Newfoundland and LabradorLive ratesUpdated Oct 9, 2026

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.

FSRA #13737| 15+ languages

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Best Newfoundland and Labrador rates

Updated Oct 9, 2026

5-yr fixed

4.19%

5-yr variable

3.50%

3-yr fixed

4.04%

2-yr fixed

3.99%

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Live · updated Oct 9, 2026

Lowest offer per term across 100+ lenders

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Lender

Term

Type

Rate

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Marathon Mortgage Corp Best

Monoline Broker-only

5-yr

Variable

3.50%$2,796/mo

Apply now

Marathon Mortgage Corp Best

5-yr · Variable Broker-only

3.50%

$2,796/mo

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Radius Financial

Monoline Broker-only

3-yr

Variable

3.55%$2,811/mo

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Radius Financial

3-yr · Variable Broker-only

3.55%

$2,811/mo

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Marathon Mortgage Corp

Monoline Broker-only

0.5-yr

Fixed

3.64%$2,837/mo

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Marathon Mortgage Corp

0.5-yr · Fixed Broker-only

3.64%

$2,837/mo

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Scotiabank

Bank

2-yr

Fixed

3.99%$2,943/mo

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Scotiabank

2-yr · Fixed

3.99%

$2,943/mo

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Scotiabank

Bank

3-yr

Fixed

4.04%$2,958/mo

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Scotiabank

3-yr · Fixed

4.04%

$2,958/mo

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RFA Bank of Canada

A_LENDER

1-yr

Fixed

4.19%$3,004/mo

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RFA Bank of Canada

1-yr · Fixed

4.19%

$3,004/mo

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Pine

A_LENDER Broker-only

5-yr

Fixed

4.19%$3,004/mo

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Pine

5-yr · Fixed Broker-only

4.19%

$3,004/mo

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Scotiabank

Bank

4-yr

Fixed

4.24%$3,019/mo

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Scotiabank

4-yr · Fixed

4.24%

$3,019/mo

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Scotiabank

Bank

7-yr

Fixed

5.00%$3,257/mo

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Scotiabank

7-yr · Fixed

5.00%

$3,257/mo

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Wealth One Bank of Canada

Alternate

1-yr

Variable

5.05%$3,273/mo

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Wealth One Bank of Canada

1-yr · Variable

5.05%

$3,273/mo

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TD Canada Trust

Bank

6-yr

Fixed

5.19%$3,318/mo

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TD Canada Trust

6-yr · Fixed

5.19%

$3,318/mo

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TD Canada Trust

Bank

10-yr

Fixed

5.34%$3,366/mo

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TD Canada Trust

10-yr · Fixed

5.34%

$3,366/mo

Apply now

Est. payment shown on a $700,000 home, 20% down, 25-yr amortization. O.A.C., E.&O.E.

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Newfoundland and Labrador rates by term

Compare the best Newfoundland and Labrador rate for each term — fixed and variable.

5-Year Fixed 5-Year Variable 3-Year Fixed 3-Year Variable 2-Year Fixed 1-Year Fixed 4-Year Fixed 7-Year Fixed 10-Year Fixed

Average price

$366,413

Newfoundland and Labrador province-wide average residential price, NL Association of REALTORS® (via CREA), July 2026. See the release.

NL Registration Fees (no LTT)

Newfoundland and Labrador charges no Land Transfer Tax at all. You pay a Registration of Deeds fee instead: $100 where the value is $500 or less, and above that $100 plus $0.40 for each additional $100 or part of it. Note that the $5,000 maximum quoted by many calculators applies to MORTGAGES and charges, not to a conveyance — there is no cap on the deed side.

Regulator

Digital Government and Service NL (Real Estate Trading)

Official site →

Top Newfoundland and Labrador lenders

RBCScotiabankTDNewfoundland and Labrador Credit UnionMCAPFirst National

Why Newfoundland and Labrador rates work the way they do

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.

Mortgage brokers in Newfoundland and Labrador

Same FSRA license, same 100+ lender network — applied to each Newfoundland and Labrador market.

All Newfoundland and Labrador cities →

Rate read · Newfoundland and Labrador

From the live rate board · as of Oct 9, 2026

4.19%

5-yr fixed

3.50%

5-yr variable

4.45%

Lender prime

4.25%

BoC overnight

The lowest 5-year fixed in Newfoundland and Labrador on our board is 4.19% and the lowest 5-year variable 3.50%, against lender prime of 4.45%. Fixed is 69 basis points above variable. The Bank of Canada overnight rate is 4.25%, lowered at the last decision; variable rates follow prime, which moves with it.

Ask Maya Get my real rate Estimates only — your rate depends on your file. FSRA #13737.

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FAQ

Newfoundland and Labrador mortgage rates — common questions.

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Does Newfoundland and Labrador have a land transfer tax?

No — NL does not charge a provincial LTT. You pay only Document Registration Fees at approximately $100 plus $0.40 per $100 of property value above $500. On a $350K St. John's home, that's roughly $1,500.

How do lenders handle offshore-worker income in NL?

Most A-lenders accept rotational offshore income (oil platform workers, marine sector) using the 2-year average of T4 box 14 plus consistent overtime/premium pay. Some lenders apply a haircut on overseas-component pay; we shop lenders with the most favourable treatment for your specific employer.

Which NL areas have the highest mortgage volume?

St. John's metro (~$345K average) accounts for the majority of provincial origination. The Avalon Peninsula sees the bulk of new construction; rural NL areas tend toward smaller files with more credit union and alt-lender involvement.

Are there special programs for first-time buyers in NL?

Federally, the First-Time Home Buyer Tax Credit ($1,500) and the FHSA + RRSP Home Buyers' Plan stack apply. Provincially, NL offers the Home Heating Supplement (not mortgage-related) and various rural incentive programs in specific communities — confirm with the municipality you're buying in.

Rates in other provinces

Same broker, every province — pick yours.

National rate table →

Ontario British Columbia Alberta Quebec Manitoba Saskatchewan Nova Scotia New Brunswick Prince Edward Island

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