Newfoundland and Labrador mortgage rates & registration fees
Mortgage rates in Newfoundland and Labrador are the same national rates offered across Canada — St. John’s buyers see the identical offers as buyers everywhere else. On closing, the province charges registration fees rather than a transfer tax, keeping costs modest. Here are the verified national offers and what the registration fee comes to.
Mortgage rates are national, not provincial
No Canadian lender quotes a different rate in Newfoundland and Labrador than it does anywhere else in the country — a five-year fixed in Newfoundland and Labrador is the same number it offers nationwide. So the verified offers below apply to Newfoundland and Labrador buyers exactly as they do across Canada. What genuinely changes by province is the cost of closing — above all, the registration fee.
Verified national mortgage rates
Verified at the source · July 30, 2026| Lender | Product | Rate | Type | |
|---|---|---|---|---|
| Nesto | 5-yr fixed · insured | 4.09% | special | source |
| DUCA | 5-yr fixed · insured high-ratio | 4.14% | special | source |
| First National | 5-yr fixed · insured · conventional 4.84 | 4.49% | posted | source |
| Tangerine | 5-yr fixed | 4.49% | special | source |
| TD | 5-yr fixed | 4.84% | special | source |
| BMO | 5-yr fixed · Smart Fixed — no full payout for 5 yrs except sale; insured 4.74 | 4.84% | special | source |
| National Bank | 5-yr fixed · high-ratio 4.69 | 4.84% | special | source |
| RBC | 5-yr fixed · high-ratio 4.59 | 4.89% | special | source |
| CIBC | 5-yr fixed · high-ratio 4.64 | 4.94% | special | source |
| Scotiabank | 5-yr fixed · specials not published | 6.09% | posted | source |
| Nesto | 3-yr fixed · insured | 4.14% | special | source |
| DUCA | 3-yr fixed · insured high-ratio | 4.24% | special | source |
| Tangerine | 3-yr fixed | 4.44% | special | source |
| BMO | 3-yr fixed · amortization ≤25y | 4.64% | special | source |
| TD | 3-yr fixed | 4.69% | special | source |
| National Bank | 3-yr fixed | 4.69% | special | source |
| CIBC | 3-yr fixed | 4.74% | special | source |
| RBC | 3-yr fixed | 4.74% | special | source |
| First National | 3-yr fixed | 4.94% | posted | source |
| Scotiabank | 3-yr fixed | 5.95% | posted | source |
| Nesto | 5-yr variable · insured | 3.40% | special | source |
| RBC | 5-yr variable · prime − 0.50 · high-ratio 3.65 | 3.95% | special | source |
| Tangerine | 5-yr variable | 4.00% | special | source |
| BMO | 5-yr variable · amortization ≤25y | 4.10% | special | source |
| CIBC | 5-yr variable · high-ratio flex 3.95 | 4.10% | special | source |
| National Bank | 5-yr variable | 4.10% | special | source |
| First National | 5-yr variable · prime − 0.26 · insured 3.70 | 4.19% | posted | source |
| TD | 5-yr variable · TD prime − 0.36 | 4.24% | special | source |
| Scotiabank | 5-yr variable · Flex Value | 4.90% | posted | source |
These are national offers — the same rates apply to Newfoundland and Labrador buyers. Advertised special-offer rates for standard residential mortgages, read at each lender's own page. Insured (high-ratio) pricing is typically lower than uninsured; many lenders only advertise one. Brokers and smaller lenders frequently beat every rate in this table.
Closing costs in Newfoundland and Labrador
Verified · June 12, 2026Newfoundland and Labrador charges registration fees rather than a land transfer tax. The fee is $100 base plus $0.40 per $100 of value above $500, so it scales gently with price.
Because it is a fee structure rather than a percentage tax, NL stays inexpensive to close compared with provinces that charge a graduated transfer tax. The worked examples below show the fee at three price points.
| Purchase price | Total registration fee |
|---|---|
| $500,000 | $2,098 |
| $800,000 | $3,298 |
| $1,000,000 | $4,098 |
These are computed registration fees, not a percentage transfer tax — which is why Newfoundland and Labrador stays inexpensive to close. For an exact figure on your own price — including first-time-buyer relief — use the land transfer tax calculator.
First-time buyer help
Newfoundland and Labrador charges registration fees rather than a transfer tax, so there is no first-time-buyer transfer tax rebate — the fee is the same modest amount for every buyer.
Good to know
- NL charges registration FEES, not a transfer tax — the cost is modest and scales gently with value.
- CMHC pegs total closing costs at roughly 1.5%–4% of the purchase price; NL buyers usually land at the low end.
- Budget for legal fees, title insurance and an inspection alongside the registration fee.
- There is no first-time-buyer transfer tax rebate because there is no transfer tax.
Run the numbers for Newfoundland and Labrador
Rates are national; your closing cost is local. Calculate exactly what you'll pay.
Frequently asked questions
Are mortgage rates different in Newfoundland and Labrador?
No. Canadian mortgage rates are national — lenders quote the same five-year fixed or variable rate in Newfoundland and Labrador as anywhere else. The verified offers above apply to NL buyers exactly as they do across the country. What differs is the closing cost, which in NL is a registration fee rather than a transfer tax.
Does Newfoundland have a land transfer tax?
No. Newfoundland and Labrador charges registration fees instead — $100 base plus $0.40 per $100 of value above $500. On an $800,000 home that comes to roughly $3,300, far below the graduated transfer taxes charged in provinces like Ontario or BC. The fee is due on closing.
Do first-time buyers get relief in Newfoundland and Labrador?
There is no first-time-buyer transfer tax rebate because the province charges registration fees rather than a transfer tax. Every buyer pays the same modest fee, which keeps NL among the cheaper provinces to close on a home.
What are the main closing costs in Newfoundland and Labrador?
With only a registration fee rather than a transfer tax, the largest closing costs are usually legal fees, title insurance, a home inspection and the registration fee itself. CMHC pegs total closing costs at roughly 1.5% to 4% of the purchase price, and NL buyers typically sit at the low end.
Educational content, not financial advice or a rate guarantee. Mortgage rates are national; lender specials were read at each lender's own page on the stamped date and change without notice. Land transfer tax brackets, rates and rebates verified June 12, 2026 at official government sources and computed by RetireSmarter's land-transfer-tax engine — always confirm your exact figure with your lawyer or the relevant authority before closing.