Nova Scotia

Best mortgage rates in Nova Scotia: compare today's fixed and variable offers

Compare today's best mortgage rates in Nova Scotia for purchases, renewals, refinances, and home equity scenarios. See indicative fixed and variable offers, what type of borrower typically qualifies, and when a lower rate may come with trade-offs in penalties, portability, or flexibility.

Rates updated daily · Displayed rates are indicative and may change based on down payment, insurance status, property type, and borrower profile.

Live rates

Nova Scotia mortgage rates

Transaction

Purpose

Province

Purchase price

Down payment

$ 20%

Amortization

Term

Fixed

Variable

Current market rates are shown below as a quick reference. For a personalized quote based on your details, contact us or review our current Ontario rates overview.

Typical Canadian mortgage rates - Ontario, owner-occupied purchase (indicative, updated regularly)
Term	Fixed rate	Variable rate	Note
1 year	~4.69%	-	Short commitment
2 year	~4.39%	-	Rate reset opportunity
3 year	~3.94%	~3.55%	Mid-term flexibility
4 year	~4.39%	-
5 year	~4.04%	~3.44%	Most popular term

Rates are indicative and change daily. Speak with a Frank advisor for live lender pricing tailored to your profile.

Rates are from our lender network and shown for informational purposes only. Your actual rate depends on your borrower profile and selected product. Speak with a Frank advisor for a personalized quote.

Programs

Nova Scotia first-time buyer programs

First Home Savings Account (FHSA)

Contribute up to $8,000/year (lifetime max $40,000). Contributions are tax-deductible; qualifying withdrawals are tax-free. Ideal for saving toward a purchase in Halifax or anywhere in Nova Scotia.

RRSP Home Buyers' Plan (HBP)

Withdraw up to $60,000 tax-free from your RRSP ($120,000 for two buyers). Repay over 15 years or the amount becomes taxable income.

NS Down Payment Assistance

Nova Scotia has offered provincial down payment assistance programs for eligible first-time buyers. Eligibility, amounts, and availability vary - speak to a Frank advisor for the latest details.

Closing costs

Nova Scotia Deed Transfer Tax calculator

NS deed transfer tax is set by each municipality, ranging from 0.5% to 1.5% of the purchase price. Halifax and Cape Breton charge 1.5%. Non-residents pay an additional tax. There is no provincial first-time buyer rebate, though some municipalities may offer exemptions - confirm with your lawyer.

Select province

Purchase price

LTT

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Total land transfer tax after rebates

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Rate brackets

Purchase price range	Marginal rate

FAQ

Nova Scotia mortgage rate - common questions

What is Nova Scotia's deed transfer tax?

NS deed transfer tax is set by each municipality and ranges from 0.5% to 1.5% of the purchase price. Halifax and Cape Breton charge 1.5%. There is no provincial first-time buyer rebate, though some municipalities may offer exemptions - confirm with your lawyer.

Does Frank charge a fee for Nova Scotia mortgages?

No. Frank charges $0 for prime (A-lender) mortgages and alternative (B-lender) mortgages in Nova Scotia. Frank is compensated by the lender. We only charge fees when a private mortgage is necessary.

Related resources

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