SCOTIABANK MORTGAGE REVIEW

Explore Scotiabank mortgage rates

Review Scotiabank mortgage rates, terms, and home-financing features, then compare them with other lender options available in Canada.

Rates are current as of Canada
Compare Scotiabank Rates

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Lender overview

Understand the complete Scotiabank mortgage offer

Scotiabank mortgage products may include different rates, terms, payment options, qualification requirements, and contract features. Compare the available details carefully before choosing a mortgage.

Independent RateBuddy research

Compare Scotiabank Mortgage Rates

Live as of: August 17, 2026 | Canada

Customize your mortgage scenario

Adjust the purchase price, down payment, amortization, and payment frequency to see how your estimated mortgage payments change across the rate options below.

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$
%
Yrs
Tip: Use the filter to compare payment impact quickly. Even a small rate difference can change your estimated payment and total interest over time.
Unlock a preferred mortgage rate with the Scotia Mortgage+ Program when you bundle your eligible mortgage with select Scotia banking products.
Scotiabank
Interest rate
7.65 %
5 Years Variable
Scotia Flex Value Mortgage-Open 5 Year Term
Payment & interest estimate
Est. Monthly Payment $2,134
Interest in 5 years $104,950
Maximum flexibility: Increase payments by any amount at any time without prepayment charges.
Unlock a preferred mortgage rate with the Scotia Mortgage+ Program when you bundle your eligible mortgage with select Scotia banking products.
Scotiabank
Interest rate
9.75 %
6 Months Fixed
Open Mortgage - 6 month
Payment & interest estimate
Est. Monthly Payment $2,540
Interest in 5 years $135,144
Interest over 6 Months $13,866
Unlock a preferred mortgage rate with the Scotia Mortgage+ Program when you bundle your eligible mortgage with select Scotia banking products.
Scotiabank
Interest rate
9.75 %
1 Year Fixed
Open Mortgage - 1 year
Payment & interest estimate
Est. Monthly Payment $2,540
Interest in 5 years $135,144
Interest over 1 Year $27,664
Updating rates...
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Mortgage rates across Canada

Explore rates by province and city

Find national mortgage offers and rates available in your province, then explore a page designed for your local market.

7 markets
View all Alberta mortgage rates
10 markets
View all British Columbia mortgage rates
2 markets
View all Manitoba mortgage rates
3 markets
View all New Brunswick mortgage rates
2 markets
View all Newfoundland and Labrador mortgage rates
2 markets
View all Nova Scotia mortgage rates
18 markets
View all Ontario mortgage rates
2 markets
View all Prince Edward Island mortgage rates
9 markets
View all Quebec mortgage rates
3 markets
View all Saskatchewan mortgage rates
NORTH Northern Canada
3 markets
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Rates by lender

Compare mortgage rates by provider

Explore mortgage rate information from major Canadian banks, regional institutions and credit unions. Compare more than the advertised rate before choosing a provider.

Live rate intelligence

Scotiabank rate snapshot

This snapshot summarizes the mortgage results currently displayed above. Use the filters to test another price, down payment, amortization, or payment frequency.

Lowest rate shown 7.65%
Results on this page 3 options
Terms represented 6-month to 5-year
Rate types represented Variable · Fixed

Snapshot values reflect the results currently rendered on this page—not every mortgage product offered by Scotiabank.

Compare beyond the headline

What to review before choosing Scotiabank

A competitive rate matters, but mortgage flexibility, qualification rules, and potential exit costs can have an equally important effect on long-term value.

01

Rate and total borrowing cost

Compare the contract rate, estimated payment, interest over the selected term, applicable fees, and overall borrowing cost—not only the posted rate.

02

Flexibility and early-exit rules

Review prepayment privileges, portability, conversion options, renewal treatment, and how penalties may be calculated if you sell, refinance, or switch early.

03

Qualification and product fit

Confirm the income, credit, down-payment, property, occupancy, amortization, and documentation requirements for the product you are considering.

Not sure whether Scotiabank is the best fit?

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Find your mortgage path

Explore mortgage options based on what matters to you

Compare rates by structure, mortgage goal, term and market scenario without navigating through an oversized menu.

Tools and guidance

Plan your next mortgage decision

Estimate payments, test affordability, understand mortgage costs and explore practical guidance before taking your next step.

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Advanced mortgage tools

Explore more ways to plan your mortgage

Compare borrowing strategies, test qualification scenarios and understand the longer-term financial impact of your mortgage decisions.

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Provider questions

Scotiabank mortgage FAQ

Clear answers about displayed rates, eligibility, comparisons, and the details worth confirming before applying.

No. Displayed rates are informational and may change without notice. Final rates, approval, terms, and product availability are determined by Scotiabank based on the application and property details.

Compare the mortgage term, amortization, payment frequency, prepayment privileges, portability, early-discharge penalties, qualification requirements, fees, and total borrowing cost—not only the advertised interest rate.

Eligibility can depend on income, employment, credit history, existing debts, down payment, property type, occupancy, amortization, and the lender’s underwriting requirements.

Yes. RateBuddy helps you review Scotiabank alongside other available lenders, rate types, terms, and mortgage paths so you can evaluate overall fit rather than relying on one headline rate.

RateBuddy displays the latest information available to its mortgage-rate system as of August 17, 2026. Because lenders can update rates and terms at any time, confirm important details before applying or making a financial decision.

Rate data status: Information shown as of for Canada.