Scotia Secondary Home® Financing Program

Right for you if:

  • You're thinking of buying a second home
  • You need simple loan options

Overview

  • Fixed or variable rates†. 
    Choose either fixed or variable rates for the full term.
  • Can be applied to Type A and Type B  Vacation Properties

Generally speaking, Type A vacation properties are the same as standard residential properties in terms of quality of construction and materials used. They have year-round road access, and generally meet standard residential property lending requirements. Type B vacation properties must meet all Type A property requirements except for the following:

- A standard heating system is not required.

- Year-round road access is not required (e.g. unplowed road in the winter is acceptable.

  • 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.

What Can I Afford?

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

Mortgage Payment 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.

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.

Ready to apply

Phone


Mon-Fri (9am-8pm)

Online


Get pre-approved or apply for a mortgage