Scotiabank mortgage rates
Scotiabank published a posted 5-year fixed rate of 6.19% when we read its website on Nov 1, 2026. The lowest comparable rate we collected anywhere was 4.59% at ATB Financial. Below: every closed rate it publishes, with its source page, what each costs on $500,000, and its prepayment terms.
| Term | Lowest special / advertised | Posted | Gap | Payment at special | Payment at posted |
|---|---|---|---|---|---|
| 6-month | — | 6.09% | — | — | $3,225.83 |
| 1-year | — | 5.49% | — | — | $3,049.05 |
| 2-year | — | 5.24% | — | — | $2,976.71 |
| 3-year | — | 6.05% | — | — | $3,213.91 |
| 4-year | — | 6.09% | — | — | $3,225.83 |
| 5-year | — | 6.19% | — | — | $3,255.72 |
| 7-year | — | 6.40% | — | — | $3,318.87 |
| 10-year | — | 6.80% | — | — | $3,440.56 |
| Scotiabank 5-yr | 6.19%read Nov 1, 2026 |
|---|---|
| Lowest collected (ATB Financial) | 4.59% |
| Mortgage | $500,000, 25 years, 5-year term |
| Monthly payment, lower → higher rate | $2,792.44 → $3,255.72 |
| Interest difference over 5 years | $38,541 |
Open this example in the calculator →Computed Nov 2, 2026.
All Scotiabank rates we collected
| Term | Type | Insured | Kind | Rate | Fine print | Source |
|---|---|---|---|---|---|---|
| 6-month | Fixed | Not split | posted | 6.09% | Flexible/closed. | page as of Nov 2, 2026 |
| 1-year | Fixed | Not split | posted | 5.49% | page as of Nov 2, 2026 | |
| 2-year | Fixed | Not split | posted | 5.24% | page as of Nov 2, 2026 | |
| 3-year | Fixed | Not split | posted | 6.05% | page as of Nov 2, 2026 | |
| 3-year | Variable | Not split | posted | 6.20% | Scotia Ultimate Variable Rate Mortgage, 3-year closed term (posted). | page as of Nov 2, 2026 |
| 4-year | Fixed | Not split | posted | 6.09% | page as of Nov 2, 2026 | |
| 5-year | Variable | Not split | posted | 5.15% | Scotia Flex Value Mortgage, closed 5-year term (posted). | page as of Nov 2, 2026 |
| 5-year | Fixed | Not split | posted | 6.19% | page as of Nov 2, 2026 | |
| 7-year | Fixed | Not split | posted | 6.40% | page as of Nov 2, 2026 | |
| 10-year | Fixed | Not split | posted | 6.80% | page as of Nov 2, 2026 |
Highlighted rows are the lowest special or advertised rate for that term and type among the rows shown. * = the lender's own prime rate plus its stated spread. Collected Nov 2, 2026; check the lender's page before relying on any rate.
Prepayment and penalties
We didn't find Scotiabank's penalty method on the pages we read. It's in your mortgage contract's information box.
Check a Scotiabank posted-rate IRD · full penalty calculator on BankMortgages.ca
About this lender
Bank lending across Canada.
Scotiabank's rates page lists posted rates only (effective November 2, 2026); its special-offers page publishes no discounted rate figures.
MortgageRateToday.ca isn't affiliated with Scotiabank and isn't paid by any lender.
Frequently asked questions
What is Scotiabank's 5-year fixed mortgage rate?
On Nov 2, 2026, Scotiabank's own website showed a posted 5-year fixed rate of 6.19%. Rates change often; check the lender's page.
What is Scotiabank's variable mortgage rate?
The lowest closed variable rate on its page was 5.15% for a 5-year term.