We Can Help You Buy Your First Home in
Canada Sooner.^{legal disclaimer 1}

Based on January 2023 comparison with “major Canadian banks”. Major Canadian banks refers to parent division only and does not include subsidiary companies or online divisions that are not included under the “major bank heading” and refers to general policies only, does not include exceptions that may be made on a case-by case basis.

This Promotional Offer is comprised of a Cash Offer component and a Points Offer component, as described below. In order to be eligible for and obtain the applicable benefit of the Points Offer component of the Promotional Offer, you must first qualify for the Cash Offer component by meeting its applicable terms and conditions.

Cash Offer Component Terms & Conditions:

Provided you meet the terms and conditions described below, you may qualify to receive the applicable cash amount deposited to an “Eligible Personal Deposit Account” (as described below).

An “Eligible Mortgage Application” is a personal residential mortgage application that results in a written mortgage pre-approval or approval, containing an interest rate commitment, dated between February 15, 2023 and June 30, 2023 (inclusive), in Canada only. Mortgage must fund within 120 days from the start of the rate commitment and no later than October 28, 2023. Offer available only for new mortgages or RBC Homeline Plan mortgage segments of the following types and terms:

• 3-year fixed interest rate closed mortgage
• 4-year fixed interest rate closed mortgage
• 5-year fixed interest rate closed mortgage
• 5-year variable closed mortgage

Eligible mortgages or RBC Homeline Plan mortgage segments with a principal amount of $100,000.00 to $299,999.99 will receive $500.00 in cash. Eligible mortgages or RBC Homeline Plan mortgage segments with a principal amount of $300,000.00 to $499,999.99 will receive $1,000.00 in cash. Eligible mortgages or RBC Homeline Plan mortgage segments with a principal amount of $500,000.00 to $749,999.99 will receive $1,500.00 in cash. Eligible mortgages or RBC Homeline Plan mortgage segments with a principal amount of $750,000.00 to $999,999.99 will receive $3,000.00 in cash. Eligible mortgages or RBC Homeline Plan mortgage segments with a principal amount of $1,000,000.00 or greater will receive $3,500.00 in cash.

If you open an RBC Homeline Plan^® account, you may be eligible to receive the Cash Offer component based on the total principal amount(s) in the mortgage segment(s) of the RBC Homeline Plan.

This offer is limited to personal clients and new residential mortgages / RBC Homeline Plan mortgage segment(s) only.

This offer is not available in respect of any of the following transactions: an amendment to an existing mortgage with RBC; an advance of additional funds; a mortgage renewal; a mortgage switched to RBC from another financial institution; a new mortgage segment within an existing RBC Homeline Plan; a mortgage portability transaction; or a transfer of an existing mortgage with RBC to an RBC Homeline Plan. In addition, you are not eligible to participate in or receive the benefit of this Promotional Offer if you are currently participating, or have in the past participated, in an RBC Mortgage offer offered in conjunction with a new home builder. You may contact us for additional details and/or to confirm your eligibility. Offers may be combined or used in conjunction with only certain other RBC offers, only as and to the extent permitted under the terms and conditions of such other RBC offers. See your RBC mortgage specialist for additional details. This offer is subject to RBC’s standard lending criteria for residential mortgages. Offer may be withdrawn or amended without notice at any time.

NOTE: To receive the applicable cash benefit, you must have or open an RBC Royal Bank Canadian dollar “Eligible Personal Deposit Account” (as described below) or an RBC Private Banking Account. The cash benefit will be credited to such account within six weeks after the mortgage advance date. If you do not have an Eligible Personal Deposit Account by October 28^th, you will be deemed to have not qualified for this offer and will not be eligible to receive its benefits.

RBC Avion Points Offer Component Terms & Conditions:

In addition to the Cash Offer, if your “Eligible Mortgage Application” is for a mortgage or RBC Homeline Plan mortgage segment with a principal amount greater than or equal to $100,000 and you have qualified for the Cash Offer component of the Promotional Offer by meeting its applicable terms and conditions as described above, you may be eligible to earn 55,000 RBC Avion points (“Bonus Points”).
To qualify to receive the Bonus Points, you must (i) have qualified to receive the Cash Offer component of the Promotional Offer, and (ii) before October 28th, 2023, have an “Eligible Personal Deposit Account” (as described below) that is enrolled in the RBC Value Program, or open an Eligible Personal Deposit Account and enroll it in the RBC Value Program. Eligible Personal Deposit Accounts include: RBC Staff Banking, RBC VIP Banking, RBC Advantage Banking, RBC Advantage Banking for students, RBC Signature No Limit Banking, RBC No Limit Banking, RBC Day to Day Banking, RBC Student Banking, RBC No Limit Banking for Students, RBC Day to Day Savings, RBC Enhanced Savings, RBC High Interest eSavings. For more information on the RBC Value Program please visit: https://www.rbcroyalbank.com/onlinebanking/servicech/pdf/br-value-program.pdf

If you qualify to receive the Bonus Points by meeting all applicable terms and conditions, the Bonus Points will be deposited to the RBC Avion points account tied to your Eligible Personal Deposit Account within 6 weeks after meeting all the criteria for an “Eligible Mortgage Application”, as described above.

If you do not have an Eligible Personal Deposit Account that is enrolled in the RBC Value Program by October 28th, 2023, you will be deemed to have not qualified for the Bonus Points and will therefore not receive them.

Other Terms & Conditions Applicable to the Promotional Offer:

Limit of one Promotional Offer (i.e., limit of one Cash Offer and one Points Offer) per funded mortgage or RBC Homeline Plan with a mortgage segment.

Royal Bank of Canada reserves the right to cancel, modify or withdraw the Promotional Offer or any component thereof at any time, with or without notice to you.

® / ™ Trademark(s) of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada.

If you are an RBC Avion Visa Infinite, RBC Avion Visa Platinum, RBC Avion Visa Infinite Privilege, RBC Avion Visa Infinite Business, or RBC Avion Visa Business cardholder (“RBC Avion Cardholder”) , 55,000 Avion points can be redeemed for a round trip long-haul flight to Mexico, Hawaii or Alaska from Eastern Canada or the United States, and to Bermuda, Central America, Caribbean from Western Canada or the United States, with a maximum ticket price of $1,100. All applicable taxes, service fees and surcharges are the responsibility of the traveler. For more details, including information on redeeming for first class and business class seats, visit: https://www.avionrewards.com/travel/index.html. If you are not an RBC Avion Cardholder, different redemption rates apply. Avion points can also be redeemed for travel, gift certificates/cards, brand name merchandise, and more. All rewards are subject to availability and may change without prior notice. For complete terms, conditions and restrictions that apply to the Avion Rewards program, please visit: www.avionrewards.com or call 1-800 ROYAL 1-2 (1-800-769-2512).

You may be eligible for an RBC Royal Bank residential mortgage or mortgage within an RBC Homeline Plan, even if you have no or thin Canadian credit history, provided you meet all of the eligibility and credit criteria of Royal Bank of Canada and do not have adverse credit bureau information. All residential mortgages and lending products are provided by Royal Bank of Canada are subject to its standard lending criteria. Available to permanent residents who have been in Canada less than 5 years. Temporary residents may also apply. To take advantage of these offers, you must show proof of entry into Canada and provide supporting documents such as a passport, and landing papers (work permit/visa) or Canadian permanent resident card. Additional documents may be required to validate down payment funds sourced from another country.

For applications that result in a written mortgage pre-approval or approval, containing an interest rate commitment, the interest rate is guaranteed for up to 120 days from the rate commitment. The mortgage must fund within 120 days from the start of the rate commitment. Other terms and conditions may apply. See your RBC mortgage specialist or find an RBC mortgage specialist.

Down payment of less than 20% of the value of a property requires a maximum 25-year amortization and will not qualify for a 30-year amortization. In addition, if your down payment is less than 20%, you must pay a mortgage default insurance premium charged by a mortgage insurer. This insurance protects the financial institution if you ever default on your mortgage. Available for Conventional Newcomer Equity and Standard Programs. Default insured programs are limited to 25 years.