President's Choice Financial|accounts and products|the unbeatable, eatable mortgage|a menu of mortgages

PC points fixed rate mortgages

get a fixed term mortgage with competitive low rates, plus PC points¹ on closing and each anniversary

Looking for a great low rate and something extra? Choose from a 2 to 10-year term and get more PC points towards free rewards. You can pick the payment frequency that meets your needs and take advantage of generous prepayment privileges and payment increase options.

how you can benefit from the PC points fixed rate mortgage:

choose from 2, 3, 4, 5, 6, 7, 8, 9 or 10-year terms at a fixed interest rate
a reduction upfront off our posted rates on 5, 7 & 10-year fixed rate mortgages of $200,000 or more.²
apply to get pre-approved online, over the telephone or at a pavilion
interest rate guaranteed for 120 days when purchasing and for 60 days when transferring or refinancing³
convenient payment options: weekly, bi-weekly, monthly, semi-monthly, accelerated weekly or accelerated bi-weekly to pay off your mortgage faster
to pay down your mortgage faster, pay up to 20% of your original principal each year
increase your payment amount up to 25% a year non-cumulative
use our "rainy day" option⁴ if you need to skip one scheduled payment each year
earn PC points when your mortgage closes and again on each anniversary
get peace of mind with mortgage life insurance⁵
enjoy a sweetener for transferring — we'll pay the legal cost, appraisal fee and up to $100 of the discharge costs associated with the mortgage you currently hold at your financial institution, provided your mortgage is greater than $35,000 at a minimum 3-year term⁶

have questions about mortgages? ask an expert today!

Our Personal Banking Representatives are ready to answer your questions — just call 1-888-236-6362 or visit an in-store pavilion.

Calculate how many PC points you can earn with the PC points plus mortgage.

more mortgages to meet your needs

already applied?

If you have already applied, you can continue with your saved mortgage application or view your status


	earn 2,500 PC points towards free groceries for every $1,000 of your total mortgage balance on your closing day, AND earn 2,000 additional PC points for every $1,000 of your outstanding mortgage balance once a year on your anniversary.

Minimum amount for a President's Choice Financial mortgage is $35,000.00. Mortgages are subject to credit approval. Some conditions and restrictions apply.

¹Minimum redemption is 20,000 PC points (worth $20 in free rewards) and in increments of 10,000 PC points thereafter. PC points may not be redeemed against the purchase of tobacco, lottery tickets, alcohol, prescription medication, milk in Quebec, or any products or services prohibited by law or as we determine from time to time. Number of PC points varies by mortgage. PC points are not earned with the variable rate, basic or 5% cash back fixed rate mortgages. In-store rewards available at participating stores where President’s Choice products are sold.
²Reduction applies to new and renewing 5, 7 & 10 year fixed rate mortgages of $200,000 or more, and is a set amount off our posted rates for 5, 7 & 10 year fixed rate mortgages. Amount of rate deduction depends on mortgage principal amount. Certain conditions and restrictions apply; ask for details. For refinances and ports, rate reduction applies to new funds only. Does not apply to cash back mortgages or assumptions.
³Rate guarantee subject to change without notice.
⁴"Rainy Day" option only available on a conventional variable rate, fresh cut, cash back or PC points plus mortgage. Interest accrues during the skip-a-payment period. Ask for details.
⁵Mortgage life insurance is underwritten by The Canada Life Assurance Company. A detailed summary of the terms, conditions, limitations, exclusions and other provisions are contained in your Certificate of Insurance, which you receive upon enrolment.
⁶Not available on mortgage increases (mortgage consolidation or equity take-out).

^®™PC, PC Financial, President’s Choice, President’s Choice Financial, unbeatable, eatable mortgage and Fresh Financial Thinking are trademarks or registered trademarks of Loblaws Inc. CIBC a licensee of the marks.