1 & 2 Year Closed Term Mortgages

Right for you if:

  • You want short term protection against rate increases
  • You don't want to commit to a long mortgage term
  • Fixed interest rateAvoid rate increases without committing to a long-term mortgage.
  • Prepayment OptionsPrepay up to 15% of your original principal amount and also increase your payments
    by up to 15% of the payment set for the current term each year.
    • Match-a-Payment You can pay an extra regular mortgage payment on any of your regular payment dates during your term.
    • Miss-a-Payment You can miss a mortgage payment as long as you have matched one previously in your term.
  • Conventional and insured financing available.

PLUS:

Choose from weekly, biweekly, semi-monthly, and monthly payment options.

  • Special Offers

    We understand that everyone's mortgage needs are different. Let us help you find a mortgage that's just right for you.

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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Customize Your Mortgage

Take control of your mortgage. Whether you're purchasing a new home, or you have an existing mortgage, learn how to Pay Off Your Mortgage Faster.

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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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Ready to apply

All mortgages are subject to applicable credit approval, Scotiabank residential mortgage standards and maximum permitted loan amounts.


† This offer can be changed or withdrawn at anytime without notice and may not be combined with any other discounts, offers or promotions. You will be required to repay the Cash Back you receive if your mortgage is paid out, assumed, transferred or renewed before maturity.