CWB Canadian Western Bank

Variable rate mortgages

Choose flexibility and potential savings.

Choosing a variable rate mortgage means:

  • Your mortgage has set payments for the length of the term but the interest rate can fluctuate.
  • As interest rates rise, more of your payment goes to paying interest. As rates decrease, more of your payment goes to paying down principal.

If you have a flexible budget, you can take advantage of lower interest rates.

  • A 5-year flexible term
  • Annual option to prepay up to 20% of the original mortgage amount
  • Option to convert to a fixed rate mortgage anytime
 6 month convertible  3.700%
 5 year variable1  2.50%
1 Interest rate compounded monthly, not in advance. Interest rates are linked to CWB Prime.

Effective date: 24-April-17

Posted rates available at branches only. All rates are per annum and are subject to change without notice.

Get started now

Stop by your local branch or call today to get started. One of our personal banking specialists will be pleased to help you.

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