Mortgage cashback
Get up to $5,800 in value with your mortgage.¹
Offer expires June 30, 2026.
Rewards with your new mortgage.
Receive up to $5,800 in value with any fixed-term mortgage of 3 years or more.
Cashback up to $3,800
Depending on the value of your mortgage, receive from $1,000 to $3,800 when you choose a mortgage with Vancity and meet the eligibility criteria.
Bonus up to $1,500
Whether you’re a first time home buyer or switching your mortgage, you may be eligible to receive extra cashback.
Bonus for low emissions homes
If your home is heated by electricity or geothermal power, we’ll give you 50,000 Vancity enviro™ Visa* Reward points valued at $500 as a bonus.
Switchers do not need to meet the low emission criteria to qualify.
Eligible fixed-term mortgages.
You can select a fixed or variable rate (Homeprime) mortgage, or even make it an insured mortgage. These offers cannot be combined with other special mortgage rate offers.
Fixed-rate
Great for those who want to count on making the same payment for their entire term.
Fixed-rate insured
Great for those with less than 20% down payment on a purchase under $1.5 million.
Variable-rate
Great for those who feel comfortable with a fluctuating rate, with the option to convert to a fixed rate if circumstances change.
How to qualify for your cashback.
You may qualify for our cashback offer by meeting the following criteria:
- Choose Vancity for your new mortgage, or move your existing mortgage.
- Open or have a Vancity Essential Chequing, Essential Plus or Total Chequing account
- Set up pre-authorized mortgage payments to come from one of these accounts
- Set-up an automated, recurring direct payroll deposit or eligible government credit to the account
- If you have an existing Chequing Plus or Access Chequing account you may use that account for this promotion.
Receive even more rewards when you meet the requirements for first-time homebuyer and low emissions homes.
Cashback tiers.
$1,000
$2,000
$3,800
| Mortgage value | Cashback (Eligible mortgages only1) |
|---|---|
$100,000 to $449,999 | $1,000 |
$450,000 to $749,999 | $2,000 |
Greater than or equal to $750,000 | $3,800 |
Cashback add-ons.
| New Purchase | Switch in | |
| For first-time home buyers | Additional $500 | Not applicable |
| Switching your mortgage to Vancity bonus | Not applicable | Additional $1,500 |
| Additional Vancity Enviro™ Visa* Reward Points | Additional $500 in Vancity enviro Visa Reward Points for low emission homes — meaning they are heated by electricity or geothermal | All homes are eligible for additional $500 in Vancity enviro Visa Reward Points |
When you switch your mortgage to Vancity, you’re eligible for all cashback incentives including the Vancity Enviro Visa Rewards points bonus (50,000 Visa Reward points, a $500 value).
Protection you can count on.
Rest easy knowing you’re covered if the unexpected happens.
Choose from these additional forms of insurance+:
- Life coverage
- Involuntary loss of employment coverage
- Disability coverage
- Critical illness coverage
Make your move.
* Trademark of Visa Int. Used under license.
¹ Please read the Terms and Conditions which govern the Vancity Mortgage Cash Back Offer.
◊ Some conditions apply. Available to Vancity members on new and renewing mortgages where the mortgage loan-to-value is less than 75% and the amortization is 25 years or less. Must be owner occupied. All applicants must meet the Vancity lending criteria. Rate is subject to change or may be withdrawn without notice at any time.
¤ Available to members with less than 20% down payment, a residential property with a purchase price under $1,500,000, the amortization is 30 years or less, owner occupied, and who are eligible for and purchase mortgage default insurance. Default insurance is subject to eligibility conditions, limitations and exclusions. All applicants must meet the Vancity lending criteria. The annual percentage rate (APR), compounded semi-annually, not in advance. The APR is for a mortgage of $100,000 with monthly payments and a 25 year amortization. APR assumes no fees apply. You may be required to pay additional fees which would increase your APR. Rate is subject to change or may be withdrawn without notice at any time.
+ Creditor’s group insurance is optional and is underwritten by Co-operators Life insurance Company. Supporting services, such as enrolment intake, medical underwriting and claims administration, are provided by the employees of CUMIS services Incorporated, a subsidiary of Co-operators Life insurance Company. Coverage is governed by the terms and conditions of the creditor group insurance policy issued to the creditor and is subject to terms, conditions, exclusions and eligibility requirements. See the Product Guide and Certificate of Insurance for full Coverage details.