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Get the right mortgage for your next home

Save money & simplify your next mortgage by financing locally.

Save more with our Feature Mortgage Rate

When it comes to the cost of your mortgage, a lower mortgage rate makes a big difference.

For example, the difference between a fixed rate of 6.05%* and our rate of 4.19% on a $500,000 mortgage would mean interest savings of $27,070 over the 3 year term.
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*For illustrative purposes only

Special Offer Mortgage Rates cannot be combined with any other mortgage offer.

Special Offer Mortgage Rates apply to new purchase, transfer and refinance for residential and cottage mortgages. Excludes rental property and commercial mortgages. Must have net new funding of $200,000 or more. Rates subject to change without notice.

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See all rates

Get our best mortgage rate. Always.

With our Best Rate Guarantee, you'll automatically get our best fixed rate mortgage once you're pre-approved.

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Learn more

Try our Mortgage Comparison Calculator to see how much you can save with Cambrian.

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Mortgage Comparison Calculator

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Illustration of a blue two-story house with a red roof, white front door, and porch with hanging plants and a cat sitting on the railing, surrounded by green trees and bushes.

Get up to $1315 in transfer fees on us*

When you switch your mortgage to Cambrian, we cover the following fees:

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Property Valuation Fees

As part of the mortgage transfer, we may require a property value appraisal to establish the value of your home and Cambrian will cover the fees.

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Title Insurance Fees

Cambrian will cover the fees for First Canadian Title (FCT) to protect you in the event of title or land survey issues.

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Discharge Fees

When you transfer your mortgage, your current financial institution must give up the rights to your property. This is known as “discharging” your mortgage. Cambrian currently covers up to up to a maximum of $300 of discharge fees charged by the other financial institution.

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*Terms and Conditions apply. Based on maximum average of $500 for standard transfer-in appraisals on residential properties located within the City of Winnipeg, standard First Canadian Title (FCT) fee of $515.34, and maximum average of $300 for lender discharge fees. Members are responsible for any prepayment penalties charged by their current financial institution.

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Illustration of a beige multi-story building with large windows and rooftop umbrellas at sunset.

Prepay your way.

Get mortgage-free faster! Every little bit helps. We love helping you save money with more flexible prepayment options. Choose to pay up to an additional 20% of your original mortgage balance every year, without penalty. Make one lump sum payment or make several smaller payments regularly throughout the year – whichever way works best for you.

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Book time to talk

Less bank fees. More life.

Save $234 (or more) in fees every year with Cambrian’s unfee. Just set up a monthly direct deposit into your personal banking account.

That could mean a week’s worth of groceries... or something fun like 42 more morning lattes.

With unfee, we’ll refund your monthly account fee and qualifying transaction fees on the first day of each month.

For example, with a Premium Chequing Account, we would refund your monthly account fee of $19.50 (plus any other qualifying service fees), saving you a minimum of $234 each year!

*Based on $19.50/month Premium Chequing Account with Direct Deposit, plus any other qualifying service fees. Based on pricing for Starbucks grande Caffe Lattes and groceries for family of three (Woman 19-30, Boy 4-8, Child 1-3) in Canada’s 2025 Food Price Report.

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Learn more about unfee

Get personalized,
honest advice about your mortgage.

At Cambrian, we make what you may consider complicated, like getting your next mortgage, simple.

We evaluate each situation individually and make our honest recommendation based on what we feel is best for your overall financial wellness. We will listen to your needs and clearly explain all your options so that you can make the decision that is best for you.

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Book a meeting

“We were pleased with our advisor’s efficiency, knowledge and ability to answer all of our questions with regards to our mortgage. She was very professional and explained everything clearly. We really appreciate that the appointment was on time and the paper work was ready and organized. Thank you!”

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Heather

experience meeting with Cambrian about a mortgage

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How does applying for my next mortgage work?

Step 1:

Apply online

You can apply for a mortgage online at anytime.

You will need the following information (if joint borrowers, you will need the information for both borrowers):

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1. Employment information, including your gross monthly salary (before taxes and deductions)

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2. Information about your assets, such as:

• Properties you own

• Vehicles you own

• RRSPs & investments

• Chequing and savings balances

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3. Information about your debt payments and liabilities, which include:

• Mortgages

• Loans

• Credit cards

• Rent & lease payments

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4. We may also need you to provide us with the following documents:

• Valid photo identification

• Income verification (pay stub, T4, etc.)

• Statements (bank, credit card, etc.)

• Tax return

Step 2:

Book a meeting

We will review your online application within one business day and email you next steps. If we are proceeding with your application, we will ask you to book a meeting online with one of our advisors (you can meet by video, phone or in person).

Step 3:

Get pre-approved

We will provide you with a pre-approval confirmation which outlines your maximum mortgage amount and the maximum purchase price that you can afford. You can now go house hunting with confirmed mortgage financing in place - this makes you a pre-qualified buyer.*

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*When making an offer to purchase, ensure you leave at least one week to finalize the mortgage financing.

Step 4:

Finalize your mortgage

Once your offer to purchase is accepted, let us know immediately.

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If required, we will arrange a property appraisal to confirm the value of the home.

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If you require bridge financing, we will set that up. Bridge Financing is a short-term loan ranging from 60 to 180 days that will bridge the gap between:

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1) buying and taking possession of your new home and

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2) receiving the proceeds of the sale of your existing home.

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To qualify, you must have an unconditional offer on the sale of your existing home, meaning that the offer is not contingent on another event (such as the sale of the buyer’s home).

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Step 5:

Sign mortgage documents

We will draft the mortgage documents for your signature and review together via video or in-person.

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If in person, you will sign the mortgage documents in-branch.

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If by video, we will send the mortgage documents to your lawyer. You will sign these when you meet with your lawyer to go over all the home purchase documents.

Step 6:

Move in!

On possession date, you get the keys to your new home! Your mortgage payments will start after your possession date, as per the timing detailed on your mortgage documents.

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Now all you need to do is make this house your new home!

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Start the process by applying online

What are your Payment Protection options?

Payment Protection is optional and covers your mortgage payments in the event you become sick or injured, or pays off your full insured mortgage balance if you pass away.

*Payment Protection is optional and is underwritten by Co-operators Life Insurance Company. Supporting services, such as enrollment intake, medical underwriting and claims administration are provided by the employees of CUMIS Services Incorporated. Coverage is governed by the terms and conditions of the creditor’s 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.

Top 5 things to know about buying your next home

1. Get pre-approved

Whether you’re looking to upgrade or downsize, it’s important to apply to get pre-approved before you start hunting for your next home so that when you find your perfect home, you are ready to make an offer. This will confirm the maximum mortgage you can afford and will make you a more attractive buyer since your financing has already been pre-approved with a financial institution.

2. Bridge Financing

If you are taking possession of your next home before selling your current home, you may need Bridge financing. This is a temporary loan, with terms ranging from 60 days to 180 days, to bridge the gap between:

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1) buying and taking possession of your new home and

2) receiving the proceeds of the sale of your existing home.

3. Choosing a mortgage

There are different types of mortgages and each type has a different interest rate and different terms. You will need to choose between a variable closed, variable open or fixed rate mortgage. The right mortgage depends on your circumstances and preferences.

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4. Porting your mortgage

If you have an existing mortgage with Cambrian, you can port this mortgage over to your next home. This means we transfer your existing mortgage balance and rate on the new home and add any additional mortgage amount at our current mortgage rate. The two rates combined make up your blended mortgage rate.

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Otherwise, the existing mortgage will need to be paid in full, and you could incur a pre-payment penalty (if before your mortgage maturity date). Porting the existing mortgage would save you from paying a penalty.

5. Save time

You can complete the mortgage process with us without needing to step foot in a branch. You can apply online, meet with an advisor via video and we can send the mortgage documentation to your lawyer for signature.

Frequently
Asked Questions

What is the difference between a Variable Open Mortgage and a Variable Closed Mortgage?

Both the Variable Closed and the Variable Open have a variable rate that can fluctuate up or down throughout the life of the mortgage.

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The Cambrian Variable Closed mortgage has a 5-year term, and typically has a lower interest rate than the Variable Open Mortgage. If this mortgage is paid out prior to maturity, a 3-month interest penalty will apply.

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The Cambrian Variable Open Mortgage has no specific term and can be paid out at any time without penalty.

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Check out our current mortgage rates or book a meeting with an advisor to review which mortgage option is best for you.

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Can I get notified when Cambrian mortgage rates change?

Yes, you can sign up for alerts when interest rates change.

1. Login to Online Banking

2. Select your name in the top right menu and click "Profile & Settings"

3. Under "Alerts" click the arrow beside "Rate Changes"

4. Turn on the alert by selecting the email you want to receive it to then selecting the rate alerts you wish to receive below. You can also turn off alerts by unselecting them.

What is Bridge Financing

If you are an existing homeowner and are buying or building a new home before the close of the sale of your existing home, you may need Bridge Financing (also known as Interim Financing).

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Bridge Financing is a short-term loan ranging from 60 to 180 days that will bridge the gap between buying and taking possession of your new home & receiving the proceeds of the sale of your existing home. To qualify, you must have an unconditional offer on the sale of your existing home, meaning that the offer is not contingent on another event (such as the sale of the buyer’s home).

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Book a meeting to discuss Bridge Financing

Do I have to be a member to get a mortgage at Cambrian?

You do not need to be a member to apply for a mortgage. We will open a Cambrian membership if your mortgage application is approved.

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More mortgage questions? Book a meeting with one of our advisors.

What does it mean to "insure my mortgage"?

There are two types of mortgage insurance - mortgage default insurance and payment protection.

Mortgage Default Insurance is required if your down payment is less than 20% of the home purchase price. Typically, the insurance premium is added to your mortgage balance. Mortgage Default Insurance is provided by Canada Mortgage and Housing Corporation (CMHC), Genworth Financial and Canada Guaranty. We will arrange this insurance for your mortgage if required.

Payment Protection covers your mortgage payments in the event you become sick or injured, or pays off your insured mortgage balance if you pass away. Payment Protection is optional and is underwritten by Co-operators Life Insurance Company. Supporting services, such as enrollment intake, medical underwriting and claims administration are provided by the employees of CUMIS Services Incorporated. Coverage is governed by the terms and conditions of the creditor’s 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.