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CIBC Mortgage Rates

Below you'll find the best mortgage rates from CIBC. Be sure to compare rates between lenders to get the best product for you.

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CIBC Mortgage Rates

Rates updated:

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Provider5 Year fixed5 Year variable3 Year fixed

Prime -1.15%





Prime -0.35%







Prime -0.28%






Prime -0.05%





Prime -0.50%






Prime -0.30%



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CIBC: Frequently asked questions

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How do I get a mortgage with CIBC?

Can you negotiate a mortgage rate?

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CIBC mortgage rates overview

Jamie David

The Canadian Imperial Bank of Commerce (CIBC) is the smallest of Canada's Big 5 Banks (depending on which metric you use). Like all of the big banks, mortgage lending makes up a large part of CIBC's retail banking operation. While CIBC mortgage rates are certainly competitive with other lenders on the market, it's important to understand the range of mortgage products that CIBC offers in order to understand whether it's the right lender for you.

This page outlines the various mortgage products CIBC has to offer. Once you've had a look through, click here to receive personalized quotes from multiple lenders for free. It's only by comparing what multiple lenders will offer you that you'll really be able to understand what kind of mortgages are available to you.

CIBC mortgage products

CIBC offers standard fixed and variable-rate mortgages with open and closed terms, as well as a range of specialty mortgage products. These specialty products consist of:

  • Better than Posted Mortgage
  • Convertible Mortgage
  • AeroMortgage
  • Home Power Mortgage
  • Self-Employed Recognition Mortgage
  • New Resident and Non-Resident Home Ownership Programs

Each of these CIBC mortgage products is explained in more detail below.

  • Better than Posted Mortgage: This is a fixed-rate mortgage that gives you guaranteed rate reductions on posted rates, without having to negotiate, on 3, 4, 5, 7, or 10-year closed mortgages.
  • Convertible Mortgage: A short-term, closed mortgage with a fixed interest rate and the flexibility of converting to a long-term, closed mortgage at any time.
  • AeroMortgage: This mortgage allows you to turn your mortgage payments into travel and lifestyle rewards.
  • Home Power Mortgage: This product enables additional borrowing using the equity in your current home.
  • Self-Employed Recognition Mortgage: This involves a simplified approval process for entrepreneurs or self-employed people.
  • New Resident and Non-Resident Home Ownership Programs: These are simplified mortgage approval processes for newcomers to Canada, or for those looking to invest in Canada.

CIBC mortgage pre-payment options

On standard fixed-rate closed mortgage products, CIBC allows customers to pre-pay up to 10% of the original principal mortgage amount annually. You can also increase your mortgage payments (principal and interest) up to 100% on the original payment amount at any point during your term.

CIBC cashback mortgage

Further, when you select a CIBC mortgage rate of a 5-year fixed closed term, you will have the option to receive cashback from CIBC to put towards a Regular Investment Plan of your choice, including an RRSP, RESP, TFSA, or Non-Registered investment plan. CIBC also offers a More-for-your-home Mortgage Bundle solution for qualifying mortgages - this lets you open a new (or use an existing) personal CIBC chequing account valued at up to $3,000. The bundle includes up to a $500 cash rebate on your choice of a Home Inspection or Energy Audit by AmeriSpec, plus access to valuable savings on national home-related products and services from AmeriSpec Canada, 500 Aeroplan Miles, and a CMHC Housing Guide and Energy Savings Guide.

Accessing CIBC mortgage rates

CIBC mortgage rates are updated every few minutes on the tables above. You can apply for one of these rates in two ways: You can approach CIBC directly, or you can connect with an authorized CIBC mortgage broker. Working with a broker has the added benefit of getting personalized, expert advice at no cost to you, as well as getting access to a wider range of mortgage products from multiple lenders.

CIBC mortgage application checklist

In addition to figures on your annual income, employment information, existing assets and liabilities and financial history, here is a list of other inputs you will need to fill out your mortgage application and obtain your CIBC mortgage rate:

  • Mortgage amount
  • The purpose of the mortgage (e.g. purchase, refinance, transfer)
  • Purchase price
  • Down payment
  • Property type
  • Dwelling style
  • Builder (if applicable)
  • Property address
  • Annual property taxes
  • Annual condo fees (if applicable)

Compare other CIBC products

CIBC offers various CIBC credit cards, including rewards cards and low-interest cards, as well as CIBC GICs, available in a variety of terms.

More on the Canadian Imperial Bank of Commerce

The Canadian Imperial Bank of Commerce is a leading Canadian-based global financial institution. Through two major operating groups - CIBC Retail Markets and Wholesale Banking - CIBC provides a full range of financial products and services to almost 11 million individual, small business, commercial, corporate, and institutional clients in Canada and around the world. CIBC has over 41,000 employees and 1,069 branches across Canada with more than 3,800 automated banking machines (ABMs).

Jamie David, Director of Marketing and Head of Mortgages

Jamie has 15+ years of business and marketing experience. She contributes her mortgage expertise to The Globe and Mail and authors Ratehub’s mortgage and homebuying guides. read full bio


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