† Offer available for mortgage loans for first-time home buyers. Mortgage loans must be funded within 120 days of application date.
Mortgage loan must have a principal amount of $100,000 or more, and be either a CIBC Fixed-Rate Closed Mortgage loan with a term of 3 years or more, or a 5-year CIBC Variable Flex Mortgage loan. A personal CIBC chequing account is required to make pre-authorized mortgage payments. Qualifying clients will receive:
- $3,000 on a mortgage loan amount of $750,000 or more;
- $2,000 on a mortgage loan of $500,000 to $749,999;
- $1,200 on a mortgage loan of $300,000 to $499,999;
- $1,000 on a mortgage loan of $100,000 to $299,999.
Cash back will be deposited in the personal CIBC chequing account 6 to 8 weeks after funding.
Cash back offer not available in combination with other mortgage offers. Other conditions and restrictions apply. Ask us for details. Offer ends April 30, 2023. Offer subject to credit approval and may be changed or withdrawn at any time, without notice.
If you have an eligible high ratio mortgage, you may also qualify for a special low rate. Talk to us to find out how.
If your down payment is less than 20% of the property value, your mortgage is high-ratio.
‡,◇ 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 $300. 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 Offer may be changed, withdrawn or extended at any time, without notice.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.
1 Creditor Insurance for CIBC Mortgages is optional creditor’s group insurance underwritten by The Canada Life Assurance Company and administered by Canada Life and CIBC. For more information on Creditor Insurance on CIBC Mortgages, you may contact the The Canada Life Assurance Company at 1-800-387-4495 Opens your phone app. or by visiting Canada Life Opens in a new window.. This insurance is subject to eligibility conditions, limitations and exclusions (which are circumstances when benefits are limited or not paid) which may be viewed at cibc.com Opens in a new window. and are described in the Certificate(s) of Insurance you receive upon enrolment. This is a general description only. Products and their features may change at any time.
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