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From title fraud to mortgage scams, understand the common types of real estate fraud in Canada and how to avoid it.
Scotia Flex Value Mortgage - 5 Year Open Term
Right for you if you want the maximum amount of flexibility and you're taking this open term as part of the Scotia Total Equity® Plan
Overview
Low rates and payments. Low rate with associated payment amounts calculated each time the Scotiabank Prime Rate changes.
Prepay with no prepayment charges. Increase your payments by any amount, at any time, with no prepayment charges.†
Convert anytime. Get any fixed term product with no prepayment charges.
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 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.
Related articles
Here's everything you need to know about mortgage paydown strategies and how to minimize or avoid prepayment charges.
Own a home or thinking of buying one? Find out what the Bank of Canada interest rate cuts mean for your mortgage and purchasing power.
More information that may interest you
Forms
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 our mortgage solutions.
1
APR 6.45%
2
APR 5.40%
3
APR 8.15%
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.
The Scotia Flex Value - Open term - Scotiabank Prime as of March 13, 2025 was 4.95%. As of March 13, 2025 the Scotia Flex Value Open rate was 8.15%. If there are no 'cost of borrowing' charges (for example, appraisal fees), the APR for the rate of 8.15% equals 8.15% (compounded semi-annually, not in advance). Where a typical appraisal fee of $300 is assumed (actual appraisal fees may vary), the APR equals 8.15% (compounded semi-annually, not in advance), for a term of 5 years - assuming a mortgage of $100,000 with a 25-year amortization.
The Scotia Flex Value - Closed term - Scotiabank Prime as of March 13, 2025 was 4.95%. As of March 13, 2025 the Scotia Flex Value Closed rate was 5.40%. If there are no 'cost of borrowing' charges (for example, appraisal fees), the APR for the rate of 5.40% equals 5.40% (compounded semi-annually, not in advance). Where a typical appraisal fee of $300 is assumed (actual appraisal fees may vary), the APR equals 5.40% (compounded semi-annually, not in advance), for a term of 5 years - assuming a mortgage of $100,000 with a 25-year amortization and that the mortgage is solicitor/notary facilitated.
*
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.
†
Some Conditions Apply.
This offer is available for all qualified purchase, switch, refinance and renewal customers. It's applicable to new or existing properties with a maximum of 4 units. Subject to applicable credit approval, Scotiabank residential mortgage standards and maximum permitted loan amounts. This offer can be changed or withdrawn at anytime without notice and may not be combined with other discounts, offers or promotions.