Scotiabank Mortgage Rates
Source: https://www.scotiabank.com/ca/en/personal/mortgages.html
Last updated April 29, 2026.
The Bank of Nova Scotia (Scotiabank) was founded in 1832 and is regulated by OSFI. Mortgages are originated through branch, broker, online channels. Standard prepayment privileges allow up to 15% annual lump sum and up to 15% payment increase per year.
Rates shown are updated daily and are not an offer of credit. Actual rates require lender approval and may differ. Discounted rates are the bank's own published special-offer rates; a mortgage broker can often secure a lower rate than what's shown. See our methodology.
| Term | Posted | Discounted |
|---|---|---|
| Variable | 5.95% | |
| 1-Year Fixed | — | |
| 2-Year Fixed | — | |
| 3-Year Fixed | — | |
| 4-Year Fixed | — | |
| 5-Year Fixed | 4.90% | |
| 7-Year Fixed | — | |
| 10-Year Fixed | — |
Lender facts
- Founded
- 1832
- Regulator
- OSFI
- Channels
- Branch, Broker, Online
- Prepayment
- 15% lump sum / 15% payment increase
- Notes
-
- Scotia STEP (collateral charge) is the default for new mortgages and is registered for up to 125% of property value.
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