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Atlantic Canada Mortgage Rates

Looking for the best mortgage rates in Atlantic Canada?

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Last Updated: Jul 23, 2024

We have your best rate, guaranteed

In beautiful Atlantic Canada, your best mortgage rate matters.

We'll help you save a pile of cash.

At True North Mortgage, our experienced mortgage brokers understand that every situation is unique. In the past few years, the housing markets in Atlantic Canada have seen the most growth nationally — and we want to help you get your lowest mortgage rate to save the most.

Come to us instead of your bank, we can lower your rate!

We know area markets inside and out, and our large volume allows us to pass along a rate discount. We have better rates than competitors and can often lower your rate from your bank!

Banks 'bank' on your business and typically offer higher rates because of it. Our expert brokers exist to provide you with a better option than having to go it alone. On your behalf, we access several accredited lenders and thousands of products to ensure you have the best rate and mortgage — which impacts your savings over the years.

Do you have more complex mortgage needs, like non-traditional income sources, or an immediate need to consolidate debt? We offer more flexibility to help find solutions outside the big-bank box — saving you time and stress when you most need it.

Contact us today! Ask us questions or get quickly pre-approved to see your best mortgage rate (for which you qualify).

It's time — to hold your rate.

Thinking of buying a home, renewing or refinancing? Now's the time to contact us. We'll hold your rates before they change. If they go up, your rate is protected for up to 4 months (depending on the lender). If they go down, your expert True North broker also helps ensure your rate hold declines.

A rate hold helps you; you can't go back to yesterday's rate if it was lower before you called us. Get peace of mind while you house-shop or figure out the best way forward, such as finding your perfect home, getting together a down payment or improving your credit (we help with all of that, too!).

Need a friendly renewal reminder? Make sure you have enough time to get your best rate and options. Set one up here.

Down-home service to go with your lower mortgage rate.

Finding a mortgage on your own can be difficult. The options are often overwhelming, and many online tools can be misleading or lack important information. We make the whole process simple and clear for your best mortgage experience, ever.

Highly trained and friendly, our True North Mortgage brokers are true to you. They're salaried and non-commissioned, so you get unbiased advice and their undivided attention for a simple, stress-free approval.

We have the most 5-star reviews in the industry for a reason — we save you money and time while helping with all your mortgage needs in your preferred language.

Give us a shout or apply online today!

Historical Mortgage Rates

For Atlantic Canada - Last Updated Jun 14 2024

5 Year Fixed Rate

4.59% - 5.79%

  2024 (average)

4.92%

6.89%

  May

4.84%

6.89%

  April

4.94%

6.89%

  March

4.89%

6.89%

  February

4.96%

6.89%

  January

4.95%

6.89%

  2023 (average)

5.06%

6.33%

  December

5.09%

6.89%

  November

5.49%

6.89%

  October

5.64%

6.89%

  September

5.59%

6.89%

  August

5.39%

6.89%

  July

5.22%

6.39%

  June

4.94%

5.92%

  May

4.57%

5.84%

  April

4.84%

5.84%

  March

4.70%

5.84%

  February

4.67%

5.84%

  January

4.54%

5.84%

  2022 (average)

4.09%

4.82%

  December

4.69%

5.82%

  November

4.92%

5.74%

  October

5.01%

5.70%

  September

4.59%

5.54%

  August

4.44%

5.54%

  July

4.49%

5.54%

  June

4.52%

5.08%

  May

4.12%

4.66%

  April

3.80%

4.25%

  March

3.17%

3.64%

  February

2.76%

3.22%

  January

2.62%

3.07%

  2021 (average)

1.97%

2.42%

  December

2.49%

2.94%

  November

2.49%

2.92%

  October

2.29%

2.66%

  September

1.94%

2.39%

  August

1.89%

2.39%

  July

1.89%

2.39%

  June

1.89%

2.39%

  May

1.89%

2.29%

  April

1.89%

2.29%

  March

1.89%

2.29%

  February

1.62%

2.06%

  January

1.52%

1.99%

  2020 (average)

2.13%

2.43%

  December

1.59%

1.99%

  November

1.69%

1.99%

  October

1.69%

2.04%

  September

1.87%

2.05%

  August

1.97%

2.23%

  July

2.09%

2.42%

  June

2.09%

2.42%

  May

2.30%

2.64%

  April

2.56%

2.87%

  March

2.41%

2.69%

  February

2.61%

2.86%

  January

2.70%

3.02%

  2019 (average)

2.85%

3.10%

  December

2.65%

2.93%

  November

2.54%

2.92%

  October

2.62%

2.94%

  September

2.50%

2.84%

  August

2.62%

2.79%

  July

2.70%

2.90%

  June

2.70%

2.90%

  May

2.89%

3.09%

  April

3.02%

3.21%

  March

3.18%

3.37%

  February

3.35%

3.58%

  January

3.39%

3.68%

  2018 (average)

3.17%

3.61%

  December

3.39%

3.80%

  November

3.40%

3.83%

  October

3.33%

3.67%

  September

3.24%

3.66%

  August

3.24%

3.66%

  July

3.15%

3.59%

  June

3.15%

3.59%

  May

3.15%

3.59%

  April

3.00%

3.54%

  March

3.00%

3.54%

  February

3.04%

3.48%

  January

2.92%

3.38%

  2017 (average)

2.53%

2.88%

  December

2.79%

3.29%

  November

2.72%

3.29%

  October

2.84%

3.27%

  September

2.75%

3.15%

  August

2.59%

2.99%

  July

2.57%

2.80%

  June

2.39%

2.49%

  May

2.24%

2.54%

  April

2.29%

2.62%

  March

2.39%

2.72%

  February

2.39%

2.72%

  January

2.44%

2.74%

  2016 (average)

2.33%

2.57%

  December

2.42%

2.69%

  November

2.20%

2.47%

  October

2.11%

2.42%

  September

2.29%

2.49%

  August

2.29%

2.49%

  July

2.29%

2.49%

  June

2.29%

2.59%

  May

2.34%

2.59%

  April

2.36%

2.59%

  March

2.39%

2.69%

  February

2.44%

2.69%

  January

2.49%

2.69%

  2015 (average)

2.52%

2.66%

  December

2.52%

2.69%

  November

2.52%

2.69%

  October

2.49%

2.59%

  September

2.49%

2.59%

  August

2.49%

2.59%

  July

2.49%

2.59%

  June

2.49%

2.59%

  May

2.49%

2.59%

  April

2.51%

2.66%

  March

2.51%

2.66%

  February

2.62%

2.82%

  January

2.62%

2.82%

  2014 (average)

2.98%

3.07%

  December

2.74%

2.89%

  November

2.92%

2.99%

  October

2.92%

2.99%

  September

2.92%

2.99%

  August

2.92%

2.99%

  July

2.92%

2.99%

  June

2.97%

3.04%

  May

2.97%

3.04%

  April

2.97%

3.04%

  March

3.02%

3.16%

  February

3.14%

3.29%

  January

3.31%

3.41%

5 Year Variable Rate

5.75% - 7.3%

  2024 (average)

5.99%

7.30%

  May

5.99%

7.30%

  April

5.99%

7.30%

  March

5.99%

7.30%

  February

5.99%

7.30%

  January

5.99%

7.30%

  2023 (average)

5.77%

6.96%

  December

5.99%

7.30%

  November

5.99%

7.30%

  October

5.99%

7.30%

  September

5.99%

7.30%

  August

5.99%

7.30%

  July

6.00%

7.19%

  June

5.75%

6.85%

  May

5.50%

6.60%

  April

5.50%

6.60%

  March

5.50%

6.60%

  February

5.50%

6.60%

  January

5.50%

6.60%

  2022 (average)

2.91%

3.77%

  December

5.25%

6.28%

  November

4.75%

5.70%

  October

4.75%

5.70%

  September

4.25%

4.95%

  August

3.50%

4.45%

  July

3.20%

4.45%

  June

2.59%

3.35%

  May

2.15%

2.75%

  April

1.65%

2.45%

  March

1.13%

1.85%

  February

0.99%

1.65%

  January

0.99%

1.55%

  2021 (average)

1.32%

1.58%

  December

1.05%

1.55%

  November

1.0%

1.55%

  October

1.35%

1.55%

  September

1.35%

1.55%

  August

1.35%

1.55%

  July

1.35%

1.55%

  June

1.35%

1.55%

  May

1.35%

1.55%

  April

1.35%

1.55%

  March

1.35%

1.55%

  February

1.44%

1.65%

  January

1.50%

1.75%

  2020 (average)

2.04%

2.24%

  December

1.65%

1.78%

  November

1.70%

1.80%

  October

1.70%

1.90%

  September

1.80%

1.88%

  August

1.80%

2.00%

  July

1.95%

2.04%

  June

1.95%

2.04%

  May

2.05%

2.20%

  April

2.06%

2.38%

  March

2.38%

2.61%

  February

2.75%

3.10%

  January

2.75%

3.10%

  2019 (average)

2.75%

3.20%

  December

2.75%

3.10%

  November

2.75%

3.10%

  October

2.75%

3.10%

  September

2.75%

3.10%

  August

2.75%

3.10%

  July

2.75%

3.10%

  June

2.75%

3.10%

  May

2.73%

3.20%

  April

2.75%

3.20%

  March

2.75%

3.40%

  February

2.75%

3.45%

  January

2.75%

3.45%

  2018 (average)

2.38%

2.90%

  December

2.75%

3.35%

  November

2.75%

3.25%

  October

2.56%

3.06%

  September

2.41%

2.80%

  August

2.41%

2.80%

  July

2.41%

2.80%

  June

2.21%

2.60%

  May

2.21%

2.60%

  April

2.21%

2.85%

  March

2.21%

2.85%

  February

2.21%

2.85%

  January

2.17%

2.94%

  2017 (average)

1.90%

2.47%

  December

1.98%

2.75%

  November

1.98%

2.75%

  October

2.05%

2.75%

  September

2.15%

2.69%

  August

1.90%

2.50%

  July

1.93%

2.50%

  June

1.75%

2.25%

  May

1.75%

2.25%

  April

1.77%

2.25%

  March

1.80%

2.30%

  February

1.80%

2.30%

  January

1.90%

2.30%

  2016 (average)

2.04%

2.30%

  December

1.90%

2.30%

  November

1.90%

2.30%

  October

1.90%

2.30%

  September

1.95%

2.30%

  August

1.95%

2.30%

  July

1.95%

2.30%

  June

2.15%

2.30%

  May

2.15%

2.30%

  April

2.15%

2.30%

  March

2.15%

2.30%

  February

2.15%

2.30%

  January

2.15%

2.30%

  2015 (average)

1.98%

2.19%

  December

2.13%

2.20%

  November

2.04%

2.16%

  October

1.90%

2.05%

  September

1.90%

2.05%

  August

1.90%

2.05%

  July

1.90%

2.25%

  June

2.05%

2.25%

  May

2.00%

2.25%

  April

2.00%

2.25%

  March

2.00%

2.25%

  February

2.00%

2.25%

  January

1.98%

2.28%

  2014 (average)

2.38%

2.49%

  December

2.15%

2.35%

  November

2.30%

2.50%

  October

2.30%

2.50%

  September

2.40%

2.50%

  August

2.40%

2.50%

  July

2.40%

2.50%

  June

2.40%

2.50%

  May

2.40%

2.50%

  April

2.40%

2.50%

  March

2.45%

2.50%

  February

2.50%

2.50%

  January

2.50%

2.50%

A picture of maritime beauty? Atlantic Canada's housing market holding its own.

In the first quarter of 2024, the Atlantic housing market held a marginal 1.8% increase in sales provincially over last year, with only Moncton (-4.0%) and Newfoundland (-9.0%) logging decreases.

The average home price is also up 8% over last year at $360,789, despite slight declines early in the year — though prices were up by about 20% in both Moncton and Saint John.

Most area markets are also tilted to favour sellers. Despite new listings increasing this quarter by an average of about 10%, enough buyers emerged, looking for a deal.

As Canada's previously most undervalued market, the Atlantic provinces and centres have seen substantial growth in the past few years and are expected to show continued resilience, weathering higher interest rates and economic volatility with continued population gains.

Will housing activity and home-price pressures increase this year, especially if interest rates look to start their decline?

Data Source: Sagen Housing Market Updates

We look after you — with your best rate to help you save.