Mortgage Rates1

CIBC Current prime rate % as of


Celebrate with up to $750 cash back on your mortgage*

Dollar bills flying out of Percy Penguin’s computer screen
Fixed Rate Mortgages Term Posted Rate Special Offers2
CIBC Fixed Rate Closed Mortgage

The security of a fixed interest rate, so you always know exactly what your payments will be.

1 year %
2 years %
3 years %
4 years %
5 years %
7 years %
10 years %
CIBC Fixed Rate Open Mortgage

The security of a fixed interest rate and the flexibility to pay off as much of your mortgage as you want, when you want.

6 months %
1 year %
CIBC Convertible Mortgage

A short-term closed mortgage with a fixed interest rate and the flexibility to convert to a long-term closed mortgage at any time.

6 months %
Variable Rate Mortgages Term Posted Rate Special Offers
CIBC Variable Flex Mortgage®

A low variable interest rate with the flexibility of annual prepayments of up to 20% without paying a prepayment charge3.

3 years %
5 years %
CIBC Variable Rate Open Mortgage

A set monthly mortgage payment. If the CIBC Prime rate goes down, more of your payment goes to the principal. If the rate rises, more of your payment goes to interest.

5 years %
Mortgage Special Offers and Bundles
CIBC Home Power Plan®

Use the equity in your home to consolidate all of your personal credit under one simple, low interest, secured lending solution.

Choose from a wide range of mortgage options that give you competitive rates and customized borrowing solutions.
CIBC Wealth Builder Mortgage®

Pay down your mortgage while you build savings with cash back4.

Available on CIBC Fixed Rate Closed Mortgages of 3-year terms or more.
Cash Back Offer

Get a cash back mortgage offer based on your mortgage amount and term.

Available on CIBC Fixed Rate Closed Mortgages of 3-year terms or more and on the CIBC Variable Flex Mortgage.

See also: Loans and Lines of Credit Rates, Personal Bank Account Rates

Terms and Conditions

* Offer available to eligible first-time homebuyers and for transfers-in to a CIBC Home Power Plan on mortgages of $100,000 or more with a term of 3 years or longer on a CIBC Fixed-Rate Closed Mortgage or CIBC Variable Flex Mortgage. You must have a personal CIBC chequing account; pre-authorized mortgage payments must come from a CIBC bank account. Application must be submitted by February 28, 2018, and must fund within 120 days of application. Qualifying clients will receive $750 on mortgage amounts of $300,000 or more or $500 on mortgage amounts of $100,000 to $299,999 in their personal CIBC chequing account 6-8 weeks after funding. Other conditions and restrictions apply. Ask us for details. Offer ends February 28, 2018. Offer subject to credit approval and may be changed or withdrawn at any time.

1 Rates are subject to change without notice at any time. Offer may change or be withdrawn at any time without notice. Other conditions and restrictions apply.

All applicants must meet the CIBC lending criteria. Other conditions and restrictions apply. Products and their features may change at any time. Variable interest rates may change at any time. This is a general description only. For more information and product terms and conditions, consult product brochures or call 1-866-525-8622.

2 Special offers apply only to new mortgages of owner-occupied properties with an amortization of 25 years or less. Annual Percentage Rate (APR) is based on a new $275,000 mortgage for the applicable term and a 25-year amortization assuming a Property Valuation Fee of $250. Rates shown for the applicable term are CIBC’s special discounted rates and are not posted rates of CIBC. Offer may be changed, withdrawn or extended at any time, without notice.

APR means the cost of borrowing for a loan expressed as an interest rate. It includes all interest and non-interest charges associated with the mortgage. If there are no non-interest charges, the annual interest rate and APR will be the same.

3 Non-cumulative and does not apply if you prepay in full.

4 CIBC Wealth Builder Mortgage is only available on the 5-year CIBC Variable Flex Mortgage and fixed rate closed mortgages of 3-year terms or greater for mortgages of $75,000 or more. You must maintain both a CIBC savings and CIBC chequing account to receive cash back up front and during the mortgage term. Cash back amounts that were paid up front are repayable if mortgage is discharged, transferred or renewed before maturity date. Assumptions, conversions, early renewals and ports of existing CIBC mortgages do not qualify. Other conditions apply; ask for details. CIBC may change or cancel this offer at any time without notice.

5 Customers must have an existing personal CIBC chequing account, or open a CIBC Everyday® Chequing Account with pre-authorized debit mortgage payments to receive the rebate. Chequing Account must be open at the time of funding and/or rebate deposit. Offer cannot be combined with any other offers.

6 Transfer-in your mortgage for free – there are no CIBC legal, property evaluation or transfer-in fees. Straight mortgage transfers only; no refinances.

7 Cash back based on a 5-year fixed-rate closed or 5-year closed CIBC Variable Flex Mortgage with a principal mortgage amount of $250,000. Cash back amount is 2% of mortgage principal. Mortgage principal must be minimum $75,000 for cash back offer and must fund within 30 days from date of application to qualify. Limit 1 cash back offer per mortgage. Conditions and restrictions apply. Offer may change or be withdrawn at any time.