EN
Current Fixed and Variable Mortgage Rates
The charts below show current purchase and switch special offers and posted rates for fixed and variable rate mortgages, as well as the Royal Bank of Canada prime rate.
LIMITED-TIME OFFER
Get Up to $5,900 in Value with an Eligible RBC Mortgage*
Offer available until October 31, 2026.Find Out How
Today’s Royal Bank of Canada Prime Rate
4.450%
Most Popular Mortgage Rates
Fixed and Variable Closed Mortgage Rates
Here are current popular purchase and switch rates for select fixed and variable rate closed term mortgages:
| Term | Special Offers | APR2 |
|---|---|---|
| 3 Year Fixed Closed | 4.990% | 5.030% |
| 5 Year Fixed Closed | 5.140% | 5.170% |
| 5 Year Variable Closed | RBC Prime Rate -0.300% (4.150%) | 4.180% |
Variable Mortgage Rates3
Special Rates for Purchase and Switch Transaction – Variable Rate Mortgages
Posted Rates – Variable Rate Mortgages
Fixed Mortgage Rates1
Special Rates for Purchase and Switch Transaction – Fixed Rate Mortgages
| Term | Special Offers | APR2 |
| 1 Year Closed | 5.140% | 5.270% |
| 2 Year Closed | 5.140% | 5.200% |
| 3 Year Closed | 4.990% | 5.030% |
| 4 Year Closed | 5.040% | 5.070% |
| 5 Year Closed | 5.140% | 5.170% |
| 7 Year Closed | 5.250% | 5.270% |
| Term | Special Offers | APR2 |
| 1 Year Closed | 5.240% | 5.370% |
| 2 Year Closed | 5.240% | 5.300% |
| 3 Year Closed | 5.090% | 5.130% |
| 4 Year Closed | 5.140% | 5.170% |
| 5 Year Closed | 5.240% | 5.270% |
| 7 Year Closed | 5.350% | 5.370% |
Posted Rates – Fixed Rate Mortgages
| Term | Posted Rates | APR2 |
| 6 Month Convertible | 5.740% | 5.990% |
| 1 Year Closed | 5.740% | 5.870% |
| 2 Year Closed | 5.740% | 5.800% |
| 3 Year Closed | 6.250% | 6.290% |
| 4 Year Closed | 6.090% | 6.120% |
| 5 Year Closed | 6.190% | 6.220% |
| 7 Year Closed | 6.500% | 6.520% |
| 10 Year Closed | 6.900% | 6.910% |
| 25 Year Closed | 12.000% | 12.010% |
| 6 Months Open | 9.950% | 10.200% |
| 1 Year Open | 9.950% | 10.080% |
| Term | Posted Rates | APR2 |
| 6 Month Convertible | 5.740% | 5.990% |
| 1 Year Closed | 5.740% | 5.870% |
| 2 Year Closed | 5.740% | 5.800% |
| 3 Year Closed | 6.250% | 6.290% |
| 4 Year Closed | 6.090% | 6.120% |
| 5 Year Closed | 6.190% | 6.220% |
| 7 Year Closed | 6.500% | 6.520% |
| 10 Year Closed | 6.900% | 6.910% |
| 25 Year Closed | 12.000% | 12.010% |
| 6 Months Open | 9.950% | 10.200% |
| 1 Year Open | 9.950% | 10.080% |
Mortgage Tools & Resources
Mortgage Payment Calculator
Quickly See What Your Mortgage Payments Might Look Like
Understanding Interest
Rate Changes
Have a variable rate mortgage? Find out your options in a fluctuating interest rate environment.
Get Pre-Approved
Online
Know how much you can afford and lock in your rate in just a few steps.
Switch Your Mortgage
Find out your rate now, and we’ll do the rest with no impact to your credit score5.
Tools and
Calculators
Our easy-to-use mortgage tools and calculators will help give you an idea.
Funds must be advanced within 120 days of date of application. Offer may be changed, withdrawn or extended
at any time, without notice.
Personal lending products and residential mortgages are offered by Royal Bank of Canada and are subject
to its standard lending criteria. Some conditions apply. Special Offers are discounted rates and are
not the posted rates of Royal Bank of Canada. Specials Offers may be changed, withdrawn or extended at
any time, without notice.
Legal Disclaimer1)
Interest rate compounded half-yearly, not in advance. Interest rates are subject to change without notice
at any time.
Legal Disclaimer2)
The annual percentage rate (APR) is based on a $ 250,000 mortgage for the applicable term assuming a processing
fee of $300 (which includes fees associated with determining the value of the property). If there are
no cost of borrowing charges, the APR and the interest rate will be the same.
Legal Disclaimer3)
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.
Legal Disclaimer4)
This rate is only available to customers with less than 20% down payment, purchasing a residential property valued at under $1,000,000, who are eligible for and purchase mortgage default insurance and meet other conditions.
Legal Disclaimer5)
To complete your switch, RBC will need your permission to check your credit score. Online switch: Through the RBC online switch tool, we'll verify your financial and other information first and pull your credit report later, at the time of the full mortgage application. A credit check is typically a hard inquiry, which may have a temporary impact on your credit score. When you complete your switch online, it's a soft credit check, which has no effect on your score.
Help Us Find Your Rate
Please tell us about your mortgage plans