* Special rate offer available only for a new, high-ratio 5- or 7-year CIBC Fixed-Rate Closed Mortgage or a 5-year CIBC Variable Flex Mortgage® of an owner-occupied property where the principal amount of the mortgage is $10,000 or more and the amortization is 25 years or less. Rate is not available for the mortgage loan component of a CIBC Home Power Plan®. Rates shown for the applicable term are CIBC’s special discounted rates and are not posted rates of CIBC. Application must be submitted by June 30, 2018 and mortgage must fund within 120 days of application date. All applicants must meet the CIBC lending criteria. Rate is subject to change or may be withdrawn without notice at any time. Other conditions and restrictions apply.
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.