6 months and 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
Apply today


  • Fixed interest rate
  • Flexible prepayment options
  • Pay 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

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?

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

Mortgage Calculator

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

STEP Calculator

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

Mortgage Selector

Opening the door to homeownership.

Prepayment calculator

Find out what your mortgage prerepayment charge will be, so you can be mortgage-free faster.

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Make an appointment with a Home Financing Advisor

Talk to a Home Financing Advisor on the phone or at a location of your choice.

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Apply online with eHOME

You can be pre-approved, search for a home, and get a mortgage all in one place with Scotiabank’s online mortgage application process.

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Visit an advisor at your branch

Talk to a Scotiabank Financial Advisor at one of our branches to learn more about our mortgage solutions.