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Personal Banking > Mortgages > Mortgage Rates

Mortgage Rates

All Rates

The charts below show current mortgage rates for fixed and variable rate mortgages, as well as the Royal Bank of Canada prime rate:

Fixed Mortgage Rates(21)

Term Posted Rate Special Offers(22) APR

Convertible

6 Month 3.140% Call for details 3.350%

Closed

1 Year 3.140% Call for details 3.240%
2 Year 3.040% Call for details 3.090%
3 Year 3.650% Call for details 3.690%
4 Year 4.390% Call for details 4.420%
5 Year 4.640% Call for details 4.660%
7 Year 5.300% 3.440% 3.460%
10 Year 6.100% 3.840% 3.850%
25 Year 8.750% Call for details 8.760%

Open

6 month 6.300% 6.510%
1 year 6.300% 6.410%

Variable Mortgage Rates(23)

Term Posted Rate APR

Closed

5 year RBC Prime Rate + 0.000% 2.720%

Open

5 year RBC Prime Rate + 1.000% 3.720% 

Today's Royal Bank of Canada Prime Rate:

Term Posted Rate
RBC Prime Rate 2.700%

For mortgages approved on or before October 31, 2015, funds must be advanced within 120 days of date of application. Offer may be changed, withdrawn or extended at any time, without notice.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. 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 Specials Offers may be changed, withdrawn or extended at any time, without notice.