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

  • 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.

  • PLUS

  • 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.

    Try this tool, Mortgage-Free Faster Calculator
    What Can I Afford?

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

    Try this tool, What Can I Afford?
    Mortgage Payment Calculator

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

    Try this tool, Mortgage Payment Calculator
    STEP Calculator

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

    Try this tool, STEP Calculator
    Mortgage Selector

    Opening the door to homeownership.

    Try this tool, Mortgage Selector
    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.

    Try this tool, Mortgage Comparison Calculator

    Ready to Apply


    Mon-Fri (9am-8pm)

    1(877) 303-8879
    In Person

    See a Home Financing Advisor

    Find a Home Financing Advisor
    In a Branch

    Make an appointment at your local branch

    Find a Local Branch

    Get pre-approved or apply for a mortgage

    Apply Today