Best Variable Rate
True North Mortgage

True North Mortgage

Term 5 Year
Type Variable Closed
Rate 2.75%
Best Fixed Rate
True North Mortgage

True North Mortgage

Term 5 Year
Type Fixed Closed
Rate 3.39%
BMO Bank of Montreal

BMO Bank of Montreal

Term 5 Year
Type Variable Closed
Rate 4.10%
BMO Bank of Montreal

BMO Bank of Montreal

Term 6 Months
Type Fixed Closed
Rate 4.20%
True North Mortgage

True North Mortgage

Term 1 Year
Type Fixed Closed
Rate 3.39%
BMO Bank of Montreal

BMO Bank of Montreal

Term 5 Year
Type Fixed Closed
Rate 3.69%
First National

First National

Term 5 Year
Type Fixed Closed
Rate 3.79%
Scotiabank

Scotiabank

Term 5 Year
Type Fixed Closed
Rate 5.44%
TD Canada Trust

TD Canada Trust

Term 5 Year
Type Fixed Closed
Rate 5.59%

Halifax mortgage rates

Halifax borrowers get some of the best mortgage rates in Eastern Canada because of the city’s competitive lending environment. This combination of low rates and reasonable home prices make now a great time to apply for a mortgage, renew your loan, or refinance in Halifax. And the best part is that you can compare mortgage rates from over 30 brokers and banks right here at LowestRates.ca.

Halifax housing

For the past three years, price growth in Halifax’s housing market has been modest. Realtors point to a sluggish economy and a steadily increasing number of active listings. Still, the average existing home price continued to edge higher in 2016, although it will probably rise less than the overall inflation rate.

On the whole, Halifax remains a buyer's market, even with interest rates near record lows. The Canada Mortgage and Housing Corporation (CMHC) expects this condition to persist well into 2017, with prices and sales remaining low until the economy is once again firing on all cylinders.

Average Home Prices in Halifax
Source: CMHC
$200k $300k $400k Jan-14Mar-14May-14Jul-14Sep-14Nov-14Jan-15Mar-15May-15Jul-15Sep-15Nov-15Jan-16Mar-16May-16Jul-16Aug-16Sep-16 $305,971

 

Prices are climbing up after an initial dip in 2013, but you’ll still find some pretty attractive deals if you're looking for a new home in Halifax. Asking prices now average about $440,000.

New Home Prices in Halifax, Single-Detached
Source: CMHC
$0k $200k $400k $600k 2011 2012 2013 2014 2015 2016 (F)

About Halifax

Halifax is the place where Maritime culture intersects with big city life — where heritage meets hip. Residents love this city’s laid-back lifestyle, and they relish the abundance of indoor and outdoor activities available at their doorstep.

The city is home to museums, art galleries, and Titanic sites. And whether you're watching the street performers at the Halifax International Busker Festival or enjoying the exhibits at Nocturne: Art at Night, there's no shortage of diversions.

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