CIBC · Big-6 BankCIBC mortgage rates — and how to beat the posted rate.
CIBC’s broker rate is typically 15-30 bps below the rate you’d see walking into a branch. We compare it against 100+ lenders so you get the best fit, not one bank’s sheet.
What are CIBC’s mortgage rates?
CIBC isn’t posting every term on our board. Where it isn’t, the card shows the best in our network.
- Lender type
- Big-6 Bank
- Headquarters
- Toronto, ON
- Established
- 1867
- Products
- 4+ types
CIBC rates by term
How does CIBC’s broker pricing work?
CIBC has two rate sheets: a posted rate for branch customers and a lower broker rate, usually 15-30 bps lower. Only a licensed brokerage can get the broker rate. On a $600,000 mortgage, 20 bps is about $1,200 a year.
Why CIBC's broker rate is lower, and what CIBC does well
Most Canadian lenders, CIBC included, run two rate sheets: a posted/branch rate quoted to walk-in customers, and a wholesale broker-channel rate offered through licensed mortgage brokers. The broker rate is usually 15-30 bps lower because the broker handles origination, document collection and file packaging — work the lender would otherwise pay branch staff to do.
You can’t access the broker rate by walking into a CIBC branch — only a licensed brokerage can submit to their broker desk. We do exactly that, then put the same file in front of 100+ other lenders so CIBC’s offer is benchmarked against the whole market. On a $600,000 mortgage, 20 bps is roughly $1,200 a year in interest — real money over a 5-year term.
- Rate-match retention
- Wealth Builder bundled pricing
- Standard A-lender approval
- Strong online portal
CIBC mortgage rates — FAQ
What are CIBC's mortgage rates today?
Lenders run two rate sheets — the posted/branch rate and the broker-channel rate. As an FSRA-licensed brokerage we access CIBC's broker-channel pricing, typically 15-30 bps below their posted rate. Your exact rate depends on your file (income, credit, LTV, property).
What's the difference between CIBC's posted rate and the broker rate?
The posted (or "special offer") rate is what you see advertised or quoted in a branch. The broker-channel rate is the wholesale pricing CIBC offers through licensed brokers — usually 15-30 bps lower because the broker does the origination work. You can only access it through a broker; we submit your file directly to CIBC's broker desk.
Is CIBC a good mortgage lender?
Strong on rate-match retention and competitive renewal pricing. The CIBC Wealth Builder program targets affluent borrowers with bundled mortgage + investment + line-of-credit pricing.
Can I get a lower rate than CIBC's rate?
Sometimes. CIBC is strong for certain files, but another of our 100+ lenders may price your specific situation better. We compare CIBC against the whole network on one application — you get CIBC's best and the market's best, then choose.
Can I switch to CIBC at renewal?
Yes — switching to CIBC at maturity is usually penalty-free, and a straight transfer (same balance, same amortization) skips the stress test. We handle the paperwork and confirm CIBC's renewal/switch pricing against the rest of the market so you don't auto-renew at a higher rate.
Does CIBC offer rate holds?
Yes — like all major Canadian lenders, CIBC offers rate holds (typically 90-120 days) for pre-approved borrowers. We can submit your file to CIBC for a real underwritten pre-approval.
How do I apply for a CIBC mortgage?
Through a licensed broker you reach CIBC's broker channel directly. Start a no-obligation application with Mortgage Squad Advisors (FSRA #13737) and we'll submit to CIBC — and compare it against the rest of the network — with no bureau pull to begin.
Get CIBC’s best rate — and 100+ others.
One application, no credit pull to begin. We submit to CIBC and shop the whole network for your file.
Bring us a written offer from a big bank. We’ll try to beat it. If we can’t, we pay you $500. Conditions apply. See the conditions