Making the cottage dream a reality

Right for you if you want to buy a family cottage and want a variety of financing options.

Overview

  • Many financing options available. Get financing for up to 95% of the value of your second home or cottage†.
  • Choose from Scotiabank's range of available fixed or variable rate mortgage products.
  • Home equity. With the Scotia Total Equity® Plan*, you can initially borrow up to 80% of the value of your home to finance the purchase of a second home or cottage.

Plus

  • Choose from weekly, biweekly, semi-monthly, and monthly payment options.
  • Scotia Mortgage Protection can help make sure the home you worked so hard for is protected.

Mortgage rates

Special Offers

We understand that everyone's mortgage needs are different. Let us help you find a mortgage that's just right for you4.

Variable Rate Mortgages

Closed Term Fixed Rate Mortgages

Short Term Fixed Rate Mortgages

Mortgage tools

It's easy to achieve your goals.

Mortgage-Free Faster Calculator

Discover how small changes can have a big effect. This tool will show you how you can be mortgage-free faster.

What Can I Afford?

Find out how much, so you can arrange your mortgage and shop for a home with confidence.

Mortgage Calculator

Determine your payment options, amortization and more, all with one calculator.

STEP Calculator

Discover how small changes can have a big effect. This tool will show you how you can be mortgage-free faster.

Mortgage Selector

Opening the door to homeownership.

Prepayment calculator

Find out what your mortgage prerepayment charge will be, so you can be mortgage-free faster.

Ready to apply

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Make an appointment with a Home Financing Advisor

Talk to a Home Financing Advisor on the phone or at a location of your choice.

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Apply online with eHOME

You can be pre-approved, search for a home, and get a mortgage all in one place with Scotiabank’s online mortgage application process.

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Visit an advisor at your branch


Talk to a Scotiabank Financial Advisor at one of our branches to learn more about our mortgage solutions.

All mortgage applications are subject to meeting Scotiabank's standard credit criteria, residential mortgage standards and maximum permitted loan amounts. 
†

Some conditions apply.

Conditions

This offer is available for all qualified purchase, switch, refinance and renewal customers, and is subject to applicable credit approval, Scotiabank residential mortgage standards and maximum permitted loan amounts.

Conventional uninsured financing is available for Type A vacation properties up to a maximum loan to value ratio of 80%. For Type A vacation properties, mortgage financing is available for loan to value ratios from 80.01% - 95% subject to mortgage insurance being provided by Sagen™ or Canada Mortgage and Housing Corporation.
Conventional uninsured financing is available for Type B vacation properties up to a maximum loan to value ratio of 75%. For Type B vacation properties, mortgage financing is available for loan to value ratios from 75.01% - 90.00% subject to mortgage insurance being provided by Sagen™.

Customers may choose from Scotiabank's range of available fixed or variable rate mortgage products.

Mortgage Rates Information

Special Offer Information

1
APR 7.45%
2
APR 6.38%
3
APR 9.15%
The above Annual Percentage Rates (APR) for our special offers are compounded semi-annually, not in advance. Each APR calculation is based on a mortgage of $100,000 with a 25 year amortization and a $300 appraisal fee. The actual appraisal fee may vary. The mortgage must be advanced within 120 days from the date of application. These offers are subject to change and may be withdrawn at any time without notice. Variable interest rates will change automatically as Scotiabank's prime rate changes. Applications are subject to meeting Scotiabank's standard credit criteria, residential mortgage standards and maximum permitted loan amounts. Other conditions may apply.

Interest rates are provided for information purposes only and are subject to change at any time without notice. All rates are calculated semi-annually, not in advance.

All mortgage applications are subject to meeting Scotiabank's standard credit criteria, residential mortgage standards and maximum permitted loan amounts.