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Simplii Financial Mortgage Rates

Below you'll find the best mortgage rates from Simplii Financial. Be sure to compare rates between lenders to get the best product for you.

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Simplii Financial Mortgage Rates

Rates updated:

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Provider5 Year fixed5 Year variable3 Year fixed



Prime -1.25%




Prime -0.76%




Prime -0.59%




Prime -0.55%




Prime -0.60%




Prime -0.60%




Prime -0.25%


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Simplii Financial: Frequently asked questions

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Simplii Financial mortgage rates overview

Simplii Financial is the direct banking product from the Canadian Imperial Bank of Commerce (CIBC), and was only formed relatively recently, in 2017. It was formed after CIBC and Loblaws ended their co-owned President's Choice Financial brand. Along with direct, no-fee everyday banking, Simplii Financial also offers a range of residential mortgage products.

Once you've had a look at the products Simplii has to offer, use the tools at the top of this page to receive personalized quotes from multiple lenders. It's only by comparing what different lenders will offer you that you'll truly be able to understand the range of  mortgages that are available to you.

Simplii mortgage products

Simplii, as the name implies, has a fairly simple lineup of mortgage products. Simple is by no means a bad thing, however.

Fixed-rate mortgages

Simplii offers fixed-rate mortgages for terms of 2, 3, 4, 5, 7, and 10 years. Fixed mortgage rates will give you a steady mortgage payment for your entire term, making them easy to budget for.

Variable-rate mortgages

Simplii offers variable mortgage rates in just one term length, 5 years. While it's not uncommon for a mortgage provider to only offer a single variable-rate term, some of Canada's big banks do offer variable mortgage rates with shorter terms than this.

Convertible mortgages

Convertible mortgages are available from Simplii Financial with either a 6-month term or a 1-year term. A convertible mortgage is a short-term fixed-rate mortgage that lets you convert to a fixed rate with a longer term at any time (i.e. without having to wait for the term to end). This additional flexibility is offset by a higher rate.  

Cash back mortgages

Simplii offers cash back mortgages with term lengths of 5 to 10 years. Cash back mortgages come with fixed rates and give you a cash bonus at the beginning of your mortgage. While this may seem very attractive, cash back mortgages come with much higher interest rates that more than compensate the bank for the cash advance. It's important to be very careful when considering a cash back mortgage.

Jamie David, Director of Marketing and Head of Mortgages

Jamie has 15+ years of business and marketing experience. She contributes her mortgage expertise to The Globe and Mail and authors Ratehub’s mortgage and homebuying guides. read full bio


Whether you need a mortgage, credit card, savings account, or insurance coverage, we help you find and compare the best financial products for your specific needs.

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We own and operate a mortgage brokerage, (formerly known as CanWise Financial), and are compensated for mortgages funded through our brokerage. Ratehub Inc. o/a & CanWise is a licensed mortgage brokerage and CMHC-approved lender. When comparing mortgage rates on, you’ll see rates from a number of lenders, including CanWise. All products are sorted according to the rates available to you and the selection criteria you’ve shared with us. Both and CanWise are owned and operated by Ratehub Inc.

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