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Fixed Rate Mortgages*

Convertible

Term Posted Rate Special Offers
6 Month 6.35% 5.29%1

Closed

Term Posted Rate Special Offers
1 Year 6.35% Call for details
2 Year 6.35% Call for details
3 Year 6.35% Call for details
4 Year 6.69% 5.63%2
5 Year 6.85% 5.79%3
7 Year 7.30% 5.85%4
10 Year 7.45% Call for details
25 Year 8.35% Call for details

Open

Term Posted Rate
6 month 8.15%
1 year 8.50%

Variable Rate Mortgages

Closed

Term Posted Rate Special Offers
5 year 4.75% 4.40%5
5 year RateCapper® 4.75% --
RateCapper Maximum Rate 7.50% --

Open

Term Posted Rate
5 year 4.75%

NOTES

* Interest rate compounded half-yearly, not in advance. Interest rates are subject to change without notice at any time.

Interest rate is compounded monthly, not in advance. This rate may change at any time without notice. Royal Bank of Canada prime rate is an annual variable rate of interest announced by Royal Bank of Canada from time to time as its prime rate.

The annual percentage rate (APR) is based on a $100,000 mortgage for the applicable term assuming certain cost of borrowing charges (for example, appraisal fees). If there are no cost of borrowing charges, the APR and the interest rate will be the same.

1. APR 5.62%. Offer expires September 30, 2008.

2. APR 5.67%. Offer expires September 30, 2008.

3. APR 5.82%. Offer expires September 30, 2008.

4. APR 5.87%. Offer expires September 30, 2008.

5. APR 4.44%. Offer expires September 30, 2008.

For mortgages approved on or before September 30, 2008 funds must be advanced within 90 days of date of application in order to qualify for the Special Offer rate. Offer may be changed, withdrawn or extended at any time, without notice.

Applicable to residential mortgages only and subject to Royal Bank of Canada lending criteria for residential properties. Some conditions apply. Rates shown for the applicable term are Royal Bank of Canada's special discounted rates and are not the posted rates of Royal Bank of Canada. Offer may be changed, withdrawn or extended at any time, without notice.

® Registered trade-mark of Royal Bank of Canada

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