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Switch to Scotiabank Program†
Right for you if you want a hassle-free way to transfer your mortgage to Scotiabank
Switch your mortgage to Scotiabank® and get up to $1,200 to cover your switch fees.*
Overview
Switching your mortgage is easy. Once you provide us with your mortgage details, the Switch to Scotiabank Program takes care of the rest! We'll even cover your transfer or discharge fee!
Own a home, not a mortgage. Scotiabank provides mortgage tools and advice that can help you become mortgage-free faster and easier.
Take advantage of the Scotia Total Equity® Plan. Unique to Scotiabank, the Scotia Total Equity® Plan can help you achieve your goals by making your home equity work for you. Mix and match products for a total of 80% of your home's value without having to requalify.
- Mortgages: Borrow up to 80% of the value of your home and manage your interest rate risk by splitting your mortgage into 2 or 3 different types of mortgages and terms.
- Other Products: Borrow up to a total of 65% of the value of your home and choose lines of credit or other secured Scotiabank borrowing products†† that best suit your needs.
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.
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 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.
Special Offer
We are pleased to announce our Mortgage Switch Offer:
Customers who switch their mortgage to Scotiabank will receive up to $1,200 to cover applicable switch fees.*
- Minimum mortgage balance of $100,000.
- Offer is valid for all closed fixed rate mortgages with a 3 year term or greater, and the closed variable rate mortgage with a 5 year term.
For more information, please contact a Home Financing Advisor near you.
Ready to apply
By phone
Mon-Fri (9am-8pm)
In Person
See a Home Financing Advisor.
Online
Get Pre-Approved
All mortgages are subject to meeting Scotiabank's standard credit criteria residential mortgage standards and maximum permitted loan amounts.
Some conditions may apply. Offer only available on transfer of existing mortgages from another lender or financial institution to The Bank of Nova Scotia. Prepayment charges with your existing lender may be applicable if the mortgage has not reached the maturity date. This program can be changed or withdrawn at any time without notice and may not be combined with any other discounts, offers or promotions.
Some conditions may apply. All mortgage applications are subject to meeting Scotiabank’s standard credit criteria, residential mortgage standards and maximum permitted loan amounts. Offer only available on transfers of existing mortgages from another lender or financial institution to The Bank of Nova Scotia. Prepayment charges with your existing lender may be applicable if the mortgage has not reached its maturity date. This program may be changed or withdrawn at any time without notice and may not be combined with any other discounts, offers, or promotions.
The minimum mortgage amount is $100,000 and the new mortgage must be set up as a closed fixed rate mortgage with a 3 year term or greater or, a closed variable rate mortgage with a 5 year term. Scotiabank will pay a maximum of $800 to the appropriate service provider to cover mortgage closing costs for services ordered directly or approved by Scotiabank. This amount will be treated as cashback and will be repayable to Scotiabank if the mortgage is assumed, paid out, transferred, or renewed prior to the expiry of the mortgage term. The cashback amount may appear as an additional charge payable in any discharge or renewal statement, and will be calculated on an even prorated basis using a standard formula. Scotiabank will also cover up to a maximum of $400 towards any discharge or assignment fee (other than any prepayment charges) charged by the other financial institution in connection with the mortgage transfer (not applicable in Quebec). The mortgage must be funded within 120 days of the application date.
Registered trademark of The Bank of Nova Scotia.
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.
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.