Mortgage Rates in Halifax, NS
Compare live mortgage rates from 50+ lenders serving Halifax. Free quotes from licensed NS mortgage brokers — no credit check required.
Current Best Rate
4.89%
5-Year Fixed
Avg Home Price
$480,000
Market
Balanced MarketGet Halifax Mortgage Quotes
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Current Halifax Mortgage Rates
| Rate Type | Best Rate |
|---|---|
| 5-Year Fixed | 4.89% |
| 5-Year Variable | 5.45% |
| 3-Year Fixed | 4.74% |
| 2-Year Fixed | 5.10% |
| 1-Year Fixed | 5.65% |
| HELOC | 6.20% |
*Based on $480,000 home price, 20% down ($384,000 mortgage), 25-year amortization, Canadian semi-annual compounding. Last updated: May 25, 2026. Best rates available to qualified borrowers with 20%+ down payment.
The Halifax Mortgage Market
Halifax's mortgage market has emerged as one of Atlantic Canada's most dynamic, with average home prices of $480,000 reflecting significant appreciation from pre-pandemic levels when homes averaged closer to $300,000. At current 5-year fixed rates of 4.89%, a Halifax buyer with 20% down pays approximately $2,244/month — qualifying on a household income of approximately $82,000.
Halifax's deed transfer tax of 1.5% adds approximately $7,200 to closing costs on the average home, an important consideration for budget planning. The city's four universities (Dalhousie, Saint Mary's, MSVU, NSCAD) create exceptional rental demand and support both the owner-occupied and investment markets.
Halifax's growing defence sector, tech companies like Invest Nova Scotia's portfolio companies, and federal government presence provide employment stability. The North End and Gottingen Street corridor continue to attract young professionals with their walkable urban character and investment in new development.
The Dartmouth side of the harbour offers typically $50,000–$80,000 in savings on comparable properties with ferry and bridge access to Halifax — many first-time buyers are finding Dartmouth offers the best value in HRM. Bedford, Hammonds Plains, and Sackville offer suburban alternatives with strong school options for families.