Atlantic Canada Mortgage Rates

Looking for the best mortgage rates in Atlantic Canada?

We've got the goods. Call or chat with our brokers online!

We'll beat any competitor's offer

Along with exceptional service, we offer your best mortgage rates in Atlantic Canada.

At True North Mortgage, our experienced mortgage brokers understand that every mortgage situation is unique. Highly-trained and friendly, we're ready to help you find the perfect solution for your needs.

Our 5-star customer service β€” combined with our lower rates β€” is the reason we are the best-rated mortgage brokers in Atlantic Canada. We know area markets inside and out, and our large volume allows us to get better rates than any of our competitors, and even from your own bank.

We're confident that we can offer your best-possible mortgage rate in Atlantic Canada. In fact, if you find a lower rate on a similar mortgage, we’ll beat it or give you $500 cash.

Apply now to see your lowest possible qualifying rate, and hold it for up to 4 months, depending on the lender.

The real estate market in Atlantic Canada

The housing market in Atlantic Canada continues to benefit from strong buyer interest and increased demand, which is pulling inventory levels in most regions to the lowest in several years. A previously undervalued market has allowed gains to encroach, and encroach they have. Historically-low interest rates are helping the push, and experts expect this current trend to remain on course for the next few months, with an eye on higher inflation and possible upcoming prime rate increases.

Calculating mortgage rates in Atlantic Canada

While certain regulations are standard across Canada, rates can vary based on location. You must qualify for your mortgage rate, and factors like personal credit and equity in a current home can impact the rates offered.

The rate will also vary depending on the purpose of the mortgage. Rates are higher on a property that you do not plan to live in personally. As a result, the lowest advertised rates on the internet may not be available to everyone. We will work closely with you to analyze your financial situation and determine which products are most suitable for you. We can also tell you what range of mortgage rates you should expect.

If you’re just starting your research, check out our online tools, such as our mortgage calculators, or contact us and we can help outline the details for you.

What mortgage insurance is available?

To purchase a home in Canada you must have a minimum down payment of 5%, and the maximum loan term is 25 years.

If you buy a home with a down payment of less than 20%, you are required to purchase mortgage default insurance.

Mortgage default insurance, also referred to as CMHC (Canada Mortgage and Housing Corporation), protects lenders from a consumer defaulting on their loan. This insurance allows lenders to offer lower mortgage rates and down payment requirements.

The premiums for this insurance are an added cost to you, and the amount is calculated based on a percentage of the total mortgage amount.

While CMHC is the most commonly known mortgage insurance provider, you can also find insurance through Canada Guaranty or Sagen Financial.

Mortgage rates in Atlantic Canada

There are two different types of mortgage rates: variable and fixed. The interest on fixed-rate mortgages is set when the loan is initiated and will not change, while the interest on variable-rate mortgages may go up and down, depending on benchmark rate movement.

Get 5-star service, while saving thousands on your mortgage.

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.

At True North Mortgage, our expert brokers are dedicated to going above and beyond to help you secure the best possible mortgage rate and product for your situation.

Whether you're purchasing, renewing, refinancing, or investing in your next property β€” our strong relationships with lenders allow us to access thousands of products on your behalf. We quickly determine the right fit for you to save even more money later, with flexible options that forward your financial goals.

We know that buying a home is so much more than just getting the best rate. We're here to make your mortgage process easy and stress-free. From beginning to end β€” we've got this.

Give us a shout today β€” online, at our store location, over the phone, or through our chat. We can help you anywhere you are in Atlantic Canada.

Historical Mortgage Rates

For Atlantic Canada - Last Updated May 04 2022

5 Year Fixed Rate

4.09% - 4.74%

  2022 (average)

3.09%

3.55%

  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

2.15% - 2.75%

  2022 (average)

1.19%

1.88%

  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%

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 β€” online, over the phone or at our store locations.