3.9%
Lowest Rate
$290,000
Avg Home Price
2 min
Quick Pre-Approval
30+
Lenders Compared
Newfoundland & Labrador Mortgage Market Overview
Buying Costs
Land Transfer Tax:No land transfer tax
First-Time Buyer Rebate:N/A (no LTT)
Population:0.5 million
Key Facts
- No land transfer tax
- Most affordable homes in Canada
- Oil & gas sector economy
- Remote work opportunity zone
Why Compare Mortgage Rates in Newfoundland & Labrador with RateView?
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Understanding of Newfoundland & Labrador-specific programs and incentives
Frequently Asked Questions About Newfoundland & Labrador Mortgages
What is the average home price in Newfoundland & Labrador?
The average home price in Newfoundland & Labrador is approximately $290,000. Prices vary significantly by city, with St. John's typically having higher prices than other areas.
What is the land transfer tax in Newfoundland & Labrador?
Newfoundland & Labrador has a land transfer tax of No land transfer tax. First-time buyers may be eligible for: N/A (no LTT).
How do I get the best mortgage rate in Newfoundland & Labrador?
To get the best rate, compare multiple lenders, maintain a good credit score (680+), have a stable income, and consider making a larger down payment. RateView helps you compare 30+ lenders instantly.