Mortgage Offer: $2500 cash back

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Mortgages

Get a move on with up to $2,500^† cash bonus

Want to buy a new home or switch your mortgage? Move with us — it’s that simple. Offer ends May 31.

Apply now Call 1-866-674-5612

Girl stands under a Happy Birthday banner in her living room

How much money could you earn?

Get your dream home and a cash back bonus to match. Based on what you borrow, there could be a reward for you:

Amount you borrow	Your cash back
$100,000 to $299,999	$750
$300,000 to $499,999	$950
$500,000 to $749,999	$1,750
$750,000 or more	$2,250

How it works

Complete the following steps and you could get up to $2,250^†! Here's how:

Apply for an eligible Simplii™ Mortgage.

Set up and make pre-authorized mortgage payments from an existing or new chequing account.

Add

$250

to get up to the total of $2,500^† when you:

Transfer your payroll or pension direct deposits into your chequing account.

Apply and are approved for a credit card. Eat, drink and get cash back with the Simplii Financial™ Cash Back Visa* Card^◊. Already have one? Then no worries, you’re all set.

How much can I afford?

A house is a home, no matter the size. Use our calculator^‡ to help you stay on budget.

Calculate now

Rates^††

5-year Fixed Mortgage

Lock in a great rate with Simplii's 120-day guarantee^.

Special rate
3.64%** (3.66 APR)

Posted rate: 4.99%

5-year Variable Mortgage

Get a flexible rate that can help you save money on interest payments over time.

Posted rate
3.95%

The offer is only available for 5-year term mortgages. Looking for a different term? Learn moreabout Simplii mortgage rates

Got questions about rates? Give us a call at 1-866-674-5612 — we're here to help.

Why Simplii?

Dedicated specialists that can provide support

Work with our dedicated mortgage specialists who can help you every step of the way.

Great rates

Great interest rates mean you keep your money where it belongs, your wallet.

Flexible repayment options

Pay your way with flexible repayment options including weekly, bi-weekly, monthly or semi-monthly.

Did you know?

It can pay to make the switch.

Did you know when you transfer your mortgage to Simplii, we'll pay the appraisal fee? Just another perk of banking with us.

Learn more

Mortgage 101

Buying your first home? Our simple guide can help.

step 1. Get pre-approved

Tell us all about yourself including some personal and employment information and what you owe.

step 2. Apply

Apply online or give us a call at 1-866-674-5612. Don't worry, you're not on your own. We've got dedicated mortgage specialists who can help.

step 3. Make it official

Meet with your lawyer to sign mortgage papers. Your lawyer arranges the payment to the seller and property registration.

step 4. Get your keys and move in

Congratulations! We'll send you a welcome package with everything you need to know about your mortgage.

step 1. Get pre-approved

Tell us all about yourself including some personal and employment information and what you owe.

step 2. Apply

Apply online or give us a call at 1-866-674-5612. Don't worry, you're not on your own. We've got dedicated mortgage specialists who can help.

step 3. Make it official

Meet with your lawyer to sign mortgage papers. Your lawyer arranges the payment to the seller and property registration.

step 4. Get your keys and move in

Congratulations! We'll send you a welcome package with everything you need to know about your mortgage.

Ready to get started

Whether you're switching your mortgage or it’s your first place, we'll be there to help. Answer a few quick questions and one of our dedicated specialists will be in touch.

Apply now Call 1-866-674-5612

Simplii Financial is a division of CIBC, a CDIC member
CDIC Deposit Insurance Information

†The Simplii Financial^TM up to $2,500 Cash Reward offer (the “Offer”) is available to all Eligible mortgages. “Eligible” mortgages are new, low ratio, mortgages for which an application has been initiated and submitted for credit adjudication between March 1, 2019 and May 31, 2019 (the “Offer Period”) that meet all of the terms and conditions below.

The Cash Reward offer will be awarded in the following manners:

Qualifying clients will receive the following amount if all of the below conditions are met:

$2,500, if the principal amount of the mortgage is $750,000 or more;
$2,000, if the principal amount of the mortgage is between $500,000 and $749,999;
$1,200, if the principal amount of the mortgage is between $300,000 and $499,999; or
$1,000, if the principal amount of the mortgages is between $100,000 and $299,999.

Qualifying clients will receive an amount that is $250 less than the amount set out above for the applicable mortgage principal amount if all of the below conditions are met with exception of sections 2(iii) and 2(iv).

The purpose of the mortgage must be to purchase a residential property, or to refinance or switch/transfer-in your non-Simplii Financial residential mortgage to Simplii Financial.
The mortgage must be a 5-year Fixed Rate or Variable Rate mortgage◊ with a principal amount of $100,000 or more. The principal amount of the mortgage cannot be more than 80% of the property value which is determined by Simplii Financial in its sole discretion. Mortgage must be funded on or before August 31, 2019. Primary borrower or any co-borrower of mortgage must: (i) have or open a Simplii Financial No Fee^TM Chequing Account (“Chequing Account”); (ii) have the mortgage payment made as a pre-authorized payment from the Chequing Account, with at least one pre-authorized Simplii Financial mortgage payment made from the Chequing Account by October 2019; (iii) be enrolled in a payroll or pension direct deposit into the Chequing Account, with at least one payroll or pension direct deposit made into the Chequing Account by October 2019; and (iv) have or open a Simplii Financial Cash Back Visa* (“Cash Back Visa*”). The Cash Back Visa* is subject to credit approval, conditions and other restrictions may apply.
The Simplii Financial Mortgage must be funded, and the Chequing Account and The Cash Back Visa* have to be open, and all three must be in good standing as of August 31, 2019 and remain so until the cash reward is deposited in November 2019.
Cash reward will be deposited into the Chequing Account in November 2019.
The recipient of the cash reward is solely responsible for any tax consequences associated with their receipt of the cash.
Simplii Financial mortgages are subject to credit approval, conditions and other restrictions may apply; ask for details. Simplii Financial mortgages not available in Quebec. Simplii Financial reserves the right to determine, in its sole discretion, whether a borrower has initiated and submitted a mortgage application for credit adjudication during the Offer Period.
Offer and cash reward are non-transferable. Limit one cash reward per mortgage, per client.
Offer cannot be combined with other promotional offers. Offer may be revoked if you appear to be manipulating or abusing it, or are engaged in any suspicious or fraudulent activity, as determined by the provider of Simplii Financial personal banking services (the direct banking division of CIBC), in its sole discretion. Offer may be withdrawn or changed without notice, at any time, for any reason.
Other terms and conditions for Simplii Financial Mortgage, Simplii Financial No Fee Chequing Account and Simplii Financial Cash Back Visa* may apply.

^120-day rate guarantee available upon mortgage pre-approval or approval. Not available for variable rate mortgages. Subject to change without notice.

**Special offers apply only to new mortgages of owner-occupied properties with an amortization of 25 years or less. Annual Percentage Rate (APR) is based on a new $400,000 mortgage for the applicable term and a 25-year amortization assuming a Property Valuation Fee of $300. Rates shown for the applicable term are Simplii Financial’s special discounted rates and are not posted rates of Simplii Financial. Offer may be changed, withdrawn or extended at any time, without notice. Offer cannot be combined with other offers and is not available on variable rate, cashback fixed rate mortgages, existing Simplii Financial mortgages or mortgage renewals.

‡The Mortgage Prepayment Calculator results are based on the information you provided and are for illustrative and general information purposes only. This calculator is not intended to provide specific financial or other advice, and should not be relied upon in that regard. The actual prepayment charge may differ from the estimate provided. For purposes of determining the prepayment charge applicable to your mortgage, the data taken from the accounts and records of Simplii FinancialTM will constitute conclusive evidence of such data.

††Minimum principal amount for a Simplii Financial mortgage is $35,000. Mortgages are subject to credit approval. Not available in Quebec. Conditions and restrictions apply; ask for details.

“SIMPLII FINANCIAL” and the SIMPLII FINANCIAL DESIGNS are trademarks of CIBC. “Simplii Financial” is a division of CIBC. Banking services are not available in Quebec.

◊All credit products are subject to credit approval.

*Trademark of Visa Int., used under license.

Mortgages

How much money could you earn?

Amount you borrow

Your cash back

How it works

Add

$250

How much can I afford?

Rates††

5-year Fixed Mortgage

Why Simplii?

Dedicated specialists that can provide support

Great rates

Flexible repayment options

Did you know?

Mortgage 101

step 1. Get pre-approved

step 2. Apply

step 3. Make it official

step 4. Get your keys and move in

step 1. Get pre-approved

step 2. Apply

step 3. Make it official

step 4. Get your keys and move in

Ready to get started

Rates^††