Variable-Rate Open Mortgages | Mortgages

Pay a set monthly mortgage payment. If the CIBC Prime¹ rate goes down, more of your payment goes to the principal, if the rate rises, more of your payment goes to interest.

Terms: 5-year open

Interest rate: RDS%rate[5].VROM.rate(5_null_null_Years_T,null,1,null)(#O2#)%

Get pre-approved All rates

Apply online, find a branch, or call 1-866-525-8622

This mortgage is for you if you want:

A variable rate for the term that could save you money, or could cost you a little more, at any given time
To make additional payments, as this mortgage is fully open, so you can repay up to 100% of your mortgage
The option to take advantage of current interest rates by converting to a Closed, Fixed-Rate Mortgage

Other mortgage details:

Payment frequency options of weekly, bi-weekly, semi-monthly or monthly
Minimum mortgage amount is $10,000

Mortgage Disability Insurance

In the event that you are completely unable to work due to an unexpected disability, help protect your family's home with CIBC Mortgage Disability Insurance⁺ provided by The Canada Life Assurance Company (Canada Life).

Learn moreabout Mortgage Disability Insurance

Mortgage Disability Insurance Plus (includes job loss coverage)

In the event that you are completely unable to work due to an unexpected disability or you involuntarily lose your job through no fault of your own, help protect your family's home with CIBC Mortgage Disability Insurance Plus⁺ provided by The Canada Life Assurance Company (Canada Life).

Learn moreabout Mortgage Disability Insurance Plus

Mortgage Life Insurance

In the event of death, help protect your family's home with Creditor Life Insurance for CIBC Mortgages⁺provided by The Canada Life Assurance Company (Canada Life).

Learn moreabout Mortgage Life Insurance

Tools and advice

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Call us: 1-866-525-8622

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Variable Rate Mortgages

Variable Flex Mortgage
Variable-Rate Open Mortgage

CIBC Variable-Rate Open Mortgage

This mortgage is for you if you want:

Other mortgage details:

Mortgage Disability Insurance

Mortgage Disability Insurance Plus (includes job loss coverage)

Mortgage Life Insurance

Tools and advice

Let's get started