Newfoundland and Labrador mortgage rates.
Most affordable major-market home prices in Atlantic Canada, with St. John's dominating origination. Strong commission and offshore-worker income files.
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Newfoundland and Labrador rates by term
Compare the best Newfoundland and Labrador rate for each term — fixed and variable.
NL has thinner lender competition than larger provinces — Big-6 + monolines plus NL Credit Union dominate. Offshore-worker income files (oil platform workers, marine sector) are common and require lenders that handle rotational schedules and overseas income properly.
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Today’s rate read · Newfoundland and Labrador
AI-generated from the live board · live feed · as of 2026-07-08T18:32:32.494Z
The best 5-year fixed mortgage rate is currently 4.19%, while the best 5-year variable rate is at 3.60%, indicating that fixed rates are higher than variable rates by 59 basis points. The lender's prime rate is 5.95%, and the Bank of Canada's overnight rate is 4.25%, suggesting a potential downward trend in borrowing costs.
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