Scotiabank Mortgage Rates

Compare current Scotiabank mortgage rates in Canada

Unlock your home's potential with the Scotia Total Equity Plan.

By Andrew · Last reviewed October 14, 2026Sources: the lender’s public rate pages, collected into the table on this page. Confirm the contract rate, fees, and eligibility with the lender before you apply.

Best Scotiabank Rates

Lowest rates by product type

5-Year Fixed

Insured

No rate available

5-Year Fixed

Uninsured

4.90%

Uninsured

View Rate

5-Year Variable

Insured

No rate available

5-Year Variable

Uninsured

No rate available

Rate Overview

Best rate for each term and product type

Best Not offered

Term	Fixed Insured	Fixed Uninsured	Variable Insured	Variable Uninsured
5 years	—	4.90%	—	—

Posted vs what borrowers actually get

Scotiabank rates self-reported by Canadian borrowers online, last 30 days, as of October 4, 2026. The posted rate is this bank's uninsured rate in the current snapshot. Insured status on the reports is often unstated, so each row combines every status.

The bank's own posted rate (uninsured product in the current snapshot) versus the median rate self-reported by Canadian borrowers online from that bank. All insured statuses are combined.

Scotiabank · 5-year fixed

N = 7 · small sample

Reported 4.25% · posted 4.90% · 0.65 pts below posted

Rows with N under 10 are labeled small sample. Comparisons without a posted rate in the snapshot are left off the chart.

3-year fixed (N = 13); 5-year variable (N = 17) omitted: no posted rate in this snapshot.

Real mortgage rates · How to negotiate · Check an offer

Fixed Rate Mortgages

Lock in your rate for the term of your mortgage

5 years

1 option

Best Rate

Uninsured

4.90%

Get This Rate

📖

Mortgage Negotiation Guide

Negotiating your rate could save thousands, depending on your mortgage.

Learn More

About Scotiabank

Scotiabank stands out in the Canadian mortgage market with its innovative Scotia Total Equity Plan (STEP), allowing homeowners to combine a mortgage with a home equity line of credit and access up to 80% of their home's value. Scotiabank offers competitive fixed and variable mortgage rates, plus specialized products for newcomers, self-employed borrowers, and investors. Their eHOME platform enables a fully digital mortgage application experience, while Home Financing Advisors provide personalized support in-branch or virtually. Scotia Mortgage Protection offers optional insurance coverage for life, disability, critical illness, and job loss â€” giving homeowners peace of mind.