Amortization
Years
LenderRateMonthly Payment
Alterna Savings
Alterna Savings
1.65%
$1,832
DUCA
DUCA
1.84%
$1,872
motusbank
motusbank
1.89%
$1,883
Canada Life
Canada Life
2.02%
$1,912
Equitable
Equitable
2.04%
$1,916
Coast Capital
Coast Capital
2.04%
$1,916
First National
First National
2.09%
$1,927
Peoples Bank
Peoples Bank
2.09%
$1,927
Tangerine
Tangerine
2.14%
$1,938
Canadian Western
Canadian Western
2.14%
$1,938
HSBC
HSBC
2.19%
$1,949

Notes

  • 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.

Newfoundland and Labrador at a Glance

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.

Mortgage Rates By City

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.