Enjoy an easy process

Business Mortgage

Receive expert advice, flexible options, and competitive mortgage rates.



Discover the benefits!

  • Access business experts to help with your business
  • Choose from a variety of flexible mortgage options
  • Enjoy competitive mortgage rates that save you money

Get more than just mortgage advice

Of course, your business advisor will guide you through the entire mortgage process. But they’ll also help you with every need your business has! You’ll gain more than a mortgage with us. You’ll build a partnership that lasts the life of your business.

Choose the best fit for your business

Are you a farmer looking for an All in One Mortgage solution? Are you building a new location for your business? Do you want your rate to float with Prime? Or maybe remain constant to protect against rate increases. Your options are endless! 

Save money with competitive rates

You can expect great rates on any business loan you have with us. Whether it’s a business mortgage, an All in One Mortgage, or a construction mortgage, you’ll build an affordable business with the help of expert Business Advisors.


More information

  • Available for business use: commercial property 
  • Interest compounded annually
  • Term lengths 1 ,2, 3, 4, 5, 7 and 10 years 
  • All payment frequencies available
  • Prepayment options 
    • You can prepay up to 20% of the original amount of the mortgage during each 12-month period from the anniversary date. This privilege is not cumulative from year to year and does not apply if you wish to prepay the mortgage in full, renegotiate the rate, or prepay more than 20%. 
    • If you wish to prepay in full, renegotiate, or prepay more than 20%, you'll pay the greater of:
      • 90 days’ interest or 
      • the interest difference of the current posted rate of a similar mortgage type with an equal term. 
  • Convertible and buy down options/consolidations:
    • Pay the greater of 75% of: 
      • 90 days’ interest or 
      • the interest difference of the current posted rate of a similar mortgage type with an equal term. 
    • May select any Business Closed Mortgage product
    • For consolidations, the above penalties shall apply or a blended rate as approved by our Retail Team.
  • Early renewal
    • 3-month option to early renew
    • Current expiry must be within 3 months or less
  • Applicable application fees

  • Available for business use: commercial property 
  • Interest compounded annually
  • Term length: 5 years
  • All payment frequencies available
  • Prepayment options 
    • Prepay the whole or any part of the principal amount outstanding without penalty, unless payment is received directly or indirectly from another lender or financial institution. If that is the case, you shall pay a 90-day interest penalty.
  • No penalty charged if the property is sold
  • Convertible and buy down options/consolidations:
    • Upon payment of a $250 conversion fee, you may select any Business Closed Fixed Mortgage product
  • Applicable application fees

  • Available for business use: commercial property 
  • Interest compounded annually
  • Term length: 1 year
  • All payment frequencies available
  • Unlimited prepayment
  • Convertible and buy down options/consolidations:
    • Blended - upon payment of a $250 conversion fee you may select any Business Closed Mortgage product
    • Non-blended - must be termed into a new mortgage
  • Applicable application fees

  • Available for business use: commercial property 
  • Interest compounded annually
  • Term lengths 1 ,2, 3, 4, 5, 7 and 10 years 
  • Repayment terms
    • Monthly interest only payments required during 12- month construction phase
    • Initial term must be a blended 5, 7, or 10 years
    •  All payment frequencies available
  • Prepayment options 
    • You can prepay up to 20% of the original amount of the mortgage during each 12-month period from the anniversary date. This privilege is not cumulative from year to year and does not apply if you wish to prepay the mortgage in full, renegotiate the rate, or prepay more than 20%. 
    • If you wish to prepay in full, renegotiate, or prepay more than 20%, you'll pay the greater of:
      • 90 days’ interest or 
      • the interest difference of the current posted rate of a similar mortgage type with an equal term. 
  • If the property is sold during the mortgage term:
    • the penalty may be waived subject to you obtaining a new Innovation mortgage and selecting a minimum 1-year term
    • If the new mortgage is approved within 6 months from the date of payout of the previous mortgage, the penalty can be refunded upon disbursal of the new mortgage proceeds. Refund of the penalty will not occur prior to disbursal of the new mortgage.
  • Convertible and buy down options/consolidations:
    • Pay the greater of 75% of: 
      • 90 days’ interest or 
      • the interest difference of the current posted rate of a similar mortgage type with an equal term. 
    • May select any Business Closed Mortgage product
    • For consolidations, the above penalties shall apply or a blended rate as approved by our Retail Team.
  • Applicable application fees

  • Available for business use: commercial property 
  • Interest compounded annually
  • Term length: 5 years
  • Repayment terms
    • Monthly interest only payments required during 12- month construction phase
    • Initial term must be a blended 5, 7, or 10 years
    •  All payment frequencies available
  • Prepayment options 
    • Prepay the whole or any part of the principal amount outstanding without penalty, unless payment is received directly or indirectly from another lender or financial institution. If that is the case, you shall pay a 90-day interest penalty.
  • No penalty charged if the property is sold
  • Convertible and buy down options/consolidations:
    • Upon payment of a $250 conversion fee, you may select any Business Closed Fixed Mortgage product
  • Applicable application fees


Get seamless business financing

You deserve an affordable, easy mortgage experience for your business. Contact us for corporate mortgage needs today!



Calculators on the site are made available to you as tools for independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy. All examples are hypothetical and are for illustrative purposes only. Please contact us directly to seek personalized advice from qualified professionals for all personal finance issues.

AIR = Annual Interest Rate

APR = Annual Percentage Rate

Annual Interest Rate = The total cost of credit expressed as an annual percentage, not including various non-interest charges.

Annual Percentage Rate = The total cost of credit expressed as an annual percentage, taking into account, both interest and various non-interest charges.

If there are no non-interest finance charges, the AIR and APR will be the same.

APR Assumptions:
a. $300,000 Mortgage
b. 25 Year Amortization
c. Applicable Term for Each
d. $400 Appraisal Fee

Applicable to residential mortgages only and subject to Innovation Credit Union lending criteria for residential properties. Some conditions apply.

Interest rate compounded semi-annually not in advance. Interest rates are subject to change without notice.Applicable to residential mortgages only and subject to Credit Union lending criteria for residential properties. Some conditions apply.