6 Months & 1 Year Open Term Mortgages

Right for you if:

  • You want a short term option with flexibility to prepay any amount without any prepayment charges
  • You want to be able to early renew to a longer term without any costs
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  • Fixed interest rate
  • Flexible prepayment optionsPay down any amount on your mortgage or convert to a longer term, anytime at no cost.
  • Conventional and insured financing available.


  • Choose from weekly, biweekly, semi-monthly, and monthly payment options.
  • Scotia Mortgage Protection can help make sure the home you worked so hard for is protected.
Tools It's easy to achieve your goals.

Mortgage-Free Faster Calculator

Discover how small changes can have a big effect. This tool will show you how you can be mortgage-free faster.

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What Can I Afford?

Find out how much, so you can arrange your mortgage and shop for a home with confidence.

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Mortgage Payment Calculator

Determine your payment options, amortization and more, all with one calculator.

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STEP Calculator

Learn how to save by using the equity in your home to borrow at lower interest rates.

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Mortgage Selector

Opening the door to homeownership.

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Mortgage Comparison Calculator

Use this calculator to compare two different mortgages and determine which feature or product is the most suitable to meet your needs.

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