Important information for personal banking customers.Details

Variable Rate Mortgage


With a President's Choice Financial® variable rate mortgage¹ your interest changes with the changing CIBC prime rate. As interest rates go up and down so does the amount of interest you pay.

  • Competitive open dialog rate
  • Option to convert at any time to a
    3 year fixed term or longer without a prepayment charge (owner-occupied properties only)
  • Dedicated Mortgage Specialist to help you from the moment you find out how much you can afford, to the day you move in
  • Easy pre-approval by go tophone, go toonline, or at a PC Financial go topavilion
  • Amortization options - up to a maximum of 30 years2
  • Flexibleopen dialog prepayment options to let you pay off your mortgage even faster
  • Convenient weekly, bi-weekly, monthly, and semi-monthly payment frequencies available. You can also accelerate your weekly or bi-weekly payments which can save you thousands of dollars in interest over the life of your mortgage
  • Take a break from your mortgage with our "Rainy Day" skip-a-payment option and skip one scheduled mortgage payment every year3
Interest RatesOpen Interest Rates DialogClose Interest Rates Dialog

Take a look at today's rates:

Term Variable Rate (%)
5 year %
go toSee more rates.
Prepayment OptionsOpen Prepayment Options DialogClosePrepayment Options Dialog

Pay off your mortgage faster by taking advantage of the flexible prepayment options available on most PC Financial mortgages. Find out how much you could save with our go topayment calculator

  • Make lump sum payments of up to 20% of your original principal each year
  • Increase payment amount to any amount provided that the amortization is not reduced to less than 5 years
go toLearn more
Creditor Life Insurance for President's Choice Financial MortgagesOpen Creditor Life Insurance DialogClose Creditor Life Insurance Dialog

Creditor Life Insurance for President's Choice Financial Mortgages4 helps provide you comfort in knowing your family home will be protected in the event you pass away. Simply put, Creditor Life Insurance is an affordable way to help protect one of your largest financial obligations.

LegalOpen Legal DialogClose Legal Dialog

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.

i3.21% APR (Fresh Cut No Points only)

Fresh Financial Thinking®

Today's Great Rates

5 year variable:
2 year fixed:
3 year fixed:
4 year fixed:
Special** 4 year fixed: 3.19%i
5 year fixed:
7 year fixed:
10 year fixed:
go toSee more rates

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Tools & Calculators

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