Programs and Resources

Scotia Flex Value® Mortgage

Those looking to take advantage of the current low rate environment but who want the flexibility to lock in at anytime.

Scotia Secondary Home® Financing Program

Clients looking to purchase a secondary home, housing for a child away at university, or a vacation home.

Scotia Total Equity® Plan (Scotia STEP® Program)

Help your clients reduce the cost of their borrowing by accessing a preset borrowing limit at lower secured rates.

Scotia Ultimate Variable Rate® Mortgage

Another great mortgage to suit today's rate climate: a 3-year closed variable rate mortgage with cap rate protection during the 3-year term.

Scotiabank StartRight® Mortgage Program - Permanent Residents

The Scotiabank StartRight Mortgage Program is available for Permanent Residents and Temporary Residents.

Scotiabank StartRight® Mortgage Program - Temporary Residents

The Scotiabank StartRight Mortgage Program is available for Permanent Residents and Temporary Residents.

ScotiaLine® Personal Line of Credit

Provide your clients with control over their finances with immediate and convenient access to funds for purchases or unexpected expenses.

Business for Self Plus Program

This program is designed to provide additional mortgage solutions to customers with moderate personal incomes who also have income in their operating companies.

First-Time Home Buyer Incentive Program (FTHBI)

Allows eligible first-time homebuyers, who have the minimum down payment for an insured mortgage, to apply to finance an additional portion of their downpayment through an incentive of either 5% or 10% secured by a shared equity mortgage with the Government of Canada (registered as a second mortgage).

Instant Funding Program

Non-Resident Lending Program

Residents of other countries seeking to purchase a second/vacation home in Canada.

Projected Income for Dentists and Veterinarians

A projected income program for Dentists and Veterinarians to qualify for a mortgage using a defined projected income

Projected Income for Physicians

A projected income program for Medical Doctors who are eligible to qualify for a mortgage using a defined projected income based on their specializations.

Purchase Plus Improvements

Qualified homebuyers who seek to make improvements to their newly purchased property immediately after taking possession.

Scotia Total Equity® Plan - Features & Benefits

Switch to Scotiabank Program

The Long and Short® Mortgage

Offer your clients a simple way to take advantage of current low interest rates in the short term while protecting themselves against rising rates over the longer term.

The Scotia® Rental Property Financing Program

Ideal for clients looking for financing for rental properties.

Total Net Worth Program

This program is designed to provide additional mortgage solutions to customers with moderate incomes who have a significant amount of verifiable liquid assets and strong credit scores.


Lender Updates

Recent Changes by the lender

Update From Scotia Mortgage Authority

Dear Brokers:

I hope this message finds you and your families safe and healthy. It’s been an unprecedented time for us all, and we are hopeful that we will start to see a return to normalcy in the coming weeks.

Despite the challenges we are all currently facing, our broker partnerships remain as strong as ever. I want to say a heartfelt thank you to each of you, and take an opportunity to provide an update on what has been happening with Scotia Mortgage Authority since my last note to you.

We will now accept e-signatures on our PAD form. We are excited to announce that effective immediately, electronically-signed documents signed through a reputable e-signature provider will be accepted by Scotia Mortgage Authority if our e-signature requirements are met. You can find our requirements for e-signatures on

Your clients can sign their mortgage documents virtually. In recent weeks we introduced a virtual signing process for our Instant Funding Program, in collaboration with our partners at FCT and FNF. Further information on eligibility for this virtual signing process can be found on We also allow solicitors to complete our identity verification requirements through a virtual process, enabling them to have documents signed using video conferencing if this is acceptable under the laws of their jurisdiction.   

We continue to introduce innovative new lending solutions, like our recently expanded StartRight program. Our exciting revamp of this program leverages net worth to provide innovative financing solutions for new-to-Canada clients without established employment or credit history in Canada.1

We have enhanced our lending policies, including accepting the Canadian Child Tax Benefit as an income source. We are pleased to accept up to 15% of a client’s income from the Canadian Child Tax Benefit / Quebec Family Allowance on default-insured applications (some conditions apply). We have also introduced policy enhancements for car allowances and rental income verification. 1 

Further information on all of these initiatives can be found at Please take the time to review the details, terms and conditions of each item, and speak to your BRM/BLM about any questions you may have.

Lastly, I wanted to share a recent Scotiabank Economics report on the Canadian Housing Market (attached), as well as this Investment Executive article about our Housing Market Forecast. I think you will agree there is good reason to be optimistic about what lies ahead.

During difficult times like these, we understand the importance of strong, reliable partnerships. We will continue to be there for you, just as you’ve been there for us. We are confident we will get through this together and emerge even stronger. Thank you for all you do.

Garry Morrison

Vice President

Scotia Mortgage Authority

Update on using LOC for Down-Payment

Scotiabank will no longer allow clients to borrower from their LOC's for a down payment on rental property purchases. You can borrow from a rental LOC to buy an owner-occupied but not a rental.


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