Mortgage Rates
in Nova Scotia

View current mortgage rates and understand how borrowing options and qualifications can affect what’s available.

Current Mortgage Rates in Nova Scotia

Mortgage rates in Nova Scotia vary based on lender policies, market conditions, and individual borrower qualifications. The rates shown on this page provide a general snapshot of current mortgage rate offerings and are intended for informational purposes only.

Actual mortgage rates may differ depending on factors such as credit profile, down payment amount, mortgage term, and property type. Rates can change at any time and are not guaranteed until confirmed by a lender as part of a formal mortgage approval.

Type	Term	Rate
Variable	5	3.75%
Fixed	7	4.89%
Fixed	5	4.19%
Fixed	3	4.04%
Fixed	1	4.84%

What to Do After Reviewing Mortgage Rates

Mortgage rates are an important starting point, but they are only one part of the financing process. Because rates can vary based on individual circumstances, the most accurate way to understand what may be available is through a mortgage pre-approval in Nova Scotia.

A pre-approval helps clarify a realistic price range, estimated monthly payments, and down payment requirements before beginning or continuing a home search. It also provides a stronger position when making an offer and reduces uncertainty later in the buying process.

Next Steps in Applying for a Mortgage

After reviewing current mortgage rates, the typical next step is to begin the mortgage pre-approval process, followed by a full mortgage application once a property has been selected. These steps generally include: