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Compare mortgage rates in Halifax.

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.

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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 stayed steady in 2020.

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, with prices and sales remaining low.

Average 5-year fixed rates vs. 5-year variable rates

5-year fixed vs. 5-year variable Mortgage rates in Halifax

MonthFixed RateVariable Rate
08/192.49%2.75%
09/192.49%2.75%
10/192.54%2.75%
11/192.54%2.75%
12/192.54%2.75%
01/202.74%2.75%
02/202.59%2.75%
03/202.52%2.60%
04/202.89%2.63%
05/202.70%2.63%
06/202.57%2.63%
07/202.49%2.10%
08/202.00%1.95%

Last Updated: October 9th, 2020

Average Home Prices in Halifax

Average Home Prices in Halifax

DatePrice
01/20$331,098
02/20$328,821
03/20$352,946
04/20$330,565
05/20$359,958
06/20$366,243
07/20$363,692

Last Updated: October 9th, 2020

Prices have been climbing steadily in Halifax, but you’ll still find some pretty attractive deals if you're looking for a new home. Asking prices now average about $360,000.

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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