Newfoundland Mortgage Rates.

As of July 29th, 2021

I am looking to get rates for:

Lender	Rate	Monthly Payment

Citadel Mortgages	1.58% 5 YEARS FIXED	$1,817
Equitable	1.99% 5 YEARS FIXED	$1,905
Mortgage Alliance	1.99% 5 YEARS FIXED	$1,905
Dominion Lending	2.09% 5 YEARS FIXED	$1,927
First National	2.09% 5 YEARS FIXED	$1,927
motusbank	2.09% 5 YEARS FIXED	$1,927
Mortgage Architects	2.09% 5 YEARS FIXED	$1,927
Laurentian	2.09% 5 YEARS FIXED	$1,927
Canada Life	2.10% 5 YEARS FIXED	$1,929
Tangerine	2.14% 5 YEARS FIXED	$1,938
Canadian Western	2.16% 5 YEARS FIXED	$1,943
HSBC	2.24% 5 YEARS FIXED	$1,960
Simplii Financial	2.24% 5 YEARS FIXED	$1,960
MCAP	2.34% 5 YEARS FIXED	$1,983
TD	2.34% 5 YEARS FIXED	$1,983
BMO	2.34% 5 YEARS FIXED	$1,983
CIBC	2.37% 5 YEARS FIXED	$1,989
Meridian	2.39% 5 YEARS FIXED	$1,994
National Bank	2.44% 5 YEARS FIXED	$2,005
CMLS	2.44% 5 YEARS FIXED	$2,005
Manulife	2.49% 5 YEARS FIXED	$2,017
RBC	2.49% 5 YEARS FIXED	$2,017
Scotiabank	2.49% 5 YEARS FIXED	$2,017
Desjardins	2.49% 5 YEARS FIXED	$2,017
Investors Group	4.79% 5 YEARS FIXED	$2,576

These rates are for Prime customers. To qualify, you generally need a good credit score and a steady job. The following rates may not be valid for insured mortgages. Rates updated on 2021-07-29

Newfoundland and Labrador at a Glance

Newfoundland and Labrador is Canada’s easternmost province. St. John’s, the province’s largest city, has a population just over 100,000 and an average single-family home price of $274,000. The average price of all homes in Newfoundland and Labrador as of October 2020 was $246,705.

Canada’s Big Banks all have branches in Newfoundland and Labrador, including RBC, TD, Scotiabank, BMO, and CIBC, as well as others, such as HSBC.

Mortgage Brokers

Mortgage brokers are licensed by Digital Government and Service NL. There were 71 licensed mortgage brokers as of November 2020. Under the Mortgage Brokers Regulations through the Mortgage Brokers Act, mortgage brokers and mortgage lenders cannot charge a bonus more than 1% of the principal amount plus $100. This bonus does not include any application fee that may be charged by a mortgage lender. Mortgage brokers that make less than $1,000 annually will not need a mortgage broker license. Mortgage brokers include nationally operating ones, such as Dominion Lending Centres, Centum, Mortgage Architects, IntelliMortgage, Invis, First National, and Verico. Others include Nesto, A Plus Mortgage Group, and Dream Escape Mortgage Brokers.

Mortgage Rates By City

Mortgage Rates in St. John’s

This calculator is provided for general information purposes only. WOWA does not guarantee the accuracy of the information shown and is not responsible for any consequence that arise from the use of the calculator and its results. Any financing products shown are subject to terms and conditions and may not be available in certain regions.