|Rate Hold||90 Days (Feb 21)
The length of time that the lender will guarantee the rate. If you don't close by the date in parentheses, the rate is subject to change.
|Permitted Loan-to-Value||Up to 95%|
|Max Property Value||Inquire|
|Max Amortization||30 Years|
|On Ratespy Since||May 29, 2018|
|Last Updated||Jul 10, 2020|
|Latest Rate Change||-0.05%|
|Rate ID #||2752|
All Scotiabank mortgage rates
How It Compares
This rate is:
- The 18th-lowest 5-year fixed rate as of November 23, 2020
- Ranked 6 out of 2962 rates for popularity.
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.
RateSpy does not see or store your contact information or personal information when you inquire about a rate. The information you enter goes directly to the lender. Mortgage rates listed are subject to change at any time and apply to those with approved credit. Please contact the mortgage provider directly for more information.