5 To qualify, certain conditions must be met.

6 No monthly account fees for a year offer conditions: To qualify for a monthly account fee waiver on a new Preferred or Ultimate Package for up to 1 year (the “Offer”), you must:

  1. Open a new or transfer an existing Eligible Mortgage (as defined below) which is approved and funded between April 1, 2022 and September 30, 2022;
  2. Open a new Ultimate Package or Preferred Package (each a “Package”) between April 1, 2022 and September 30, 2022; and
  3. Within 60 days of Package opening and Eligible Mortgage funding (whichever occurs later), set up recurring Pre-Authorized Debit (PAD) mortgage payments from the new Ultimate Package or Preferred Package and continue for 12 consecutive months.

The Offer is only available on new Scotiabank residential mortgages or on transfers of existing residential mortgages from another lender or financial institution to The Bank of Nova Scotia. The minimum mortgage amount must be $100,000 and the new mortgage must be set up as a closed fixed rate mortgage with a term of 3 years or greater or, a closed variable rate mortgage with a term of 5 years (each an “Eligible Mortgage”). Refinancings or renewals of existing Scotiabank mortgages and applications for increases to existing Scotiabank mortgage amounts are excluded from this Offer. All mortgage applications are subject to meeting Scotiabank's standard credit criteria, residential mortgage standards and maximum permitted loan amounts. If transferring an existing Eligible Mortgage, prepayment charges with your current lender may be applicable if the mortgage has not reached its maturity date.

To qualify, the primary borrower or any co-borrower(s) of the Eligible Mortgage must not be current holders of a Scotiabank Chequing Account (as defined below) or be previous holders of a Scotiabank Chequing Account within the last two (2) years. “Scotiabank Chequing Account” means any of the following accounts: Ultimate Package, Preferred Package, Scotia One Account, Basic Plus Bank Account, Basic Banking Plan, Basic Bank Account, Momentum Chequing, Power Chequing, Scotia One Service, Scotia Value, Student Banking Advantage Plan. Employees of Scotiabank are also not eligible for the Offers.

Provided all Offer conditions are met, the monthly Package fee will be waived for 12 months starting within 45 business days after mortgage payment begins and will not appear as a charge provided the Package is open and in good standing at time of waiver and for as long as the Eligible Mortgage payment PAD continues to be withdrawn from the Package. Please note this offer is not combinable with Ultimate Package preferred mortgage rates on the Eligible Mortgage. All other applicable service charges on the Package will continue to be applied.

This Offer may be changed, withdrawn, suspended or extended any time without notice.

Switch to Scotiabank program1

Right for you if you want a hassle-free way to transfer your mortgage to Scotiabank

Special Offer

Switch your mortgage to Scotiabank® and get up to $1,200 to cover your switch fees.2

Speak to a Mortgage Specialist


Switching your mortgage is easy. Once you provide us with your mortgage details, you can take advantage of our limited time offers and customize your terms under the Switch to Scotiabank Program! 

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.3

  • 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 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.


Earn a $300 welcome bonus with a new Preferred Package or Ultimate Package5.

Plus, pay no monthly account fees for up to a year by setting recurring payments to a new Scotiabank eligible mortgage6.

Get offer

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.

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.

Prepayment calculator

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

Special Offer

We are pleased to announce our Mortgage Switch Offers:

Apply with one of our Home Financing Advisors today and get up to $1,200 towards your applicable switch fees.2

  • 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.

Now you can switch your mortgage to Scotiabank online through eHOME4

Customers who switch their mortgage online will receive preferred mortgage rates and save up to $300 in appraisal fees. In addition to covering your appraisal fee, receive $500 cashback to help cover your switch costs.

  • Minimum mortgage balance of $100,000.
  • Offer is valid for all closed fixed rate mortgages with a 2, 3, 4, 5 year term, and the closed variable rate mortgage with a 5 year term.
  • Online applications only eligible for a home that you will live in (Rental properties are not eligible).
  • eHOME switch and this eHome switch offer is not available in Quebec. 

If you are ready to switch now you can start your application online through eHOME.

Make an appointment at your local branch

Contact us

Make an appointment with a Home Financing Advisor

Talk to a Home Financing Advisor on the phone or at a location of your choice.

Apply online with eHome

You can be pre-approved, search for a home, and get a mortgage all in one place with Scotiabank’s online mortgage application process.

Visit an advisor at your branch

Talk to a Scotiabank Financial Advisor at one of our branches to learn more about STEP and Scotia Mortgage Protection.