Best mortgage rates in St. John's.
Today’s best rate in St. John's is 3.60%. We compare St. John's mortgage rates across 50+ Canadian lenders and lock your best on one application — no bureau pull to start.
The best mortgage rate in St. John's today is approximately 3.60% — about $1,393/month on St. John's’s benchmark price of $345,000 with 20% down over 25 years. NL capital. Strong commission-income and offshore-worker flow.
Rates illustrative; your file (credit, income, LTV) sets your personalized rate. See all Newfoundland and Labrador rates →
St. John's mortgage payments by term
| Term | Best rate | Est. monthly payment* |
|---|---|---|
| 5-Year Fixed | 4.19% | $1,480/mo |
| 5-Year VariableLowest | 3.60% | $1,393/mo |
| 3-Year Fixed | 4.19% | $1,480/mo |
| 3-Year Variable | 3.65% | $1,400/mo |
| 2-Year Fixed | 4.14% | $1,473/mo |
| 1-Year Fixed | 4.69% | $1,557/mo |
| 4-Year Fixed | 4.29% | $1,496/mo |
| 7-Year Fixed | 5.10% | $1,621/mo |
| 10-Year Fixed | 5.34% | $1,659/mo |
A worked example for St. John's
On St. John's’s benchmark price of $345,000 with 20% down, the mortgage is about $276,000. At today’s best rate of 3.60% over a 25-year amortization, that’s roughly $1,393/month using Canadian semi-annual compounding. Model your own price and down payment in the payment calculator, and see the income you’d need.
Getting the best mortgage rate in St. John's.
The posted rate you see advertised isn’t the rate you get. In St. John's, your number is set by your credit score, your down payment / loan-to-value, whether the mortgage is insured, and the property type — and by which lender’s broker-channel pricing fits your file. NL capital. Strong commission-income and offshore-worker flow.
What’s specific to Newfoundland and Labrador: NL has thinner lender competition than larger provinces — Big-6 + monolines plus NL Credit Union dominate. Offshore-worker income files (oil platform workers, marine sector) are common and require lenders that handle rotational schedules and overseas income properly. On top of the rate, budget for nl registration fees (no ltt) — newfoundland and Labrador does not charge a Land Transfer Tax. Closing costs include a Document Registration Fee (~$100 + $0.40 per $100 of value over $500) — typically $1,500-$2,500 total.
We compare St. John's mortgage rates across 50+ lenders — banks, monolines and Newfoundland and Labrador credit unions like RBC and Scotiabank — on a single application, then hold your best rate for 90-120 days. This is the rate-shopping side; for the full local service — pre-approval strategy, document help, a dedicated advisor — see our St. John's mortgage broker page. Run your numbers on the payment calculator.
St. John's mortgage rates — FAQ
What is the best mortgage rate in St. John's right now?
Are St. John's mortgage rates different from the rest of Canada?
What land transfer tax will I pay in St. John's?
Can I lock a St. John's rate before I buy?
Do I need a local St. John's broker for the best rate?
Whatever your situation in St. John's
First home, renewal, refinance, investor or self-employed — there's a path for your file, with the same 50+ lender network.
First-time buyers
5% down to your first St. John's home, with FHSA + RRSP HBP optimization.
Refinancing
Unlock St. John's equity for renovations, debt consolidation, or investing.
Renewing
Don't auto-renew — most clients beat their bank's first offer by 30-60 bps.
Self-employed
Business-for-self files priced right — A-lender, alt-A and private compared.
Investors
Build your St. John's rental portfolio — multi-unit and DSCR-style products.
New to Canada
Newcomer programs at the big banks; international credit accepted.
6 reasons to shop your St. John's mortgage rate through a broker
Why St. John's buyers and renewers compare the whole market instead of signing their bank's first offer.
50+ lenders compete — not one
A St. John's bank shows you one rate sheet. We put your file in front of 50+ lenders who bid for it, then pass on the volume pricing we hold.
Broker-channel pricing
The wholesale rate we access is typically 15-30 bps below a bank's posted rate — you can't get it walking into a branch.
A local St. John's market read
NL capital. Strong commission-income and offshore-worker flow.
Your rate held 90-120 days
A pre-approval locks today's rate while you shop, and many lenders honour a drop if rates fall before closing.
No bureau pull to start
We shop your St. John's rate and pre-qualify you with no hard credit check, so comparing costs nothing.
Best-rate guarantee
We'll beat any comparable Big-6 offer or pay you $500 — and our advice is free, paid by the funding lender.
Why shop your St. John's rate with us
- 50+ lenders on one application — banks, monolines, and Newfoundland and Labrador credit unions.
- Broker-channel rates 15-30 bps below posted.
- Local St. John's market knowledge paired with national lender access.
- FSRA-licensed advice in 50+ languages, online or in person.
We arrange mortgages across St. John's — Downtown, Quidi Vidi, Kenmount Terrace, Cowan Heights, Airport Heights and beyond — online or in person, with the same 50+ lender panel and FSRA-licensed advice.