3.9%
Lowest Rate
$420,000
Avg Home Price
2 min
Quick Pre-Approval
30+
Lenders Compared
Nova Scotia Mortgage Market Overview
Buying Costs
Land Transfer Tax:1.5% Deed Transfer Tax
First-Time Buyer Rebate:Up to $3,000 rebate for first-time buyers
Population:1.0 million
Key Facts
- Growing population from interprovincial migration
- Halifax real estate market heating up
- Lower insurance rates than Ontario
- First-time buyer incentives available
Why Compare Mortgage Rates in Nova Scotia with RateView?
Access to 30+ banks and lenders in one place
No impact to your credit score for pre-approval
Expert mortgage specialists familiar with Nova Scotia market
Save thousands with our best rate guarantee
Free, no-obligation quotes in minutes
Understanding of Nova Scotia-specific programs and incentives
Frequently Asked Questions About Nova Scotia Mortgages
What is the average home price in Nova Scotia?
The average home price in Nova Scotia is approximately $420,000. Prices vary significantly by city, with Halifax typically having higher prices than other areas.
What is the land transfer tax in Nova Scotia?
Nova Scotia has a land transfer tax of 1.5% Deed Transfer Tax. First-time buyers may be eligible for: Up to $3,000 rebate for first-time buyers.
How do I get the best mortgage rate in Nova Scotia?
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.