Scotiabank StartRight® 

Mortgage Program for Temporary Residents 

This program may be impacted by the Prohibition on the Purchase of Residential Property by Non-Canadians Act.

Right for you if:

  • You want to buy a home while staying in Canada† 
  • You want as many mortgage options as possible 

Overview 

Fixed or Variable rates 

Choose from fixed rate terms as low as 6 months and as long as 10 years, and Scotia Flex Value® closed mortgage. 

Financing  

Conventional and insured financing available.‡ 

Payment choice 

Choose from weekly, biweekly, semi-monthly, and monthly payment options.   

Insurance  

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 offered to temporary non-residents.

Mortgage Rates

Special Offers

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

Closed Term Fixed Rate Mortgages

Short Term Fixed Rate Mortgages

Mortgage tools

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Mortgage Calculator 

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

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What Can I Afford? 

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

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STEP Calculator 

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

Plan today for a secure tomorrow

 

Maintain the home and lifestyle you’ve worked hard to build.

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STEP Selector 

Opening the door to homeownership.   

Prepayment calculator

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

Ready to apply? 

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Apply Online

Get Pre-Approved 

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In Person

See a Home Financing Advisor 

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In Branch 

Make an appointment at your local branch

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By Phone

Mon-Fri (9am-8pm)

All mortgage applications are subject to meeting Scotiabank's standard credit criteria, residential mortgage standards and maximum permitted loan amounts.  
†
Some conditions apply. 
††
Applicable to residential mortgages only and subject to Scotiabank lending criteria for residential properties. CMHC/Sagen™ mortgage default insurance may be required for Loan to Value Ratios (LVR's) greater than 65% to a maximum of 95%. Maximum LVR's available may be less than 95%. Down payment must come from applicant's own resources (i.e. not gifted). This offer is available for all qualified purchase customers. 
Mortgage Rates Information
Special Offer Information 
1
APR 3.45% 
2
APR 2.70% 
3
APR 5.75% 
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.
Interest rates are provided for information purposes only and are subject to change at any time without notice. All rates are calculated semi-annually, not in advance. 
All mortgage applications are subject to meeting Scotiabank's standard credit criteria, residential mortgage standards and maximum permitted loan amounts.