The Long and Short® Mortgage

Right for you if:

  • You want low interest short-term rates

  • You want the security of a longer fixed rate mortgage and can't decide

  • Overview

  • Two interest rates
    Get any fixed rate, closed term mortgage for one portion, and a Scotia Flex Value© Mortgage for the other.

  • Added Benefits
    With this program being under The Scotia Total Equity Plan you may be able to also reduce the cost of your borrowing and potentially save hundreds of dollars every 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.

  • Scotia Mortgage Protection can help make sure the home you worked so hard for is protected.

  • Rates, Terms & Options


    One part of the mortgage amount reset every month as Scotiabank Prime Rate changes


    One part of the mortgage amount at a fixed rate for the full term chosen

    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 Calculator

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

    Try this tool, Mortgage 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


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    Make an appointment at your local branch

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    1(877) 303-8879