Mortgage cash back
Get up to $4,000 cash back on eligible mortgages.¹
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Don’t let increasing interest rates stress you out. Now is the perfect time to lock in a great rate early by getting pre‑approved or planning ahead for your mortgage renewal by switching to Vancity.
To get started, talk to a specialist about:
When it comes to your mortgage, find an interest rate that complements your financial well-being.
Get our pros on it
Meet a mortgage specialist over the phone.
Lock it, rock it
As an existing member, you can manage documents and signatures virtually to finish your mortgage or pre-approval application and guarantee your rate for 120 days.6
Get up to $4,000 cash back
Receive your cash back within 5 days of your mortgage being funded.
4-year fixed-term or greater
Available until further notice
2-3 year fixed-term
Available until further notice
$100,000 to $449,999
$1,000
$500
$450,000 to $749,999
$2,000
$750
$750,000 to $999,999.99
$3,000
$1,000
$1,000,000 and up
$4,000
$1,000
Your dream home can present itself at any moment. Getting pre-approved means:
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1 When you purchase a new property and are taking a new personal mortgage loan (“Mortgage”) with Vancity or move your existing Mortgage from another financial institution to Vancity, with a Mortgage value amount of CA$100,000 or more with a two year fixed term or greater, you may receive a cash back bonus (the “Cash Back”) as follows: (i) for two year or three year fixed term, $500 for mortgages between $100,000 up to $449,999.99; $750 for mortgages between $450,000.00 up to $749,999.99; $1,000 for mortgages greater than or equal to $750,000.00; (ii) for four year fixed term or greater $1,000 for mortgages between $100,000 up to $449,999.99; $2,000 for mortgages between $450,000.00 up to $749,999.99; $3,000 for mortgages between $750,000.00 up to $999,999.99; and $4,000 for mortgages greater than or equal to $1,000,000.00. An appraisal fee may apply. The Vancity Mortgage Cash Back Offer may be changed or withdrawn at any time without notice. Please read these Terms and Conditions which govern the Vancity Mortgage Cash Back Offer.
2 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.
3 Some conditions apply. 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.
4 Some conditions apply. This rate is only available to members with less than 20% down payment, a residential property with a purchase price under $1,000,000, the amortization is 25 years or less, owner occupied, and who are eligible for and purchase mortgage default insurance. All applicants must meet the Vancity lending criteria.
5 Some conditions apply. All applicants must meet the Vancity lending criteria. 5-Year Homeprime Fixed Term Mortgage interest rate is compounded monthly, not in advance. Vancity's Homeprime mortgage offers you a variable interest rate based on Vancity's Homeprime rate over a 5-year fixed term. The interest rate for a Vancity Homeprime (variable rate) mortgage is tied to the Vancity Homeprime Rate. As mortgage interest rates fluctuate, they move in sync with the Vancity Homeprime Rate. This is why interest rates are written as Vancity Homeprime Rate "+" or "-" a certain interest rate amount to show how the interest rate is calculated based on the Vancity Homeprime Mortgage Rate. Refer to the Vancity Homeprime Rate section for more information. Rate is subject to change or may be withdrawn without notice at any time.
6 120 day rate guarantee is only applicable for mortgage applications pre-approved on or after November 18, 2022.