Mortgage rates across Canada¹

Limited time offer

Bring home up to $4,500 cash back when you switch your mortgage to CIBC.^†

Learn more about the mortgage offer.

Find the mortgage type and term that’s right for you

Special offers

3-YEAR FIXED

Amortizations 25 years or less

RDS%rate[5].FRCM.Published(3_null_null_Years_T,null,18,null)(#O2#)%²

(RDS%rate[5].FRCM.Published(3_null_null_Years_T,null,2,null)(#O2#)%³ APR)

Available for new mortgages only.

3-Year Variable

Amortizations 25 years or less

RDS%rate[5].5YRVARCLO.Published(3_null_null_Years_T,null,18,null)(#O2#)%²

(RDS%rate[5].5YRVARCLO.Published(3_null_null_Years_T,null,2,null)(#O2#)%³ APR)

Available for new mortgages only.

5-YEAR FIXED

Amortizations 25 years or less

RDS%rate[5].FRCM.Published(5_null_null_Years_T,null,18,null)(#O2#)%²

(RDS%rate[5].FRCM.Published(5_null_null_Years_T,null,2,null)(#O2#)%³ APR)

Available for new mortgages only.

5-year fixed high-ratio⁴

RDS%rate[5].MICRO.Published(5_null_null_Years_T,null,18,null)(#O2#)%²

(RDS%rate[5].MICRO.Published(5_null_null_Years_T,null,2,null)(#O2#)%³ APR)

Available for new mortgages only.

The current CIBC Prime rate is RDS%rate[1].PRIME.Published(null,null,null,null)(#O2#)% as of RDS%SYSTEM_DATE(#M# #d#, #Y#)%

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We'll help you find a mortgage rate and term to match your goals.

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Where are you in your home ownership journey?

First-time home buyer

Buying your first home is an exciting decision. Check out our home-buying guide for tips on getting started and what to consider during your search.

Buying a home: A guide to help you get started (PDF, 3.7 MB) Opens in a new window.

Newcomer to Canada

If you're new to Canada, we offer programs that may help you qualify for a mortgage – even if you don't have any Canadian credit history.

Ask us about our mortgage offerings designed for newcomers like you:

CIBC Newcomer to Canada Program Mortgage⁵
CIBC Newcomer to Canada Plus Program Mortgage⁶
CIBC Foreign Worker Program Mortgage⁷

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Homeowner

Interested in learning about your payment and refinancing options, mortgage protection and more? We've got you covered.

Manage my mortgage

Not yet a CIBC Mortgage client?

We make switching your mortgage easy with expert advice, flexible payments and locked-in rates.

Learn about switching to CIBC

Mortgage renewal

When it's time to renew your mortgage, we'll examine your goals and help you select an option that suits your needs.

Learn more about mortgage renewal

Not yet a CIBC Mortgage client?

We make switching your mortgage easy with expert advice, flexible payments and locked-in rates.

Learn about switching to CIBC

Discover our mortgage resources and tools

Frequently asked mortgage questions

Explore all of our mortgage rates

CIBC Fixed-Rate Closed Mortgage

A fixed-rate mortgage means your interest rate and monthly payments stay the same for the entire mortgage term, no matter how interest rates change. Learn more about CIBC Fixed-Rate Closed Mortgages.

Amortizations 25 years or less

Term	Posted Rate	Special Offer	APR
1 year	RDS%rate[5].FRCM.Published(1_null_null_Year_T,null,1,null)(#O2#)%	RDS%rate[5].FRCM.Published(1_null_null_Year_T,null,18,null)(#O2#)%²	RDS%rate[5].FRCM.Published(1_null_null_Year_T,null,2,null)(#O2#)%³
2 years	RDS%rate[5].FRCM.Published(2_null_null_Years_T,null,1,null)(#O2#)%	RDS%rate[5].FRCM.Published(2_null_null_Years_T,null,18,null)(#O2#)%²	RDS%rate[5].FRCM.Published(2_null_null_Years_T,null,2,null)(#O2#)%³
3 years	RDS%rate[5].FRCM.Published(3_null_null_Years_T,null,1,null)(#O2#)%	RDS%rate[5].FRCM.Published(3_null_null_Years_T,null,18,null)(#O2#)%²	RDS%rate[5].FRCM.Published(3_null_null_Years_T,null,2,null)(#O2#)%³
4 years	RDS%rate[5].FRCM.Published(4_null_null_Years_T,null,1,null)(#O2#)%	RDS%rate[5].FRCM.Published(4_null_null_Years_T,null,18,null)(#O2#)%²	RDS%rate[5].FRCM.Published(4_null_null_Years_T,null,2,null)(#O2#)%³
5 years	RDS%rate[5].FRCM.Published(5_null_null_Years_T,null,1,null)(#O2#)%	RDS%rate[5].FRCM.Published(5_null_null_Years_T,null,18,null)(#O2#)%²	RDS%rate[5].FRCM.Published(5_null_null_Years_T,null,2,null)(#O2#)%³
7 years	RDS%rate[5].FRCM.Published(7_null_null_Years_T,null,1,null)(#O2#)%	RDS%rate[5].FRCM.Published(7_null_null_Years_T,null,18,null)(#O2#)%²	RDS%rate[5].FRCM.Published(7_null_null_Years_T,null,2,null)(#O2#)%³
10 years	RDS%rate[5].FRCM.Published(10_null_null_Years_T,null,1,null)(#O2#)%	N/A	N/A

CIBC Fixed-Rate Open Mortgage

CIBC High-Ratio Mortgage

CIBC Convertible Mortgage

CIBC Variable Flex Mortgage^®

CIBC Variable Rate Open Mortgage

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Book a meeting with us online or at your preferred branch, or schedule a phone call with an advisor.

Read more about mortgages

From choosing a rate to refinancing, learn more about your mortgage options.

Mortgage Rates in Ontario

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Fixed Rate vs. Variable Rate Mortgages

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Mortgage Refinancing

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^† Offer available for mortgage loans that are transferred to CIBC from another financial institution. 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. This offer is limited to owner-occupied residential properties only. Commercial/investment properties, and properties not owner-occupied are excluded. A personal CIBC chequing account is required to make pre-authorized mortgage payments. Qualifying clients will receive:

$4,500 on a mortgage loan amount of $1,000,000 or more;
$3,500 on a mortgage loan of $750,000 to $999,999;
$2,000 on a mortgage loan of $500,000 to $749,999;
$1,500 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 February 3, 2025. 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.

^‡ For mortgage loans that are transferred to CIBC from another financial institution, qualifying clients will receive the below cash back, which includes an extra $1,000:

$4,500 on a mortgage loan amount of $1,000,000 or more;
$3,500 on a mortgage loan of $750,000 to $999,999;
$3,000 on a mortgage loan of $500,000 to $749,999;
$2,000 on a mortgage loan of $300,000 to $499,999;
$1,500 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 October 31, 2024. Offer subject to credit approval and may be changed or withdrawn at any time, without notice.

¹ Rates are subject to change without notice at any time. Other conditions and restrictions apply.

All applicants must meet the CIBC lending criteria. Other conditions and restrictions apply. Products and their features may change at any time. Variable interest rates may change at any time. This is a general description only. For more information and product terms and conditions, consult product brochures or call 1-866-525-8622 Opens your phone app..

² Special offers apply to new mortgages only. Rates shown for the applicable term are CIBC’s special discounted rates and aren’t posted rates of CIBC. Offer may be changed, withdrawn or extended at any time, without notice.

³ The 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.

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.

⁴ Default-insured mortgage.

⁵ Limited to newcomers to Canada who have been permanent residents of Canada for less than 5 years. Minimum down payment and credit approval required, including acceptable income verification. Other conditions apply.

⁶ Minimum down payment and credit approval required, including acceptable income verification. Other conditions apply.

⁷ CIBC Foreign Worker Mortgage is limited to temporary residents with a valid Canadian work permit of 12 months or greater.

⁸ Non-cumulative and doesn’t apply if you prepay in full.

⁹ CIBC Prime is the variable rate of interest per year declared from time to time to be the prime rate for Canadian dollar loans made by CIBC in Canada. The interest rate on CIBC variable rate mortgages changes whenever CIBC Prime changes.

Trademarks

Mortgage rates across Canada¹

Find the mortgage type and term that’s right for you

3-YEAR FIXED

3-Year Variable

5-YEAR FIXED

5-year fixed high-ratio⁴

Get personalized mortgage advice

Where are you in your home ownership journey?

First-time home buyer

Newcomer to Canada

Homeowner

Not yet a CIBC Mortgage client?

Mortgage renewal

Not yet a CIBC Mortgage client?

Discover our mortgage resources and tools

Mortgage calculators

Mortgage glossary

Frequently asked mortgage questions

Explore all of our mortgage rates

Ready to talk about mortgages?

Read more about mortgages

Mortgage rates across Canada1

Find the mortgage type and term that’s right for you

3-YEAR FIXED

3-Year Variable

5-YEAR FIXED

5-year fixed high-ratio4

Get personalized mortgage advice

Where are you in your home ownership journey?

First-time home buyer

Newcomer to Canada

Homeowner

Not yet a CIBC Mortgage client?

Mortgage renewal

Not yet a CIBC Mortgage client?

Discover our mortgage resources and tools

Mortgage calculators

Mortgage glossary

Frequently asked mortgage questions

Explore all of our mortgage rates

Ready to talk about mortgages?

Read more about mortgages

Mortgage rates across Canada¹

5-year fixed high-ratio⁴