** Offer available for mortgages transferred in from another financial institution to a CIBC Mortgage or 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, 2019, and must fund within 120 days of application. Qualifying clients will receive $1,000 on mortgage amounts of $300,000 or more or $750 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, 2019. Offer subject to credit approval and may be changed, withdrawn or extended at any time, without notice.
The 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.
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.