Nunavut Mortgage Calculator
Calculate your Nunavut mortgage payment with CMHC premiums and land title registration fees.
Useful for home buyers in Iqaluit, Rankin Inlet, Arviat, Cambridge Bay, and all of Nunavut.
Useful for home buyers in Iqaluit, Rankin Inlet, Arviat, Cambridge Bay, and all of Nunavut.
Why use a Nunavut Mortgage Calculator?
Nunavut has no land transfer tax, but there are land title and mortgage registration fees. This calculator estimates your payment, CMHC premium, and closing costs.
Nunavut has no land transfer tax, but there are land title and mortgage registration fees. This calculator estimates your payment, CMHC premium, and closing costs.
Result
Enter your details to see the estimated payment here.
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Nunavut Land Title Registration Fees: Nunavut does not have a land transfer tax, but charges a land title registration fee (about $1.50 per $1,000 of property value, min $100) and a mortgage registration fee (about $1.50 per $1,000 of mortgage amount, min $80). Legal fees and title insurance are additional closing costs.
How Mortgage Rules Work in Nunavut
- No Land Transfer Tax: Nunavut buyers pay only a land title registration fee, not a percentage-based land transfer tax like in Ontario or BC.
- CMHC Insurance: If your down payment is less than 20%, you must pay a CMHC (mortgage default insurance) premium, which is added to your mortgage.
- Lower Closing Costs: Nunavut's closing costs are lower than most provinces due to the lack of land transfer tax.
Example: On a $400,000 home with 10% down, you pay a CMHC premium, but no land transfer tax. Registration fees are about $200–$300.
Average Home Prices in Major Nunavut Communities (2025)
| Community | Detached | Semi-Detached | Townhouse | Condo |
|---|---|---|---|---|
| Iqaluit | $650,000 | $500,000 | $450,000 | $400,000 |
| Rankin Inlet | $500,000 | $400,000 | $350,000 | $300,000 |
| Arviat | $400,000 | $320,000 | $300,000 | $250,000 |
| Cambridge Bay | $420,000 | $340,000 | $320,000 | $270,000 |
| Baker Lake | $380,000 | $300,000 | $280,000 | $230,000 |
Source: CREA, 2025 estimates. Prices are approximate and may vary.
Frequently Asked Questions (FAQ)
No, Nunavut does not have a land transfer tax. Only land title registration and mortgage registration fees apply.
Typical closing costs include the land title registration fee, mortgage registration fee, legal fees, and CMHC insurance (if applicable).
Nunavut does not offer a provincial land transfer tax rebate, but federal programs may be available for first-time buyers.