Fixed rate mortgages

Fixed rate mortgages

Enjoy the security and peace of mind of a locked-in interest rate that won’t change over the length of the term. Your payments are set and won’t change which is ideal if you have a set budget and want to understand exactly how much your payments will be.

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Mortgage rates

Effective Date: 18-January-21

Residential mortgages1
Posted Special offer
1 year closed 2.740%  2.090%2
2 year closed  2.790% 1.990%2 
3 year closed 3.190% 1.890%2 
4 year closed  3.590% 1.890%
5 year closed  4.090%  1.870%2

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

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 Interest rate may be changed, extended or withdrawn at any time without notice.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.
2This 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