Simplii Financial mortgage rates
Simplii Financial's lowest 5-year fixed rate on its own website was 5.34% (not split by down payment) when we read it on Nov 2, 2026. Its posted 5-year rate was 6.49%, 1.15 points higher. Its lowest variable was 4.45%. The lowest comparable rate we collected anywhere was 4.59% at ATB Financial.
| Term | Lowest special / advertised | Posted | Gap | Payment at special | Payment at posted |
|---|---|---|---|---|---|
| 2-year | 4.84% | 5.24% | 0.40 pts | $2,862.65 | $2,976.71 |
| 3-year | 5.09% | 6.14% | 1.05 pts | $2,933.69 | $3,240.76 |
| 4-year | 5.24% | 6.19% | 0.95 pts | $2,976.71 | $3,255.72 |
| 5-year | 5.34% | 6.49% | 1.15 pts | $3,005.55 | $3,346.09 |
| 7-year | — | 6.30% | — | — | $3,288.73 |
| 10-year | — | 6.79% | — | — | $3,437.49 |
| Simplii Financial special | 5.34%read Nov 2, 2026 |
|---|---|
| Simplii Financial posted | 6.49% |
| Mortgage | $500,000, 25 years, 5-year term |
| Monthly payment, lower → higher rate | $3,005.55 → $3,346.09 |
| Interest difference over 5 years | $27,783 |
Open this example in the calculator →Computed Nov 2, 2026.
All Simplii Financial rates we collected
| Term | Type | Insured | Kind | Rate | Fine print | Source |
|---|---|---|---|---|---|---|
| 2-year | Fixed | Not split | special | 4.84% APR 4.86% | Special rate. | page as of Nov 2, 2026 |
| 2-year | Fixed | Not split | posted | 5.24% | page as of Nov 2, 2026 | |
| 3-year | Fixed | Not split | special | 5.09% APR 5.11% | Special rate. | page as of Nov 2, 2026 |
| 3-year | Fixed | Not split | posted | 6.14% | page as of Nov 2, 2026 | |
| 4-year | Fixed | Not split | special | 5.24% APR 5.26% | Special rate. | page as of Nov 2, 2026 |
| 4-year | Fixed | Not split | posted | 6.19% | page as of Nov 2, 2026 | |
| 5-year | Variable | Not split | special | 4.45% APR 4.47% | Special rate. | page as of Nov 2, 2026 |
| 5-year | Variable | Not split | posted | 4.70% | Variable-rate mortgage, posted. | page as of Nov 2, 2026 |
| 5-year | Fixed | Not split | special | 5.34% APR 5.36% | Special rate. | page as of Nov 2, 2026 |
| 5-year | Fixed | Not split | posted | 6.49% | page as of Nov 2, 2026 | |
| 7-year | Fixed | Not split | posted | 6.30% | page as of Nov 2, 2026 | |
| 10-year | Fixed | Not split | posted | 6.79% | page as of Nov 2, 2026 |
Highlighted rows are the lowest special or advertised rate for that term and type among the rows shown. * = the lender's own prime rate plus its stated spread. Collected Nov 2, 2026; check the lender's page before relying on any rate.
Prepayment and penalties
We didn't find Simplii Financial's penalty method on the pages we read. It's in your mortgage contract's information box.
Check a Simplii Financial posted-rate IRD · full penalty calculator on BankMortgages.ca
About this lender
Digital lender lending across Canada. Prime rate 4.70% as stated on its site (as of Nov 2, 2026).
Simplii (a CIBC subsidiary) uses CIBC's prime rate; it publishes special and posted rates.
MortgageRateToday.ca isn't affiliated with Simplii Financial and isn't paid by any lender.
Frequently asked questions
What is Simplii Financial's 5-year fixed mortgage rate?
On Nov 2, 2026, Simplii Financial's own website showed 5.34% (special/advertised) for a 5-year fixed and a posted 5-year fixed rate of 6.49%. Rates change often; check the lender's page.
What is Simplii Financial's variable mortgage rate?
The lowest closed variable rate on its page was 4.45% for a 5-year term, with Simplii Financial's prime at 4.70%.