Atlantic Canada Mortgage Rates
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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.
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Mortgage Rate Forecast (2025-2027)
Continually updated. Where rates may go now and later — and what’s driving them.
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Historical Mortgage Rates
For Atlantic Canada - Last Updated Oct 02 2025
5 Year Fixed Rate
3.89% - 5.49%
2025 (average)
4.06%
5.54%
September
3.97%
5.49%
August
4.07%
5.49%
July
4.14%
5.49%
June
4.09%
5.49%
May
4.09%
5.49%
April
3.94%
5.49%
March
3.89%
5.54%
February
4.04%
5.69%
January
4.30%
5.69%
2024 (average)
4.63%
6.31%
December
4.24%
5.69%
November
4.34%
5.69%
October
4.34%
5.69%
September
4.24%
5.74%
August
4.47%
5.79%
July
4.64%
5.79%
June
4.69%
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
3.85% - 5%
2025 (average)
4.14%
5.08%
September
3.85%
5.00%
August
4.10%
5.00%
July
4.10%
5.00%
June
4.10%
5.00%
May
4.10%
5.00%
April
4.10%
5.00%
March
4.10%
5.00%
February
4.35%
5.25%
January
4.44%
5.44%
2024 (average)
5.52%
6.75%
December
4.35%
5.50%
November
4.85%
5.95%
October
5.10%
6.20%
September
5.25%
6.45%
August
5.50%
6.70%
July
5.50%
6.70%
June
5.75%
7.05%
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 stands out.
The Atlantic housing market overall maintains its resilience in August 2025 despite economic uncertainty posed by the U.S. trade disruption.
The region saw a 0.2% increase in average home sales year over year. Saint John, NB, led with a robust 20.7% sales increase, followed by increases in Newfoundland (6.1%) and Nova Scotia (1.7%). On the decline side, Moncton's sales fell by 14%, Prince Edward Island's by 6.1%, New Brunswick's by 3.7%, and Fredericton's by 5%.Â
The Atlantic region saw its average home prices rise by 6% to $403,018. Centres experiencing home price gains were Fredericton, NB (+23.1%), New Brunswick (+7.3%), Nova Scotia (+7%), and Newfoundland (+3.6%). Prince Edward Island's average home price remained unchanged.Â
August 2025 new listings were also up in most Atlantic centres, ranging from +22.9% in Saint John to +3.1% in Fredericton and Prince Edward Island. Newfoundland saw listings drop by 2.8%.Â
Despite the inventory increases, a seller's market continued to prevail in the Maritimes, with a 64% SNLR (sales-to-new-listings) ratio. New Brunswick, Nova Scotia and Newfoundland registered SNLRs of 65%, while Prince Edward Island remained in a balanced market at 57%.
Once upon a time, the Atlantic provinces were considered Canada's most undervalued markets. However, since 2020, these housing markets have been on a substantial growth trajectory, weathering economic volatility as their populations continue to grow. While they maintain relative home affordability compared to more expensive centres in Ontario, Alberta, and British Columbia, affordability is becoming more challenging for local buyers, especially for first-time buyers.
Can the Atlantic region continue driving housing activity gains heading into Fall 2025?
See more housing stats
Read our Housing Market Forecast (2025-2027)
Read our Rate Forecast (2025-2027)
Data Source: Sagen Housing Market Updates
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We look after you — with your best rate to help you save.
Atlantic Canada Mortgage Rates
Mortgage Rates are different across Canada. Rates are shown based on your location. If you're planning to purchase out-of-province, be sure to choose rates where the property will be located.
Canada Wide Mortgages
True North Mortgage can efficiently complete your mortgage anywhere you are in Canada — online, over the phone or at our store locations.
British Columbia
- Abbotsford ,
- Burnaby ,
- Chilliwack ,
- Coquitlam ,
- Courtenay ,
- Kamloops ,
- Kelowna ,
- Nanaimo ,
- New Westminster ,
- Prince George ,
- Richmond ,
- Saanich ,
- Surrey ,
- Vancouver ,
- Vernon ,
- Victoria ,
- White Rock
Alberta
- Airdrie ,
- Calgary ,
- Edmonton ,
- Fort McMurray ,
- Grande Prairie ,
- Lethbridge ,
- Lloydminster ,
- Medicine Hat ,
- Red Deer
Saskatchewan
Manitoba
Ontario
- Barrie ,
- Belleville ,
- Brampton ,
- Brantford ,
- Burlington ,
- Cornwall ,
- Guelph ,
- Hamilton ,
- Kanata ,
- Kingston ,
- Kitchener ,
- London ,
- Markham ,
- Milton ,
- Mississauga ,
- Niagara Falls ,
- North Bay ,
- Oakville ,
- Oshawa ,
- Ottawa ,
- Peterborough ,
- Sarnia ,
- Sault Ste. Marie ,
- St. Catharines ,
- Sudbury ,
- Thunder Bay ,
- Toronto ,
- Vaughan ,
- Windsor ,
- Woodstock
Quebec
Atlantic Canada
- Charlottetown ,
- Fredericton ,
- Halifax ,
- Moncton ,
- Saint John ,
- St. John's