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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.

Simplii Financial Mortgage Rates

Rates updated:

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Provider5 Year fixed5 Year variable3 Year fixed

Best market rate


Prime -1.50

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Prime -1.03






Prime -0.70




Prime -1.05




Prime -0.96





Prime -0.80







Prime -1.11




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Simplii Financial: Frequently asked questions

Are Simplii Financial rates lower than other banks?

How do I get a mortgage with Simplii Financial?

Can you negotiate a mortgage rate?

Let us help you determine which rate best suits your individual needs by answering a few short questions about your home and financial history.

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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 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 lenders will offer you that you'll truly be able to understand what mortgages 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, so are 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 bands 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 (ie 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.

Author bio

Jamie David

Jamie David is the Business Director of Mortgages at A graduate of the Systems Design Engineering program at the University of Waterloo, she has over 15 years of business, marketing, and engineering experience in the financial technology, banking, education, energy and retail industries. She has worked in top organizations like TD Bank, Trading Pursuits, Petro-Canada, and the TTC. Her passion for personal finance, investing, education, and business strategy brought her to where she heads a very talented, cross-functional team that is dedicated to providing Canadians with the best mortgage experience all the way through from online search to (keys-in-your-hand) funded mortgage.

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Financial institutions pay us for connecting them with customers. This could be through advertisements, or when someone applies or is approved for a product. However, not all products we list are tied to compensation for us. Our industry leading education centres and calculators are available 24/7, free of charge, and with no obligation to purchase. To learn more, visit our About us page.

How are CanWise Financial and connected?

Both and CanWise Financial are owned and operated by Ratehub Inc. When comparing mortgage rates on, you’ll see rates from a number of lenders and mortgage brokers, including CanWise Financial. All products are sorted according to the rates available to you and the selection criteria you’ve shared with us.

We’re happy to send users to CanWise because of their great rates, trusted advice, and experienced mortgage team. Read any of their 3,300 five-star Google and Facebook reviews and you’ll see what we mean.