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Atlantic Canada Mortgage Rates

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Last Updated: Jul 04, 2025

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In beautiful Atlantic Canada, your best mortgage rate matters.

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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).

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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!).

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Historical Mortgage Rates

For Atlantic Canada - Last Updated Jun 02 2025

5 Year Fixed Rate

4.09% - 5.49%

  2025 (average)

4.06%

5.57%

  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

4.1% - 5%

  2025 (average)

4.20%

5.12%

  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 holds its own.

The Atlantic housing market continued its robust activity in April 2025, reporting a 3.9% increase in home sales compared to the same month in 2024. Newfoundland led the way with a 7.1% gain, followed by Halifax, NS, at 4.6% and Prince Edward Island with 3%. Only New Brunswick reported a sales decline of 2.1%, pulled down by dips of 1.8% in Moncton and 0.6% in Saint John.

All main centres saw their average home prices rise, bringing the Atlantic region's average home price up by 4.9% to $380,472. Prince Edward Island and Newfoundland experienced the steepest home price gains, at 10.9% and 7.9%, respectively.

Overall, a seller's market prevailed in this region, with a 65% April 2025 SNLR (sales-to-new-listings) ratio. Halifax's 74% SNLR contributed to Nova Scotia's average rising to 67%. Newfoundland and New Brunswick came in at 65%, and Prince Edward Island was the only balanced market with a 52% SNLR.

Once upon a time, the Atlantic provinces were considered Canada's most undervalued markets. However, since 2020, they've seen substantial growth and are expected to continue their housing market resilience, weathering economic volatility as their population grows.

Despite tariff-related uncertainty, this region's housing market still exhibits better housing affordability compared to more expensive Canadian centres in Ontario and BC, while still meeting demand. Other factors, such as migration, lower mortgage rates, and income growth, also underlie strong market conditions.

Can the Atlantic region continue driving housing activity gains heading into Summer 2025?

Data Source: Sagen Housing Market Updates

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