Scotiabank mortgage rates
Scotiabank published a posted 5-year fixed rate of 6.19% when we read its website on Nov 13, 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.
What are Scotiabank's mortgage rates by term?
| 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 |
What does Scotiabank's 5-year rate cost on $500,000?
| Scotiabank 5-yr | 6.19%read Nov 13, 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 13, 2026.
Which Scotiabank rates did we collect, and from which page?
| Term | Type | Insured | Kind | Rate | Fine print (the lender's words) | Source |
|---|---|---|---|---|---|---|
| 6-month | Fixed | Not split | posted | 6.09% | — | page as of Nov 13, 2026 |
| 1-year | Fixed | Not split | posted | 5.49% | — | page as of Nov 13, 2026 |
| 2-year | Fixed | Not split | posted | 5.24% | — | page as of Nov 13, 2026 |
| 3-year | Fixed | Not split | posted | 6.05% | — | page as of Nov 13, 2026 |
| 3-year | Variable | Not split | posted | 6.20% | — | page as of Nov 13, 2026 |
| 4-year | Fixed | Not split | posted | 6.09% | — | page as of Nov 13, 2026 |
| 5-year | Variable | Not split | posted | 5.15% | — | page as of Nov 13, 2026 |
| 5-year | Fixed | Not split | posted | 6.19% | — | page as of Nov 13, 2026 |
| 7-year | Fixed | Not split | posted | 6.40% | — | page as of Nov 13, 2026 |
| 10-year | Fixed | Not split | posted | 6.80% | — | page as of Nov 13, 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 13, 2026; check the lender's page before relying on any rate.
How does Scotiabank charge to break a mortgage early?
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.
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 13, 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.