Balanced Market

Mortgage Rates in Nova Scotia

Nova Scotia saw dramatic price increases during the pandemic era as remote workers relocated from central Canada. The market has since stabilized with Halifax remaining Atlantic Canada's most active real estate market.

Avg Home Price

$410,000

Benchmark Price

$390,000

Year-Over-Year

↑ 0.8%

Best 5-Yr Fixed

4.89%

Today's Best Rates in NS

📅 Page updated: July 9, 2026·⚡ Rate data: May 25, 2026·Methodology

Rate Type	Best Rate	Monthly Payment*	Term
5-Year Fixed	4.89%	~$2,301/mo	5 Years
5-Year Variable	5.45%	~$2,430/mo	5 Years
3-Year Fixed	4.74%	~$2,268/mo	3 Years
2-Year Fixed	5.1%	~$2,349/mo	2 Years
HELOC	6.2%	~$2,583/mo (interest only)	Revolving

*Based on $500K mortgage, 25-year amortization, Canadian semi-annual compounding. Last updated: May 25, 2026.

Bank vs. Broker Rate Comparison

See how Big 6 posted rates stack up against the best broker rates available in Nova Scotia.

Lender	Type	5-Yr Fixed	3-Yr Fixed	5-Yr Variable	Action
National Bank	Bank	4.43%	4.44%	4.49%	Get Quote →
CIBC	Bank	4.51%	4.51%	4.12%	Get Quote →
RBC Royal Bank	Bank	4.62%	4.43%	3.98%	Get Quote →
BMO	Bank	4.76%	4.67%	4.12%	Get Quote →
TD Bank	Bank	4.96%	4.72%	4.31%	Get Quote →
Scotiabank	Bank	6.09%	6.05%	4.90%	Get Quote →
TOPTop Broker 🏆	Broker	4.89%	4.74%	5.45%	Get My Rate →

Bank rates shown are posted rates sourced from Bank of Canada. Actual rates may vary. Broker rates reflect best available insured rates from 50+ lenders. Last updated: May 25, 2026.

Land Transfer Tax in Nova Scotia

Halifax PACE financing available for energy upgrades

First-Time Buyer Programs in Nova Scotia

First Home Savings Account (FHSA)
RRSP Home Buyers Plan
CMHC Mortgage Insurance

Mortgage Rates by City in Nova Scotia

Halifax

Avg $480,000

+1.2%

Dartmouth

Avg $420,000

+0.8%

Sydney

Avg $270,000

+0.6%

Truro

Avg $310,000

+1.4%

Frequently Asked Questions

What is the average home price in Nova Scotia?

The average home price in Nova Scotia is approximately $410,000, with Halifax averaging around $480,000. Prices have stabilized after significant pandemic-era gains.

Is there a land transfer tax in Nova Scotia?

Nova Scotia charges a deed transfer tax set by each municipality, typically 1-1.5% of the purchase price. Halifax charges 1.5%.

What is the average mortgage rate in Nova Scotia?

The best 5-year fixed mortgage rate in Nova Scotia is currently around 4.89%, consistent with national rates.

Is Halifax real estate a good investment?

Halifax has strong fundamentals including a growing university population, tech sector growth, and continued interprovincial migration. The rental market remains tight.

What programs help first-time buyers in Nova Scotia?

Nova Scotia first-time buyers can access the federal FHSA, Home Buyers Plan, and CMHC insured mortgages. Halifax offers PACE financing for energy-efficient home improvements.

How do mortgage brokers work in Nova Scotia?

Nova Scotia mortgage brokers are licensed by the Nova Scotia Mortgage Brokers Registration Act and can access rates from multiple lenders for free to borrowers.

Is it a good time to buy in Halifax?

Halifax prices have softened from 2022 peaks, presenting opportunities for buyers. Strong population growth and limited supply suggest continued long-term appreciation.

What credit score do I need for a mortgage in Nova Scotia?

Most Nova Scotia lenders require a minimum 680 credit score for the best rates. Alternative lenders can work with scores as low as 600.

Get Your NS Rate Quote

Licensed Nova Scotia brokers — free, no credit check.

Get matched with a licensed Nova Scotia mortgage broker today

Access 50+ lenders. No credit check. Completely free.

Get Free Quotes →