Learn about mortgage statements, how to access your mortgage summary online and how to pay your property taxes.
Learn about mortgage documents
A mortgage statement is a document you'll receive annually by mail between January and March. The following examples represent some of the information you'll find on your mortgage statement:
The total sum of all payments made to your mortgage
The amounts from your payments applied toward your principal and toward interest
The principal balance at the end of the statement period
Your current regular payment as of the statement date
The current interest rate at the end of the statement period
The remaining amortization at the end of the statement period
The different options available to pay down your mortgage loan faster
Your annual prepayment privilege
Your property tax payment, if applicable
Your creditor insurance premiums, if applicable
If you require basic information about your mortgage (such as interest paid for tax purposes), you can view a simple mortgage summary online.
If you use CIBC Online Banking® or CIBC Mobile Banking®:
Sign on using your login credentials
Select your mortgage account from your list of accounts
From the Account Details screen and the "View" drop-down menu, choose "Mortgage Loan – Annual Summary"
The summary displays information about your mortgage for the past 2 calendar years, if applicable.
Property taxes are fees that every homeowner pays to their local municipality. They are used to fund public services including garbage, recycling, snow removal, road maintenance, libraries, emergency services, public transportation and more.
Property taxes are calculated using your local municipality tax rate and your home's assessed value.
Property taxes are paid on a quarterly, semi-annual or annual basis, depending on your municipality.
You can choose between 2 options to pay your property taxes:
You pay your property taxes directly to your municipality. Your municipality will determine the payment methods and frequency available.
We pay the municipality on your behalf. We'll collect funds through your regular mortgage payments that we use to pay your municipal property tax. To opt in to have your local property taxes incorporated into your scheduled mortgage payments, call the Mortgage Contact Centre at 1-866-525-8622 Opens your phone app..
Go paperless
Switch to eStatements to access your documents online, all in one place.
We understand you may be exploring your mortgage options and have questions, concerns or goals you’re working toward. Whether you’re speaking with an advisor or reaching out to our Mortgage Contact Centre, we’re here to support you along your mortgage journey.
Here are some common questions our clients ask us:
Can I have a summary of what my mortgage principal looks like today?
Which account does my mortgage payment come out of?
How much of my payment is going toward principal versus interest?
What is my mortgage maturity date or renewal date?
What are the differences between a fixed and variable rate mortgage? What are the pros and cons of each?
What happens when my mortgage is up for renewal? How should I be preparing?
Ready to talk about mortgages?
We can answer your mortgage questions even if you're just exploring options.
