Nova Scotia Mortgage Rates & Home Buying Guide
Nova Scotia, and Halifax in particular, has grown in popularity as remote work draws buyers east. Deed transfer tax is set municipally, so check your specific town's rate.
Last updated: May 2026
Halifax has risen sharply since 2020 but remains mid-range.
- Halifax
- Dartmouth
- Sydney
- Truro
Municipal Deed Transfer Tax set by each municipality — Halifax charges 1.5% of the purchase price.
Provincial first-time buyer rebate programs vary; federal FHSA, RRSP HBP, and the $1,500 tax credit apply.
What to Know About Buying in Nova Scotia
Halifax has become a popular destination for relocators.
Deed transfer tax varies by municipality.
Coastal lifestyle with mid-range prices.
Mortgage rates in Nova Scotia are set nationally by Canada's major banks and lenders, then adjusted for your down payment, credit, and whether your mortgage is insured. The Bank of Canada's policy rate drives variable rates, while fixed rates track government bond yields.
To get the best rate in Nova Scotia, compare offers from multiple lenders, consider both fixed and variable options, and remember that insured (high-ratio) mortgages often carry lower rates because they're CMHC-backed.
See live rates from RBC, TD, BMO, Scotiabank, CIBC and more on our Canadian bank rates page, updated with the latest Bank of Canada prime rate.
Related guides
Calculate Your Nova Scotia Mortgage
Model your monthly payment and estimate your land transfer tax for Nova Scotia.