Mortgage rates
Effective date: 12-Aug-19
Posted rates available at branches only. All rates are per annum and are subject to change without notice.
| Term |
Posted | Special offer |
| 6 month open | 6.890% | — |
| 6 month convertible | 3.940% | — |
| 1 year open | 6.290% | — |
| 1 year closed | 3.540% | 2.990%3 |
| 2 year closed | 3.690% | 2.840%3 |
| 3 year closed | 3.990% | 2.840%3 |
| 4 year closed | 4.390% | 2.850%3 |
| 5 year closed | 4.99% | 2.900%4 |
| 5 year variable2 | 3.350% | — |
1Interest rate compounded semi-annually, not in advance. Interest rate may be changed, extended or withdrawn at any time without notice. Promotional rates are discounted rates and are not the posted rates of CWB. Residential mortgages offered by CWB are subject to its standard lending qualification criteria. Assuming no additional fees are charged, the Annual Percentage Rate is the same as the Interest Rate. The Annual Percentage Rate (APR) is calculated semi-annually, not in advance and is based on a 25 year amortization. Applies to residential real estate only, subject to meeting CWB credit granting criteria.
2Interest rate compounded monthly, not in advance. Interest rates are linked to CWB Prime.
3This special rate is only available for CWB clients who meet the following criteria: 1. The borrower must have CWB's Ultimate Banking Package and $100,000 in investible assets on deposit with the CWB Financial Group; 2. The borrower must have CWB's Ultimate Banking Package and $1 million in combined business loans and deposits with CWB
4All borrowers must have a minimum credit score of 600; Gross Debt Service Ratio must be less than 39% and Total Debt Service Ratio cannot be higher than 44% based on the higher of the Bank of Canada qualifying rate or the customers' contract interest rate plus 200 bps; New CWB owner-occupied mortgages only for residential properties with one to four unit; Rental properties are not eligible and refinances are not eligible; Income confirmation criteria applies. See branch for further details.