|Rate Hold||90 Days (Dec 31)|
|Permitted Loan-to-Value||Up to 95%|
|Max Property Value||Inquire|
|Max Amortization||30 Years|
|On Ratespy Since||October 19, 2022|
|Last Updated||Jul 19, 2023|
|Previous Update||Jun 18, 2023|
|Latest Rate Change||+0.10%|
|Rate ID #||7038|
All Scotiabank mortgage rates
How It Compares
- The 11th-lowest 4-year fixed rate as of October 02, 2023
Scotiabank is Canada's third largest bank.
Please note, this is not the bank's official rate. This rate reflects RateSpy's estimate of the typical "discretionary rate" made available to certain well-qualified borrowers who obtain a mortgage from one of Canada's top six banks. It reflects our estimate of typical bank rates for this term, based on common industry discounts from posted rates and intelligence we gather from mortgage advisors in the field, including those at this bank. Such estimates are subject to error and in many cases your actual rate at the bank may be higher or lower. This rate is not meant to apply to those who are ALREADY customers of the bank and wish to renew or refinance with the bank. This estimated rate applies only to those who are purchasing or refinancing an owner-occupied home. Surcharges may apply to rental financing, extended amortizations, non-standard properties and those with imperfect credit, among other things. You must confirm the actual rate directly with the bank. The update date reflects the date that this lender's posted rate last changed, which is different than the *discretionary rate* shown here. The discretionary rate you see here may have changed after this date.
All mortgage applications are subject to meeting Scotiabank's standard credit criteria, residential mortgage standards and maximum permitted loan amounts.