† APR is calculated based on the interest rate, the mortgage amount, term and amortization provided, assuming a property valuation fee of $250.
The Mortgage Payment Calculator is for illustration purposes only; payment amounts are based on the information you provide. Actual mortgage rates are subject to change at any time without notice. Applicants must meet CIBC’s lending criteria.
For purchase price $1,000,000 or above, the minimum down payment is 20% of the purchase price. For purchase price less than $1,000,000, the minimum down payment is based on 5% for the first $500,000 and the remaining is 10% of the purchase price.
The Mortgage Payment Calculator is for demonstration purposes only and is not part of the application process. Payment amounts are based on the information you provide and may not be as illustrated. Calculation assumes a fixed mortgage rate. Actual mortgage rates may fluctuate and are subject to change at any time without notice. The maximum amortization for an insured Mortgage is 25 years.
APR is calculated based on the interest rate, the mortgage amount, and amortization provided, assuming a property valuation fee of $250.
Mortgage Amount indicated does not include Mortgage Insurance. Mortgage insurance is not available for homes with a purchase price or as-improved value of $1 million or more.
West facing 1 bedroom & den.No Bidding Wars Here chose your plan & know that once you have signed a contract at the asking price you will have secured your exciting new condo,subject to any conditions required by the seller. Located in the trendy Fernwood neighborhood near the Oak Bay junction & next to Stadacona Park. Built with the newest earthquake standards, energy efficiency & the latest finishing details, 9 ft ceilings, large windows, top floors 10 to 12 ft vaulted ceilings, complete appliance packages with filtered water & auto ice for your fridge, underground parking, pet friendly with paw washes at the entry. Don’t hesitate here, only 32 units, they will go fast.Price includes Net GST. Prices subject to change without notice.