Mortgage Program for Permanent Residents*
Right for you if:
- You have been a permanent resident in Canada for 3 years or less†
- You require a mortgage to help buy your first home in Canada
- Fixed or variable rates
Get a 6-month, 1 to 5 year, 7 year or 10 year fixed rate term or a Scotia Flex Value® mortgage.
- 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.
Visit StartRight Program for Newcomers for complete details on all of the program's services and products.
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 Payment Calculator
All mortgage applications are subject to meeting Scotiabank's standard credit criteria, residential mortgage standards and maximum permitted loan amounts.
Some conditions apply. The Scotiabank StartRight Mortgage Program for permanent residents, created for Canadian Permanent residents from 0-3 years in Canada.
Applicable to residential mortgages on owner occupied properties only and subject to meeting Scotiabank’s credit criteria, property requirements and maximum permitted loan amounts. Canada Guaranty, Canada Mortgage and Housing Corporation or Sagen™ default insurance may be required for Loan to Value (LTV) ratios greater than 65% to a maximum of 95%. Maximum LTV ratios available may be less than 95%. Down payment must come from applicant’s own resources (i.e. not gifted or borrowed).
Mortgage Rates Information
Special Offer Information
The above Annual Percentage Rates (APR) for our special offers are compounded semi-annually, not in advance. Each APR calculation is based on a mortgage of $100,000 with a 25 year amortization and a $300 appraisal fee. The actual appraisal fee may vary. The mortgage must be advanced within 120 days from the date of application. These offers are subject to change and may be withdrawn at any time without notice. Variable interest rates will change automatically as Scotiabank's prime rate changes. Applications are subject to meeting Scotiabank's standard credit criteria, residential mortgage standards and maximum permitted loan amounts. Other conditions may apply.