CIBC Mortgage Rates

Updated May 24th, 2020

CIBC Bank Background

CIBC (TSE:CM) is one of the largest banks in Canada in terms of assets and market capitalization, and is recognized as one of Canada’s Big 5 banks. In 1961, the bank was formed through the largest merger of two chartered banks - The Canadian Bank of Commerce (established 1867) and the Imperial Bank of Canada (established 1875). CIBC has operations in 30+ countries around the world, including Canada, the U.S. and England. They provide a diversified portfolio of financial services to customers with retail banking, commercial banking, wealth management, capital markets and insurance products being sold globally. CIBC and their 45,000 employees serve 10 million customers around the world.

1-Year Fixed2-Year Fixed4-Year Fixed5-Year Fixed5-Year Variable
3.19%
Get This Rate
2.89%
Get This Rate
4.34%
Get This Rate
2.97%
Get This Rate
2.45%
Get This Rate
TermRate
1-Year Fixed
3.19%
Get This Rate
2-Year Fixed
2.89%
Get This Rate
4-Year Fixed
4.34%
Get This Rate
5-Year Fixed
2.97%
Get This Rate
5-Year Variable
2.45%
Get This Rate

CIBC Fixed-Rate Mortgages

CIBC Fixed Rate Mortgages reduce the risk of future interest rate fluctuations by “locking in” a specific interest rate for the term. This can create peace of mind for homeowners, which makes it a fundamentally appealing program for home buyers.If you are arranging a new mortgage for a future or current home, your fixed interest rate can be guaranteed up to 120 days before the closing date of your home. If interest rates go up during that time, you will be guaranteed the lower rate.

Term LengthCIBC RateBest Rate
1-Year Fixed
3.19%
2.58%
2-Year Fixed
2.89%
2.34%
3-Year Fixed
3.79%
2.29%
4-Year Fixed
4.34%
2.69%
5-Year Fixed
2.97%
2.23%
7-Year Fixed
3.17%
2.99%
10-Year Fixed
6.29%
3.09%

CIBC Variable-Rate Mortgages

CIBC Variable Rate Mortgages provide you with fixed payments over the term; however, the interest rate will fluctuate with any changes in the prime interest rate. If their prime rate goes down, more of your payment will go towards paying off your principal; if our prime rate goes up, more of your payment will go towards interest costs. As a result, this can be a great financial tool for those expecting rates to fall in the upcoming year. A convertible mortgage allows you to convert to another term at any time. This feature provides security and flexibility, as it enables you to convert to a longer closed term should your variable rate mortgage no longer meet your needs.

Term LengthCIBC RateBest Rate
3-Year Variable
2.45%
2.45%
5-Year Variable
2.45%
2.03%

While we try our best to provide the most accurate information, we cannot guarantee the accuracy of our content and the rates we provide. WOWA assumes no liability for the accuracy of information presented, and will not be held responsible for any damages resulting from its use. For the most up-to-date information, contact our partner brokerage at ...