* Ongoing rate for the balance of the 4-year mortgage term is RDS%rate.BPOCM.Published(4_null_null_Years_T,null,15,null)(#O2#)% as of May 6, 2017. For current mortgage rates, please visit cibc.com/mortgagerates. APR of RDS%rate.BPOCM.Published(4_null_null_Years_T,null,2,null)(#R#)% is calculated based on an introductory rate of 1.50% for 9 months on a $275,000 mortgage, an ongoing rate of RDS%rate.BPOCM.Published(4_null_null_Years_T,null,15,null)(#O2#)% and a 25-year amortization, assuming a property valuation fee of $250. Mortgage application must be submitted by June 30, 2017; mortgage must fund within 120 days of application date. Available only on mortgages of $10,000 or more, subject to credit approval. Other conditions apply; ask for details. CIBC may change or cancel this offer at any time without notice.
** The RDS%rate.FRCM.Published(3_null_null_Years_T,null,2,null)(#O2#)% rate is as of March 8, 2017 and applies 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 Property Valuation fee of $250. Closed mortgages only. Rate shown is CIBC’s special discounted rate and is not posted rate of CIBC. Offer may be changed, withdrawn or extended at any time, without notice.