Atlantic Canada Mortgage Rates
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At True North Mortgage, our experienced mortgage brokers understand that every situation is unique. In the past few years, the housing markets in Atlantic Canada have seen the most growth nationally — and we want to help you get your lowest mortgage rate to save the most.
Come to us instead of your bank, we can lower your rate!
We know area markets inside and out, and our large volume allows us to pass along a rate discount. We have better rates than competitors and can often lower your rate from your bank!
Banks 'bank' on your business and typically offer higher rates because of it. Our expert brokers exist to provide you with a better option than having to go it alone. On your behalf, we access several accredited lenders and thousands of products to ensure you have the best rate and mortgage — which impacts your savings over the years.
Do you have more complex mortgage needs, like non-traditional income sources, or an immediate need to consolidate debt? We offer more flexibility to help find solutions outside the big-bank box — saving you time and stress when you most need it.
Contact us today! Ask us questions or get quickly pre-approved to see your best mortgage rate (for which you qualify).
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2024 Mortgage Rate Forecast
Continually updated. Will the pace of rate cuts increase this year and into 2025? CEO…
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Thinking of buying a home, renewing or refinancing? Now's the time to contact us. We'll hold your rates before they change. If they go up, your rate is protected for up to 4 months (depending on the lender). If they go down, your expert True North broker also helps ensure your rate hold declines.
A rate hold helps you; you can't go back to yesterday's rate if it was lower before you called us. Get peace of mind while you house-shop or figure out the best way forward, such as finding your perfect home, getting together a down payment or improving your credit (we help with all of that, too!).
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Finding a mortgage on your own can be difficult. The options are often overwhelming, and many online tools can be misleading or lack important information. We make the whole process simple and clear for your best mortgage experience, ever.
Highly trained and friendly, our True North Mortgage brokers are true to you. They're salaried and non-commissioned, so you get unbiased advice and their undivided attention for a simple, stress-free approval.
We have the most 5-star reviews in the industry for a reason — we save you money and time while helping with all your mortgage needs in your preferred language.
Give us a shout or apply online today!
Historical Mortgage Rates
For Atlantic Canada - Last Updated Nov 13 2024
5 Year Fixed Rate
4.34% - 5.69%
2024 (average)
4.74%
6.52%
September
4.24%
5.74%
August
4.47%
5.79%
July
4.64%
5.79%
June
4.69%
6.89%
May
4.84%
6.89%
April
4.94%
6.89%
March
4.89%
6.89%
February
4.96%
6.89%
January
4.95%
6.89%
2023 (average)
5.06%
6.33%
December
5.09%
6.89%
November
5.49%
6.89%
October
5.64%
6.89%
September
5.59%
6.89%
August
5.39%
6.89%
July
5.22%
6.39%
June
4.94%
5.92%
May
4.57%
5.84%
April
4.84%
5.84%
March
4.70%
5.84%
February
4.67%
5.84%
January
4.54%
5.84%
2022 (average)
4.09%
4.82%
December
4.69%
5.82%
November
4.92%
5.74%
October
5.01%
5.70%
September
4.59%
5.54%
August
4.44%
5.54%
July
4.49%
5.54%
June
4.52%
5.08%
May
4.12%
4.66%
April
3.80%
4.25%
March
3.17%
3.64%
February
2.76%
3.22%
January
2.62%
3.07%
2021 (average)
1.97%
2.42%
December
2.49%
2.94%
November
2.49%
2.92%
October
2.29%
2.66%
September
1.94%
2.39%
August
1.89%
2.39%
July
1.89%
2.39%
June
1.89%
2.39%
May
1.89%
2.29%
April
1.89%
2.29%
March
1.89%
2.29%
February
1.62%
2.06%
January
1.52%
1.99%
2020 (average)
2.13%
2.43%
December
1.59%
1.99%
November
1.69%
1.99%
October
1.69%
2.04%
September
1.87%
2.05%
August
1.97%
2.23%
July
2.09%
2.42%
June
2.09%
2.42%
May
2.30%
2.64%
April
2.56%
2.87%
March
2.41%
2.69%
February
2.61%
2.86%
January
2.70%
3.02%
2019 (average)
2.85%
3.10%
December
2.65%
2.93%
November
2.54%
2.92%
October
2.62%
2.94%
September
2.50%
2.84%
August
2.62%
2.79%
July
2.70%
2.90%
June
2.70%
2.90%
May
2.89%
3.09%
April
3.02%
3.21%
March
3.18%
3.37%
February
3.35%
3.58%
January
3.39%
3.68%
2018 (average)
3.17%
3.61%
December
3.39%
3.80%
November
3.40%
3.83%
October
3.33%
3.67%
September
3.24%
3.66%
August
3.24%
3.66%
July
3.15%
3.59%
June
3.15%
3.59%
May
3.15%
3.59%
April
3.00%
3.54%
March
3.00%
3.54%
February
3.04%
3.48%
January
2.92%
3.38%
2017 (average)
2.53%
2.88%
December
2.79%
3.29%
November
2.72%
3.29%
October
2.84%
3.27%
September
2.75%
3.15%
August
2.59%
2.99%
July
2.57%
2.80%
June
2.39%
2.49%
May
2.24%
2.54%
April
2.29%
2.62%
March
2.39%
2.72%
February
2.39%
2.72%
January
2.44%
2.74%
2016 (average)
2.33%
2.57%
December
2.42%
2.69%
November
2.20%
2.47%
October
2.11%
2.42%
September
2.29%
2.49%
August
2.29%
2.49%
July
2.29%
2.49%
June
2.29%
2.59%
May
2.34%
2.59%
April
2.36%
2.59%
March
2.39%
2.69%
February
2.44%
2.69%
January
2.49%
2.69%
2015 (average)
2.52%
2.66%
December
2.52%
2.69%
November
2.52%
2.69%
October
2.49%
2.59%
September
2.49%
2.59%
August
2.49%
2.59%
July
2.49%
2.59%
June
2.49%
2.59%
May
2.49%
2.59%
April
2.51%
2.66%
March
2.51%
2.66%
February
2.62%
2.82%
January
2.62%
2.82%
2014 (average)
2.98%
3.07%
December
2.74%
2.89%
November
2.92%
2.99%
October
2.92%
2.99%
September
2.92%
2.99%
August
2.92%
2.99%
July
2.92%
2.99%
June
2.97%
3.04%
May
2.97%
3.04%
April
2.97%
3.04%
March
3.02%
3.16%
February
3.14%
3.29%
January
3.31%
3.41%
5 Year Variable Rate
4.85% - 5.95%
2024 (average)
5.77%
7.04%
September
5.25%
6.45%
August
5.50%
6.70%
July
5.50%
6.70%
June
5.75%
7.05%
May
5.99%
7.30%
April
5.99%
7.30%
March
5.99%
7.30%
February
5.99%
7.30%
January
5.99%
7.30%
2023 (average)
5.77%
6.96%
December
5.99%
7.30%
November
5.99%
7.30%
October
5.99%
7.30%
September
5.99%
7.30%
August
5.99%
7.30%
July
6.00%
7.19%
June
5.75%
6.85%
May
5.50%
6.60%
April
5.50%
6.60%
March
5.50%
6.60%
February
5.50%
6.60%
January
5.50%
6.60%
2022 (average)
2.91%
3.77%
December
5.25%
6.28%
November
4.75%
5.70%
October
4.75%
5.70%
September
4.25%
4.95%
August
3.50%
4.45%
July
3.20%
4.45%
June
2.59%
3.35%
May
2.15%
2.75%
April
1.65%
2.45%
March
1.13%
1.85%
February
0.99%
1.65%
January
0.99%
1.55%
2021 (average)
1.32%
1.58%
December
1.05%
1.55%
November
1.0%
1.55%
October
1.35%
1.55%
September
1.35%
1.55%
August
1.35%
1.55%
July
1.35%
1.55%
June
1.35%
1.55%
May
1.35%
1.55%
April
1.35%
1.55%
March
1.35%
1.55%
February
1.44%
1.65%
January
1.50%
1.75%
2020 (average)
2.04%
2.24%
December
1.65%
1.78%
November
1.70%
1.80%
October
1.70%
1.90%
September
1.80%
1.88%
August
1.80%
2.00%
July
1.95%
2.04%
June
1.95%
2.04%
May
2.05%
2.20%
April
2.06%
2.38%
March
2.38%
2.61%
February
2.75%
3.10%
January
2.75%
3.10%
2019 (average)
2.75%
3.20%
December
2.75%
3.10%
November
2.75%
3.10%
October
2.75%
3.10%
September
2.75%
3.10%
August
2.75%
3.10%
July
2.75%
3.10%
June
2.75%
3.10%
May
2.73%
3.20%
April
2.75%
3.20%
March
2.75%
3.40%
February
2.75%
3.45%
January
2.75%
3.45%
2018 (average)
2.38%
2.90%
December
2.75%
3.35%
November
2.75%
3.25%
October
2.56%
3.06%
September
2.41%
2.80%
August
2.41%
2.80%
July
2.41%
2.80%
June
2.21%
2.60%
May
2.21%
2.60%
April
2.21%
2.85%
March
2.21%
2.85%
February
2.21%
2.85%
January
2.17%
2.94%
2017 (average)
1.90%
2.47%
December
1.98%
2.75%
November
1.98%
2.75%
October
2.05%
2.75%
September
2.15%
2.69%
August
1.90%
2.50%
July
1.93%
2.50%
June
1.75%
2.25%
May
1.75%
2.25%
April
1.77%
2.25%
March
1.80%
2.30%
February
1.80%
2.30%
January
1.90%
2.30%
2016 (average)
2.04%
2.30%
December
1.90%
2.30%
November
1.90%
2.30%
October
1.90%
2.30%
September
1.95%
2.30%
August
1.95%
2.30%
July
1.95%
2.30%
June
2.15%
2.30%
May
2.15%
2.30%
April
2.15%
2.30%
March
2.15%
2.30%
February
2.15%
2.30%
January
2.15%
2.30%
2015 (average)
1.98%
2.19%
December
2.13%
2.20%
November
2.04%
2.16%
October
1.90%
2.05%
September
1.90%
2.05%
August
1.90%
2.05%
July
1.90%
2.25%
June
2.05%
2.25%
May
2.00%
2.25%
April
2.00%
2.25%
March
2.00%
2.25%
February
2.00%
2.25%
January
1.98%
2.28%
2014 (average)
2.38%
2.49%
December
2.15%
2.35%
November
2.30%
2.50%
October
2.30%
2.50%
September
2.40%
2.50%
August
2.40%
2.50%
July
2.40%
2.50%
June
2.40%
2.50%
May
2.40%
2.50%
April
2.40%
2.50%
March
2.45%
2.50%
February
2.50%
2.50%
January
2.50%
2.50%
A picture of maritime beauty? Atlantic Canada's housing market still holding its own.
At the end of the third quarter of 2024, the Atlantic housing market showed an average 4.3% increase in sales over last year, with only Saint John (-7.5%) and Newfoundland (-8.6%) logging decreases.
The average Atlantic home price is also up dramatically by 10.2% over last year at $385,329, with gains ranging from +1.4% in PEI to +18.6% in Saint John, New Brunswick.
Despite listings increasing in most Atlantic regions, markets are in the 'seller's' column with an average SNLR (sales-to-new-listing ratio) of 62%, with only Newfoundland showing a balanced market. Despite national buyer reluctance, most Atlantic buyers are still buying, and listings are insufficient to meet demand.
As Canada's previously most undervalued market, Atlantic provinces and centres have seen substantial growth since 2020 — and expect to demonstrate continued resilience, weathering higher interest rates and economic volatility as their population gains.
How will interest-rate declines affect Atlantic housing markets? A lurking wall of mortgage renewals coming in 2025 may pressure homeowner budgets, perhaps forcing some to list just as an expected surge of buyers shows up in Spring 2025.
Data Source: Sagen Housing Market Updates
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Atlantic Canada Mortgage Rates
Mortgage Rates are different across Canada. Rates are shown based on your location. If you're planning to purchase out-of-province, be sure to choose rates where the property will be located.
Canada Wide Mortgages
True North Mortgage can efficiently complete your mortgage anywhere you are in Canada — online, over the phone or at our store locations.
British Columbia
- Abbotsford ,
- Burnaby ,
- Chilliwack ,
- Coquitlam ,
- Courtenay ,
- Kamloops ,
- Kelowna ,
- Nanaimo ,
- New Westminster ,
- Prince George ,
- Richmond ,
- Saanich ,
- Surrey ,
- Vancouver ,
- Vernon ,
- Victoria ,
- White Rock
Alberta
- Airdrie ,
- Calgary ,
- Edmonton ,
- Fort McMurray ,
- Grande Prairie ,
- Lethbridge ,
- Lloydminster ,
- Medicine Hat ,
- Red Deer
Saskatchewan
Manitoba
Ontario
- Barrie ,
- Belleville ,
- Brampton ,
- Brantford ,
- Burlington ,
- Cornwall ,
- Guelph ,
- Hamilton ,
- Kanata ,
- Kingston ,
- Kitchener ,
- London ,
- Markham ,
- Milton ,
- Mississauga ,
- Niagara Falls ,
- North Bay ,
- Oakville ,
- Oshawa ,
- Ottawa ,
- Peterborough ,
- Sarnia ,
- Sault Ste. Marie ,
- St. Catharines ,
- Sudbury ,
- Thunder Bay ,
- Toronto ,
- Vaughan ,
- Windsor ,
- Woodstock
Quebec
Atlantic Canada
- Charlottetown ,
- Fredericton ,
- Halifax ,
- Moncton ,
- Saint John ,
- St. John's