Fixed rate mortgage

Great rates and peace-of mind. Our fixed rate mortgage offers you the security of locking in your interest rate for the term of your mortgage.

Whether you're buying your first home, moving to a new home, or renewing an existing mortgage, choosing a fixed rate mortgage means you won't have to worry about future interest rate fluctuations during your mortgage term.

Get locked-in security with a fixed rate mortgage

A fixed rate mortgage offers a specific interest rate that is fixed or "locked-in" for the term of the mortgage. That means you'll know exactly what to expect, including:

  • The interest rate of your mortgage
  • The amount of your regular mortgage payments
  • The portion of your payment that goes toward principal and interest
  • The amortization of your mortgage (how long it will take to pay it off)

Enjoy a rate guarantee

If you are arranging a new mortgage, your fixed interest rate can be guaranteed up to 120 days before the closing date of your home. If interest rates go up during that time, you'll still receive the lower rate — guaranteed.

And when it's time to renew, RBC will guarantee your mortgage interest rate for 30 days prior to your renewal date.

Choose what works best for you

With your choice of closed, open and convertible fixed rate mortgages from RBC, you can select the term that provides the level of security (and interest rate) that is right for you.

Payment options

HomeProtector® Mortgage Insurance

It allows you to not only safeguard yourself and your family's lifestyle, but also your assets and net worth.

Special offer rates and terms

Below are current special offers1 for select fixed rate closed term mortgages:

2 year term
2.540%
2.590% APR
3 year term
2.640%
2.680% APR
5 year term
2.890%
2.910% APR

Start your online mortgage pre-approval

Lock your rate and know exactly how much home you can afford. Start your pre-approval online and an RBC®
mortgage specialist will be in touch within 24 hours to help you complete your pre-approval application.

Get pre-approved Get pre-approved