Northwest Territories Mortgage Payments
Mortgage rates, average home prices, and payment calculations for Northwest Territories (NT). Updated for 2026.
Monthly Payment
$1,949.60
at 4.49% fixed
Avg. Home Price
$380,000.00
Best Fixed Rate
4.49%
Best Variable Rate
4.15%
Current Mortgage Rates in Northwest Territories
| Rate Type | Posted Rate | Best Available | Discount |
|---|---|---|---|
| 5-Year Fixed | 6.49% | 4.49% | -2.00% |
| 5-Year Variable | 5.45% | 4.15% | -1.30% |
Rates are approximate and updated periodically. Always confirm with your lender.
Mortgage on the Average Northwest Territories Home
$380,000.00 home with 10% down ($38,000.00) at 4.49% over 25 years
Payment Frequency Comparison
How different payment schedules affect your mortgage at 4.49%
| Frequency | Payment | Total Interest | Total Cost | Interest Saved |
|---|---|---|---|---|
| Monthly | $1,949.60 | $232,277.09 | $584,879.09 | -- |
| Bi-Weekly | $899.81 | $232,277.09 | $584,879.09 | $0.00 |
| Accelerated Bi-Weekly | $974.80 | $281,017.02 | $633,619.02 | -$48,739.92 |
Fixed vs. Variable Rate
Monthly payment comparison for $380,000.00 home with 10% down
| Rate Type | Rate | Monthly Payment | Total Interest (25 yr) | Difference |
|---|---|---|---|---|
| 5-Year Fixed | 4.49% | $1,949.60 | $232,277.09 | -- |
| 5-Year Variable | 4.15% | $1,883.54 | $212,460.27 | $66.06/mo less |
Property Costs in Northwest Territories
Excludes utilities, home insurance, and maintenance. Property tax based on 0.98% average rate.
Mortgage Payments Across Canada
Average home with 10% down, 25-year amortization at best available fixed rate
| Province | Avg. Home Price | Rate | Down (10%) | Monthly Payment |
|---|---|---|---|---|
| Newfoundland and Labrador (NL) | $280,000.00 | 4.39% | $28,000.00 | $1,422.14 |
| New Brunswick (NB) | $310,000.00 | 4.29% | $31,000.00 | $1,558.65 |
| Saskatchewan (SK) | $315,000.00 | 4.29% | $31,500.00 | $1,583.79 |
| Manitoba (MB) | $355,000.00 | 4.29% | $35,500.00 | $1,784.91 |
| Prince Edward Island (PE) | $370,000.00 | 4.39% | $37,000.00 | $1,879.26 |
| Northwest Territories (NT) | $380,000.00 | 4.49% | $38,000.00 | $1,949.60 |
| Nova Scotia (NS) | $420,000.00 | 4.29% | $42,000.00 | $2,111.72 |
| Nunavut (NU) | $420,000.00 | 4.59% | $42,000.00 | $2,176.53 |
| Alberta (AB) | $470,000.00 | 4.29% | $47,000.00 | $2,363.12 |
| Quebec (QC) | $510,000.00 | 4.29% | $51,000.00 | $2,564.23 |
| Yukon (YT) | $530,000.00 | 4.49% | $53,000.00 | $2,719.17 |
| Ontario (ON) | $880,000.00 | 4.29% | $88,000.00 | $4,424.56 |
| British Columbia (BC) | $960,000.00 | 4.39% | $96,000.00 | $4,875.92 |
Housing Market in Northwest Territories
The Northwest Territories housing market is small and unique, centred primarily on Yellowknife. Home prices are moderate but construction costs are higher due to the remote location and harsh climate. The territory does not charge a land transfer tax, which helps offset other costs. Government employment is a major driver of housing demand.
There is no land transfer tax in the Northwest Territories. Property tax rates in Yellowknife are moderate, typically around 0.9% to 1.1%. The limited number of real estate transactions means fewer lender options and potentially less competitive mortgage rates compared to southern markets. Building costs are significantly higher in the territories due to transportation of materials and shorter construction seasons.
The NT housing market is expected to remain stable with limited price volatility. Government employment provides a steady base of demand, while resource sector activity can introduce fluctuations. The small size of the market means that individual large projects or employer decisions can have outsized effects on local housing dynamics. Buyers should be aware that property insurance costs and maintenance expenses are higher in northern climates.