CIBC Mortgage Rates

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Alberta Rates
PURCHASE
Fixed Rates
1 Year
3.39%
2 Year
3.39%
3 Year
3.94%
4 Year
4.49%
5 Year
2.99%
7 Year
3.29%
10 Year
6.64%
Variable Rates
3 Year
3.95%
5 Year
3.95%
REFINANCE
Fixed Rates
1 Year
3.54%
2 Year
3.64%
3 Year
3.94%
4 Year
4.49%
5 Year
5.34%
7 Year
6.45%
10 Year
6.64%
Variable Rates
3 Year
3.95%
5 Year
3.95%
RENEWAL
Fixed Rates
1 Year
3.54%
2 Year
3.64%
3 Year
3.94%
4 Year
4.49%
5 Year
5.34%
7 Year
6.45%
10 Year
6.64%
Variable Rates
3 Year
3.95%
5 Year
3.95%
British Columbia Rates
PURCHASE
Fixed Rates
1 Year
3.39%
2 Year
3.39%
3 Year
3.94%
4 Year
4.49%
5 Year
2.99%
7 Year
3.29%
10 Year
6.64%
Variable Rates
3 Year
3.95%
5 Year
3.95%
REFINANCE
Fixed Rates
1 Year
3.54%
2 Year
3.64%
3 Year
3.94%
4 Year
4.49%
5 Year
5.34%
7 Year
6.45%
10 Year
6.64%
Variable Rates
3 Year
3.95%
5 Year
3.95%
RENEWAL
Fixed Rates
1 Year
3.54%
2 Year
3.64%
3 Year
3.94%
4 Year
4.49%
5 Year
5.34%
7 Year
6.45%
10 Year
6.64%
Variable Rates
3 Year
3.95%
5 Year
3.95%
New Brunswick Rates
PURCHASE
Fixed Rates
1 Year
3.39%
2 Year
3.39%
3 Year
3.94%
4 Year
4.49%
5 Year
2.99%
7 Year
3.29%
10 Year
6.64%
Variable Rates
3 Year
3.95%
5 Year
3.95%
REFINANCE
Fixed Rates
1 Year
3.54%
2 Year
3.64%
3 Year
3.94%
4 Year
4.49%
5 Year
5.34%
7 Year
6.45%
10 Year
6.64%
Variable Rates
3 Year
3.95%
5 Year
3.95%
RENEWAL
Fixed Rates
1 Year
3.54%
2 Year
3.64%
3 Year
3.94%
4 Year
4.49%
5 Year
5.34%
7 Year
6.45%
10 Year
6.64%
Variable Rates
3 Year
3.95%
5 Year
3.95%
Newfoundland and Labrador Rates
PURCHASE
Fixed Rates
1 Year
3.39%
2 Year
3.39%
3 Year
3.94%
4 Year
4.49%
5 Year
2.99%
7 Year
3.29%
10 Year
6.64%
Variable Rates
3 Year
3.95%
5 Year
3.95%
REFINANCE
Fixed Rates
1 Year
3.54%
2 Year
3.64%
3 Year
3.94%
4 Year
4.49%
5 Year
5.34%
7 Year
6.45%
10 Year
6.64%
Variable Rates
3 Year
3.95%
5 Year
3.95%
RENEWAL
Fixed Rates
1 Year
3.54%
2 Year
3.64%
3 Year
3.94%
4 Year
4.49%
5 Year
5.34%
7 Year
6.45%
10 Year
6.64%
Variable Rates
3 Year
3.95%
5 Year
3.95%
Nova Scotia Rates
PURCHASE
Fixed Rates
1 Year
3.39%
2 Year
3.39%
3 Year
3.94%
4 Year
4.49%
5 Year
2.99%
7 Year
3.29%
10 Year
6.64%
Variable Rates
3 Year
3.95%
5 Year
3.95%
REFINANCE
Fixed Rates
1 Year
3.54%
2 Year
3.64%
3 Year
3.94%
4 Year
4.49%
5 Year
5.34%
7 Year
6.45%
10 Year
6.64%
Variable Rates
3 Year
3.95%
5 Year
3.95%
RENEWAL
Fixed Rates
1 Year
3.54%
2 Year
3.64%
3 Year
3.94%
4 Year
4.49%
5 Year
5.34%
7 Year
6.45%
10 Year
6.64%
Variable Rates
3 Year
3.95%
5 Year
3.95%
Ontario Rates
PURCHASE
Fixed Rates
1 Year
3.39%
2 Year
3.39%
3 Year
3.94%
4 Year
4.49%
5 Year
2.99%
7 Year
3.29%
10 Year
6.64%
Variable Rates
3 Year
3.95%
5 Year
3.95%
REFINANCE
Fixed Rates
1 Year
3.54%
2 Year
3.64%
3 Year
3.94%
4 Year
4.49%
5 Year
5.34%
7 Year
6.45%
10 Year
6.64%
Variable Rates
3 Year
3.95%
5 Year
3.95%
RENEWAL
Fixed Rates
1 Year
3.54%
2 Year
3.64%
3 Year
3.94%
4 Year
4.49%
5 Year
5.34%
7 Year
6.45%
10 Year
6.64%
Variable Rates
3 Year
3.95%
5 Year
3.95%
Prince Edward Island Rates
PURCHASE
Fixed Rates
1 Year
3.39%
2 Year
3.39%
3 Year
3.94%
4 Year
4.49%
5 Year
2.99%
7 Year
3.29%
10 Year
6.64%
Variable Rates
3 Year
3.95%
5 Year
3.95%
REFINANCE
Fixed Rates
1 Year
3.54%
2 Year
3.64%
3 Year
3.94%
4 Year
4.49%
5 Year
5.34%
7 Year
6.45%
10 Year
6.64%
Variable Rates
3 Year
3.95%
5 Year
3.95%
RENEWAL
Fixed Rates
1 Year
3.54%
2 Year
3.64%
3 Year
3.94%
4 Year
4.49%
5 Year
5.34%
7 Year
6.45%
10 Year
6.64%
Variable Rates
3 Year
3.95%
5 Year
3.95%
Saskatchewan Rates
PURCHASE
Fixed Rates
1 Year
3.39%
2 Year
3.39%
3 Year
3.94%
4 Year
4.49%
5 Year
2.99%
7 Year
3.29%
10 Year
6.64%
Variable Rates
3 Year
3.95%
5 Year
3.95%
REFINANCE
Fixed Rates
1 Year
3.54%
2 Year
3.64%
3 Year
3.94%
4 Year
4.49%
5 Year
5.34%
7 Year
6.45%
10 Year
6.64%
Variable Rates
3 Year
3.95%
5 Year
3.95%
RENEWAL
Fixed Rates
1 Year
3.54%
2 Year
3.64%
3 Year
3.94%
4 Year
4.49%
5 Year
5.34%
7 Year
6.45%
10 Year
6.64%
Variable Rates
3 Year
3.95%
5 Year
3.95%

About CIBC Rates

CIBC (The Canadian Imperial Bank of Commerce) is a major banking/financial institution that is in the top five largest in Canada. CIBC mortgage rates and mortgage products have been 'redesigned' to match today's expectations of home buyers and mortgagees that are thinking about making changes to their existing mortgage (refinancing, switching to another lender, renewing or utilizing grown home equity) or for those home buyers looking for their first, new mortgage. Whether you are a 'first-timer' in the mortgage market or an 'old hand' and you are seeking some mortgage advice & financial guidance for your next home or a second home, CIBC can offer unparalleled options that result in meeting financial goals. The mortgage market can exude a sense of complicated 'mumbo-jumbo' to many people, and this is just one reason why it is advisable to have an expert in the mortgage-related market assisting you on your home buying journey. For people who are trying to self-educate about mortgage types, mortgage rates, what it takes to qualify with different lenders... this preliminary work is good if you can make heads or tails out it all. Mortgage rates vary between lenders because lenders source their money (to loan out to you) from various sources. Mortgage products vary because everyone has a unique financial standing and each product performs differently.
CIBC mortgage rates are competitive with some 'deals' for first time home buyers, mortgagees and past mortgage holders. Mortgage product types are basically geared to be open or closed, fixed or variable, adjustable or conventional. Then there are mortgage types that are geared for people that have held or currently have a mortgage such as a convertible mortgage, reverse mortgage, a portable mortgage, a home equity line of credit or a collateral mortgage, just to name a few. Qualifying for any mortgage product is easier with some lenders then other lenders (depending on their criteria for mortgage approval). A big part of being accepted for a mortgage has to do with the level of risk that you pose via the down payment available (any down payment that is less then 20% is forcing the lender to shoulder and provide a higher ratio amount for the loan). When a borrower cannot provide at least a 20% down payment relative to the value of the home, then that borrower will be offered a high-ratio mortgage. A high-ratio mortgage borrower must, by law, obtain mortgage default insurance/mortgage insurance, which negates the need for the large down payment (some people opt to take out the mortgage insurance willingly and keep possession of any down payment they have saved up for closing expenses or renovations/repairs to the home).

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1.877.896.6727