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PC Financial Mortgage Rates

Rates updated:

Below you will find current PC Financial's posted 5-year fixed and variable mortgage rates. Use Ratehub.ca's comparison chart to evaluate other banks, brokerages and lenders against PC Financial and ensure you get the best mortgage rate!


PC Financial mortgage rates overview

Playing on its role in the food business, President's Choice Financial (PC) aptly named its mortgage product "the unbeatable, eatable mortgage: all the right ingredients for the mortgage that fits your life." PC Financial claims its mortgage rates are generally lower than the posted rates of most traditional banks, and offers thousands of PC rewards when your mortgage closes. However, it is important to compare this claim against the rates of other lenders and mortgage brokers to ensure you are indeed getting the best mortgage interest rate.

Available PC mortgage rates consist of standard variable and fixed rates with assorted terms, as well as a 5% 'cash back' mortgage and a convertible 6 or 12-month mortgage with the option of locking into a longer term, fixed rate mortgage at any time, without penalty. The cash back mortgage allows you to earn, precisely, cash back on certain fixed rate mortgages, those of 5, 7, and 10 years, with fixed payments.

Additional features on select PC Financial mortgage rates include generous prepayment privileges, like paying up to 20% of your original principal each year or increasing your payment amount up to 25% annually non-cumulative, a 'rainy day' option if you need to skip one scheduled payment each year, and extended amortization periods up to 35 years.


Accessing PC Financial mortgage rates

PC Financial mortgage rates are updated every day on its website. You can conveniently access these rates by either filling out an online mortgage application or speaking with a PC Financial mortgage agent toll-free at 1-888-872-4724. Alternatively, you can stop by a President's Choice Financial pavilion in a participating store near you and apply in person.


PC Financial mortgage pre-approval

A mortgage application can take up to 2-3 weeks to process, so it is recommended you have ready all necessary sources of information before starting the application process, such as annual income, employment information, existing assets and liabilities, and financial history.


PC Financial mortgage application checklist

Here is a list of the additional information you will need to fill out your PC Financial mortgage application and obtain your PC Financial mortgage rate:

  • Mortgage amount
  • Purpose for mortgage (purchase, refinance, transfer, etc.)
  • Purchase price
  • Down payment
  • Property type
  • Property address
  • High property prices market condition or low-market condition
  • Annual property taxes
  • Annual Condo Fees (if applicable)

More on President's Choice Financial

President's Choice Financial is a financial services offering part of Loblaw Companies Limited, the well-known Canadian grocer. Banking services are provided by the direct banking division of Canadian imperial Bank of Commerce (CIBC). Although the group does not have branch outlets, you have full access to your accounts online, by telephone, and at President's Choice Financial and CIBC bank machines, and you can earn PC points (on cookware, home accessories, health and beauty products, and, of course, groceries) the more you utilize PC Financial's services.


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