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Fixed rate mortgages

Make your mortgage as comfortable as your home

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.

Mortgage rates

Effective Date: 12-April-21

Residential mortgages1
Term
Posted Special offer
1 year closed 2.690%  2.090%2
2 year closed  2.790% 2.040%2 
3 year closed 3.190% 1.940%2 
4 year closed  3.590% 2.140%
5 year closed  4.090%  2.140%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 Interest rate may be changed, extended or withdrawn at any time without notice.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 one of the following criteria: 1. the applicant must be an individual who is a CWB Prestige™ client with a combined balance in excess of $250,000 Canadian Dollars (CDN) on deposit in their personal account(s) with Canadian Western Bank Financial Group. as of the date they open the CWB Prestige Account., 2. the applicant must be an individual who is a CWB Prestige™ client with in excess of $500,000 CDN in combined (a) total deposits in their personal accounts with CWBFG and (b) total personal loans with CWB. as of the date they open the CWB Prestige™ account.; 3. the deposits of the individual must be held in a sole or joint account, and only deposits in their name will be considered. 4. the applicant must be an executive officer of a corporation, partnership, trust or other non-personal business entity which is a CWB Prestige™ Business client (e.g., CEO, COO, etc.) which has in excess of $1,000,000 CDN in combined (a) total deposits in their personal accounts with CWBFG and (b) total personal loans with CWB. as of the date they open the CWB Prestige Account; 5. the applicant must be an individual who is a CWB Wealth Management client as of the date they open the CWB Prestige™ Account; or the applicant must be an individual (a) employed in one of the following professional occupations Dentist, Optometrist, Family Physician, Veterinarian, Lawyer, Notary, Accountant, Engineer, or Architect and (b) be employed with or a principal of an organization which has an active CWB business account. The mortgage renewal fees will be waived for applicants who meet the following criteria: 1.the applicant must be an individual who is a CWB Prestige™ client with a combined balance in excess of $250,000 Canadian Dollars (CDN) on deposit in their personal account(s) with Canadian Western Bank Financial Group as of the date they open the CWB Prestige Account, 2. the applicant must be an individual who is a CWB Prestige™ client with in excess of $500,000 CDN in combined (a) total deposits in their personal accounts with CWB and (b) total personal loans with CWBFG as of the date they open the CWB Prestige Account; 3. the applicant must be an executive officer of a corporation, partnership, trust or other non-personal business entity which is a CWB Prestige™ Business client (e.g., CEO, COO, etc.) which has in excess of $1,000,000 CDN in combined (a) total deposits in their personal accounts with CWBFG and (b) total personal loans with CWB as of the date they open the CWB Prestige™ Account; 5.the applicant must be an individual who is a CWB Wealth Management client as of the date they open the CWB Prestige™ Account; or the applicant must be an individual (a) employed in one of the following professional occupations: Dentist, Optometrist, Family Physician, Veterinarian, Lawyer, Notary, Accountant, or Architect and (b) be employed with or a principal of an organization which has an active CWB business account.