Variable rate mortgages

CIBC Variable Flex Mortgage®

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

Learn more All rates

What is a variable rate mortgage?

With a variable rate mortgage, your interest rate will fluctuate with the CIBC Prime rate throughout the mortgage term, but your regular mortgage payment amount remains the same. This impacts the amount of principal and interest you pay off each month.

Learn more about variable rate mortgages.

Options for CIBC variable rate mortgages

Low, variable rate

CIBC Variable Flex Mortgage®

Terms
3 or 5 year closed

View current rates

Get pre-qualified

Learn more

Unlimited prepayment options

CIBC Variable-Rate Open Mortgage

Terms
5 year open

View current rates

Get pre-qualified

Learn more

Compare mortgages

Learn more about CIBC mortgage resources

Mortgage affordability calculator

Get an estimate on a price range that fits your budget, along with mortgage details.

Learn more about our mortgage affordability calculator.

Mortgage payment calculator

Find out how changing your payment frequency and making prepayments can save you money.

Learn more about our mortgage affordability calculator.

Home equity calculator

Calculate out how much you may qualify to borrow through a mortgage or line of credit.

Learn more about our mortgage affordability calculator.

Review all rates

Insurance for CIBC Mortgages

Information on Mortgage Default Insurance (PDF, 55 KB) Opens in a new window.

Creditor Insurance for CIBC Mortgages

Your variable rate mortgage questions answered

Learn more about these mortgages to decide if this is the right option for you.

What is the difference between a variable rate mortgage and a fixed rate mortgage at CIBC?

What are some advantages of a variable rate mortgage with CIBC?

How do I apply for a CIBC variable rate mortgage?

Questions?

Get started

Request a call