Northwest Territories Mortgage Calculator
Calculate your Northwest Territories mortgage payment with CMHC premiums and land title transfer fees.
Useful for home buyers in Yellowknife, Inuvik, Hay River, Fort Smith, Norman Wells, and all of NWT.
Useful for home buyers in Yellowknife, Inuvik, Hay River, Fort Smith, Norman Wells, and all of NWT.
Why use a Northwest Territories Mortgage Calculator?
NWT has no land transfer tax, but there are land title transfer and registration fees. This calculator estimates your payment, CMHC premium, and closing costs.
NWT has no land transfer tax, but there are land title transfer and registration fees. This calculator estimates your payment, CMHC premium, and closing costs.
Result
Enter your details to see the estimated payment here.
Related Calculators
Northwest Territories Land Title Transfer Fees: NWT does not have a land transfer tax, but charges a land title transfer fee: $1.50 per $1,000 of property value (min $100), plus a $50 registration fee. Mortgage registration is $1.50 per $1,000 of mortgage amount (min $80).
Example: For a $400,000 home, the land title transfer fee is $700.
Example: For a $400,000 home, the land title transfer fee is $700.
Average Home Prices in Major Northwest Territories Cities (2024)
| City | Detached | Semi-Detached | Townhouse | Condo |
|---|---|---|---|---|
| Yellowknife | $550,000 | $420,000 | $400,000 | $350,000 |
| Inuvik | $350,000 | $270,000 | $250,000 | $200,000 |
| Hay River | $320,000 | $250,000 | $230,000 | $180,000 |
| Fort Smith | $300,000 | $230,000 | $210,000 | $170,000 |
| Norman Wells | $280,000 | $210,000 | $190,000 | $150,000 |
Source: CREA, 2024 estimates. Prices are approximate and may vary.
Frequently Asked Questions (FAQ)
No, Northwest Territories does not have a land transfer tax. Instead, there is a land title transfer fee and a mortgage registration fee.
Typical closing costs include the land title transfer fee, mortgage registration fee, legal fees, and CMHC insurance (if applicable).
Northwest Territories does not offer a provincial land transfer tax rebate, but federal programs may be available for first-time buyers.