Nova ScotiaLive ratesUpdated Oct 9, 2026

Nova Scotia mortgage rates.

Atlantic Canada's largest mortgage market, anchored by Halifax with strong in-migration from Ontario and BC pushing prices up over the past 5 years.

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Best Nova Scotia 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

Apply now

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

Apply now

TD Canada Trust

Bank

10-yr

Fixed

5.34%$3,366/mo

Apply now

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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Nova Scotia rates by term

Compare the best Nova Scotia 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

$465,412

Nova Scotia province-wide average residential price, Nova Scotia Association of REALTORS® (via CREA), July 2026. See the release.

Nova Scotia Deed Transfer Tax

Municipal — set by each Nova Scotia municipality, and capped at 1.5% by the Municipal Government Act. Halifax Regional Municipality charges the full 1.5%, and so do most others: most municipalities charge 1.5%; some charge 1.0% or 1.25%. Confirm the rate for the specific municipality before closing — 1.5% is the norm rather than the exception.

Nova Scotia does not currently offer a first-time buyer Deed Transfer Tax rebate.

Deed transfer tax in Nova Scotia is set by each municipality — confirm with your lawyer the exact rate for the municipality you're buying in.

Regulator

Service Nova Scotia (Real Estate Registrar)

Official site →

Top Nova Scotia lenders

RBCScotiabankTDEast Coast Credit UnionMCAPFirst National

Why Nova Scotia rates work the way they do

Nova Scotia has seen the strongest price growth in Atlantic Canada (driven by Ontario/BC in-migration to Halifax during 2020-2023). Halifax now sees Big-6 + monoline competition similar to mid-size Ontario markets; rural NS files often go through credit unions or alt-lenders.

Foreign-buyer rules: Federal foreign-buyer ban applies through 2027. Nova Scotia's Non-Resident Provincial Deed Transfer Tax is 10% on agreements of purchase and sale signed after 31 March 2025 — doubled from the 5% that applied from 1 July 2023 — and it is very much in force rather than withdrawn. It applies to residential property of three dwelling units or fewer, including residential vacant land, on the ownership interest transferred to non-residents, calculated on the higher of price or assessed value. A non-resident individual who moves to Nova Scotia within six months is exempt, on proof of residency.

Mortgage brokers in Nova Scotia

Same FSRA license, same 100+ lender network — applied to each Nova Scotia market.

All Nova Scotia cities →

Rate read · Nova Scotia

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 Nova Scotia 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

Nova Scotia mortgage rates — common questions.

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What is the Halifax Deed Transfer Tax on a $600K home?

Approximately $9,000 (1.5% on the full purchase price). Halifax is one of the highest municipal deed transfer rates in Atlantic Canada. Other NS municipalities like Cape Breton Regional Municipality charge 1.0% (~$6,000 on the same property).

Are out-of-province buyers welcome in Nova Scotia?

Yes — Canadian buyers from other provinces face no provincial barrier (the federal foreign-buyer ban applies only to non-Canadians). Out-of-province purchases in Halifax have been a major demand driver since 2020. We handle remote closings for out-of-province buyers regularly.

Is East Coast Credit Union a good mortgage option in NS?

Yes — East Coast Credit Union is one of Atlantic Canada's largest financial cooperatives with competitive Nova Scotia mortgage rates and often more flexible qualification for self-employed and rural-property files. We compare them on every applicable NS file.

Which Nova Scotia areas have the strongest investor demand?

Halifax Regional Municipality (especially the downtown and Bedford/Clayton Park areas) sees the bulk of NS investor activity. Lunenburg, Wolfville, and South Shore tourist-economy properties also see short-term-rental investor files. Cape Breton remains affordable but with thinner financing options.

Rates in other provinces

Same broker, every province — pick yours.

National rate table →

Ontario British Columbia Alberta Quebec Manitoba Saskatchewan New Brunswick Newfoundland and Labrador Prince Edward Island

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