Scotiabank
Scotiabank mortgage rates — and how to beat the posted rate.
Scotiabank’s broker-channel rate is typically 15-30 bps below the rate you’d see walking into a branch. We access it as an FSRA-licensed brokerage — and compare it against 50+ lenders so you get the best fit, not just one bank’s sheet.
Rates as of May 13, 2026 · source: editorial rate registry. Personalized rate depends on your file. O.A.C.
5-year fixed
4.19%
Best in our network
5-year variable
4.04%
Best in our network
3-year fixed
4.39%
Best in our network
About Scotiabank (a broker’s view)
Industry leader on newcomer mortgages via Scotia StartRight — among the most flexible major banks for permanent residents and work-permit holders. Strong investment-property lender with the Scotia STEP readvanceable program.
- Scotia StartRight newcomer program
- Investment property mortgages
- Scotia STEP readvanceable
- International credit acceptance
Scotiabank mortgage rates — FAQ
What are Scotiabank's mortgage rates today?
Lenders run two rate sheets — the posted/branch rate and the broker-channel rate. As an FSRA-licensed brokerage we access Scotiabank's broker-channel pricing, typically 15-30 bps below their posted rate. Your exact rate depends on your file (income, credit, LTV, property).
Is Scotiabank a good mortgage lender?
Industry leader on newcomer mortgages via Scotia StartRight — among the most flexible major banks for permanent residents and work-permit holders. Strong investment-property lender with the Scotia STEP readvanceable program.
Can I get a lower rate than Scotiabank's posted rate?
Usually, yes. Scotiabank's broker-channel rate is typically lower than the walk-in rate, and we also compare Scotiabank against 50+ other Canadian lenders — sometimes another lender prices your specific file better. We shop all of them on one application.
Does Scotiabank offer rate holds?
Yes — like all major Canadian lenders, Scotiabank offers rate holds (typically 90-120 days) for pre-approved borrowers. We can submit your file to Scotiabank for a real underwritten pre-approval.
How do I apply for a Scotiabank mortgage?
Through a licensed broker you reach Scotiabank's broker channel directly. Start a no-obligation application with Mortgage Squad Advisors (FSRA #13737) and we'll submit to Scotiabank — and compare it against the rest of the network — with no bureau pull to begin.