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President's Choice Financial services are provided by the direct banking division of CIBC.
President's Choice Financial MasterCard is provided by President's Choice Bank.
The PC points loyalty program is provided by President's Choice Services Inc.
the unbeatable eatable mortgage™
a simple and flexible way to afford your dream house
variable rate mortgages:
| term | rate (%)1 |
| 5 years | 2.25 |
fixed rate mortgages:
| term | fixed rate (%) | ||
| basic2 | fresh cut3 | PC points plus |
|
| 2 year | 3.25 | 3.35 | 3.50 |
| 3 year | 3.60 | 3.70 | 3.85 |
| 4 year | 3.79 | 3.89 | 4.04 |
| 5 year* | 3.84 | 3.94 | 4.09 |
| 6 year | 4.40 | 4.50 | 4.65 |
| 7 year* | 4.95 | 5.05 | 5.20 |
| 8 year | 5.03 | 5.13 | 5.28 |
| 9 year | 5.12 | 5.22 | 5.37 |
| 10 year* | 5.20 | 5.30 | 5.45 |
*Now, rate reductions available on 5, 7 & 10-year fixed rate mortgages depending on the size of your mortgage4.
| Mortgage Size | 5 Year | 7 & 10 Year |
| $500,000 and higher | Our posted 5 yr. fixed rates less 0.10% | Our posted 7 & 10 yr. fixed rates less 0.15% |
| $350,000 - $499,999.99 | Our posted 5 yr. fixed rates less 0.07% | Our posted 7 & 10 yr. fixed rates less 0.10% |
| $200,000 - $349,999.99 | Our posted 5 yr. fixed rates less 0.05% | Our posted 7 & 10 yr. fixed rates less 0.05% |
For example, with a 5-year term, fresh cut fixed rate mortgage of $350,000, your reduced rate would be our posted rate of 3.94% less 0.07%
5% cash back mortgage:5
| term | fixed rate (%) |
| 5 year | 5.59 |
| 7 year | 6.25 |
| 10 year | 6.55 |
convertible mortgage:
| term | fixed rate (%) |
| 6 Months | 6.04 |
| 12 Months | 2.90 |
Minimum amount for a President's Choice Financial mortgage is $35,000.00. Mortgages are subject to credit approval. Some conditions and restrictions apply.
1 Rates are based on a new variable rate mortgage with a 5-year term and 25-year amortization and CIBC prime rate (prime). Prime may vary. The interest rate is variable and is based on prime and fluctuates as prime changes.
2 Pre-payment and payment increase options, PC® points, anniversary PC points and early payouts are not available with the basic fixed rate mortgage.
3 Anniversary PC points are not available on fresh cut mortgages.
4Reduction 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.
5Cash back offer cannot be combined with any other offer. Other conditions and restrictions apply. Ask for details. If the mortgage is discharged, refinanced, ported, assumed, transferred or renewed before the maturity date for any reason, you must repay the cash back amount. The cash back mortgage does not earn PC points.
Find out more about the the unbeatable, eatable mortgage
Use our handy mortgage calculator to compare mortgage options and determine what's best for you, or try the easy what can I afford? tool to calculate how much you can afford to spend on a home.
Rates subject to change.
®™ PC, President’s Choice, President’s Choice Financial, unbeatable, eatable mortgage and Fresh Financial Thinking are trademarks or registered trademarks of Loblaws Inc. CIBC licensee of marks.
† President's Choice Financial services are provided by the direct banking division of CIBC.
President's Choice Financial MasterCard is provided by President's Choice Bank.