Best 5-Year Fixed
4.49%
Mortgage rates in Newfoundland and Labrador
Updated June 25, 2026.
NL has no land transfer tax — only nominal registration fees. The mortgage market is dominated by national lenders and a few regional credit unions. Affordable closing makes it a comparatively cheap province to buy in.
Rates shown are updated daily and are not an offer of credit. Actual rates require lender approval and may differ. Discounted rates are the bank's own published special-offer rates; a mortgage broker can often secure a lower rate than what's shown. See our methodology.
Best 3-Year Fixed
4.44%
Best Variable
3.95%
All lenders available in Newfoundland and Labrador
Includes national lenders plus provincial credit unions and lenders operating in Newfoundland and Labrador.
| Lender | 3-Year Fixed | 5-Year Fixed | Variable |
|---|---|---|---|
 Tangerine | 4.44% | 4.49% | 4.00% |
 TD Bank | 4.69% | 4.84% | 4.24% |
 BMO Bank of Montreal | 4.64% | 4.84% | 4.10% |
 CIBC | 4.64% | 4.84% | 3.95% |
 National Bank of Canada | 4.74% | 4.84% | 4.45% |
 RBC Royal Bank | 4.74% | 4.89% | 3.95% |
 Scotiabank | 6.05% | 4.90% | 5.95% |
Land transfer tax in Newfoundland and Labrador
Newfoundland and Labrador has no land transfer tax. Buyers pay registration fees: $100 + 0.4% of the property value above $500. On a $300,000 home that's about $1,300.
First-time home buyer programs
Federal programs apply everywhere — the FHSA, RRSP Home Buyers' Plan, and federal Home Buyers' Tax Credit. The programs below are specific to Newfoundland and Labrador.
- Provincial Home Modification Program (separate)
NL does not run a dedicated first-time-buyer rebate program. Federal programs (FHSA, HBP, Home Buyers' Tax Credit) apply.
Local notes
- Newfoundland and Labrador Credit Union is the main provincial alternative to Big 6 lending.