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  4. Variable Rate Mortgages

Variable rate mortgages

Stay flexible and pay down your mortgage faster with the possible savings from a floating rate.

Variable mortgage rates at a glance

Take advantage of set payments for the length of the term but with a potentially fluctuating interest rate. As mortgage rates decrease, more of your payment goes to paying down principal. As interest rates rise, more of your payment goes to paying interest. Your payment remains unchanged as long as the scheduled payment amount is sufficient to cover your interest costs.  We will advise you when interest costs exceed your scheduled payment.

Residential mortgages1



5 year variable


1The APR is based on the posted rates.

Effective date: 06-December-21
CWB Prime Rate: 2.45%

Compare mortgage rates

All mortgages are subject to meeting CWB's standard credit criteria for residential mortgages. Some conditions apply.