Variable rate mortgages

Take advantage of lower interest rates 

Stay flexible and pay down your mortgage faster with the possible savings from a floating rate. Take advantage of set payments for the length of the term but with a potentially fluctuating interest rate. As interest rates rise, more of your payment goes to paying interest. As rates decrease, more of your payment goes to paying down principal. 

Mortgage rates

6 month convertible 3.940%
5 year variable 2.200%

Effective date: 01-October-20
1Posted rates available at branches only. All rates are per annum and are subject to change without notice. The Annual Percentage Rate (APR) is the same as the Interest Rate. The Interest Rates are linked to CWB Prime, and calculated monthly, not in advance. Applies to residential real estate only, subject to meeting CWB credit granting criteria.