1, 2 Year Closed Term Mortgages

These are right for you if you want short term protection against rate increases and you don't want to commit to a long mortgage term


  • Fixed interest rate. Avoid rate increases without committing to a long-term mortgage.

  • Prepayment options. You can prepay to pay off your mortgage faster. Our most popular solution allows you to prepay up to 15% of the original principal amount of your mortgage and increase your payment by up to 15% of the payment set for the current term of your mortgage each year*. Speak to one of our Scotiabank advisors about all the options we have available.

  • You could also have the following additional options**:
    • 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.


  • 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.

Mortgage Rates

We understand that everyone's mortgage needs are different. Let us help you find a mortgage that's just right for you4.

Variable Rate Mortgages

Mortgage 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.

What can i afford?

Discover just how much you can spend before you start house hunting.

Mortgage Calculator

Find out what your mortgage payments will be, so you can ensure it fits your budget.

Unlock your equity with STEP

Use the Scotia Total Equity Plan to tap into your home equity. You’ll save with lower rates and get the funds you need to reach your goals.

Mortgage Selector

Opening the door to homeownership.

Mortgage comparison calculator

Compare mortgage terms, payment options, rates and more.

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