Nova Scotia mortgage rates today
Best available fixed and variable rates for Nova Scotia borrowers, refreshed daily from our lender panel.
Get my rate →What are mortgage rates in Nova Scotia right now?
The best available insured 5-year fixed rate for Nova Scotia on 8Twelve's lender panel is 4.14%. Rates are refreshed daily and reflect only lenders 8Twelve can actually place a mortgage with, so the number you see is one you can act on.
Your own rate depends on the down payment, whether the mortgage is insured, the property type and how your income is documented — a broker's job is to find the lender whose policy fits your file at the lowest price.
- 3-year fixed: 4.19%.
- 5-year fixed: 4.14%.
- 5-year variable: 3.65%.
What these rates mean on a typical Nova Scotia home
At a benchmark price of $540,000 with the minimum down payment of $29,000, the insured mortgage comes to $531,440:
- 4.14% → about $2,836 a month.
- 4.64% → about $2,983 a month, $147 more.
- Over a five-year term that gap is roughly $8,815.
- Estimated closing taxes and registration in Nova Scotia: $8,100.
Best available rate from 8Twelve's lender panel, subject to qualification and lender approval. OAC.
Nova Scotia cities we serve
Free Nova Scotia rate quote
See the rate you actually qualify for
No obligation · Takes about 3 minutes
Nova Scotia mortgage rate questions
What is the best mortgage rate in Nova Scotia today?
8Twelve's best available insured 5-year fixed rate for Nova Scotia is currently 4.14%, with the 3-year fixed at 4.19% and the 5-year variable at 3.65%. Rates move daily and the rate you are offered depends on your down payment, credit and property type.
Do mortgage rates differ by province in Canada?
Yes, slightly. Most lenders price nationally, but credit unions and some regional lenders only operate in certain provinces, so the best available rate in Nova Scotia can differ from the national picture. Provincial rules on closing costs and land transfer taxes also change the total cost of the deal.
Should I take fixed or variable in Nova Scotia?
Fixed locks the payment for the term and protects you if rates rise; variable moves with the lender's prime rate and typically carries a lower penalty if you break the mortgage early. If your household could not absorb a payment increase, fixed is the safer choice regardless of where rates are heading.
How much does a 0.50% higher rate cost in Nova Scotia?
On a $540,000 home with the minimum down payment, a rate of 4.14% gives a payment of about $2,836 a month. At 4.64% that becomes roughly $2,983 — about $147 more every month, or $8,815 across a five-year term.
Is 8Twelve licensed in Nova Scotia?
Yes. 8Twelve Mortgage is a licensed mortgage brokerage operating across Canada, including Nova Scotia, with access to more than 65 lenders covering purchases, renewals, refinances and debt consolidation.
You might also be interested in
All Today's Rates
Every term, fixed and variable.
Learn moreMortgage Renewal
Compare your renewal offer before signing.
Learn morePayment Calculator
Run your own numbers in seconds.
Learn moreBest available rate from 8Twelve's lender panel, subject to qualification and lender approval. OAC.