Updates
Effective April 20, 2026:
- There will be two sets of Standard Mortgage Terms (5453) – Version A and Version B
Refer to the cover page of your Mortgage Approval for direction on which version to use.
We’ll need you to amend the registration if the incorrect version is used.
Mortgage Assumptions and Title Transfer
Our prior written consent is required before any mortgage may be assumed. If title is transferred without our prior written consent, the full amount outstanding on the mortgage may come due immediately. The purchaser(s) or transferee(s) may apply for approval to assume a mortgage at any CIBC branch. All applicants must attend in person to complete the application process.
