RBC Mortgage Terms & Conditions
Provided you meet the terms and conditions described below, you may qualify to receive the applicable cash amount deposited to an RBC “Eligible Personal Deposit Account” (as described below).
An “Eligible Mortgage Application” is a new personal residential mortgage application or a switch mortgage application (i.e., a mortgage switched to RBC from another mortgage lender) that results in a written mortgage pre-approval or approval, containing an interest rate commitment, dated between March 1, 2026 and June 30, 2026 (inclusive), in Canada only. The mortgage must fund within 120 days from the date shown on your rate commitment and in no event later than October 28, 2026. Offer available only for new or switched-in 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
- $500 for a mortgage loan of $100,000 to $299,999;
- $1,000 for a mortgage loan of $300,000 to $499,999;
- $1,500 for a mortgage loan of $500,000 to $749,999;
- $3,000 for a mortgage loan of $750,000 to $999,999;
- $3,500 for a mortgage loan amount of $1,000,000 or more.
First-time home buyers ("FTHBs") are eligible to receive an additional $500 cash incentive, in addition to the standard cash amounts outlined in the mortgage segment schedule. To qualify as an FTHB, the borrower must meet the following criteria at the time of the mortgage application:
- The borrower has not owned any residential property in Canada during the five-year period preceding the mortgage application date.
- The borrower does not currently hold any mortgage obligations with any financial institution or a private lender.
In cases where multiple borrowers jointly purchase a property, at least one borrower must satisfy the FTHB criteria to qualify for the additional $500 incentive. This incentive is strictly applicable to new personal residential mortgage applications and the borrower must have qualified for cash component mentioned above to be eligible for this additional $500 cash incentive.
If you open a new 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 your RBC Homeline Plan.This offer is limited to personal clients with new or switched-in residential mortgages or new mortgage segment(s) within a new RBC Homeline Plan in respect of owner-occupied residential dwellings only. Non-personal clients, and mortgages / RBC Homeline Plan mortgage segments in respect of commercial/investment properties and/or properties not owner-occupied, are excluded.
This offer is limited to personal clients with switched-in residential mortgages in respect of owner-occupied residential dwellings only. Non-personal clients, and mortgages / RBC Homeline Plan mortgage segments in respect of commercial/investment properties and/or properties not owner-occupied, are excluded.
This offer is also 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 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. 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, and only as and to the extent permitted under the terms and conditions of such other RBC offers. Contact 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, and you must use it to make at least one payment for your mortgage by November 27, 2026. An “Eligible Personal Deposit Account” means one of the following RBC personal deposit account types: 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. If you have more than one Eligible Personal Deposit Account, we reserve the right to choose, in our sole discretion, the Eligible Personal Deposit Account to which your cash benefit will be credited. The cash benefit will be credited within eight weeks following the date that all the qualifying criteria are met, as determined by us in our sole discretion. If you do not have an Eligible Personal Deposit Account by October 28, 2026 and make a mortgage payment from an eligible account by November 27, 2026, you will be deemed to have not qualified for this offer and will not be eligible to receive its benefits. RBC reserves the right to charge your account if you payout your mortgage before the end of your term.
In addition to the Cash Offer (if applicable), if your “Eligible Mortgage Application” (as described above) is for a mortgage or RBC Homeline Plan mortgage segment with a principal amount of $100,000 or more for properties located in Ontario, Alberta, British Columbia, Northwest Territories, Yukon, or Nunavut, or $75,000 for properties located in New Brunswick, Prince Edward Island, Nova Scotia, Newfoundland & Labrador, Manitoba, Saskatchewan, or Quebec, you are eligible to earn 55,000 RBC Avion points (“Bonus Points”). Mortgage must fund within 120 days of the interest rate commitment start date and no later than October 28, 2026. Offer is eligible only for a new or switched RBC closed mortgage with a three to five-year fixed interest rate or a five-year variable rate term.
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 28, 2026, 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 eight 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 28, 2026, you will be deemed to have not qualified for the Bonus Points and will therefore not receive them.
Limit of one Promotional Offer (i.e., limit of one Cash Offer and one Points Offer) per funded eligible 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.
To retain the full cash amount and/or Bonus Points you received under the terms of this Promotional Offer, the eligible mortgage opened in order to qualify for this Promotional Offer must remain open until the end of its term. Should your mortgage be repaid or otherwise closed or discharged prior to the end of its term, we reserve the right to demand full or partial repayment of the cash amount, the Bonus Points or their cash equivalent, and/or any other incentive or amount you received in connection with opening the applicable mortgage. By participating in this Promotional Offer, you agree to repay all such amounts when required by us to do so. For further details, you may refer to your mortgage loan documents and/or speak to an RBC advisor.
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(opens new window). 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(opens new window) or call 1-800 ROYAL 1-2 (1-800-769-2512).
For the purposes of repayment, 55,000 Avion Points is deemed equivalent to $550 in cash for repayment of the promotional offer. The cash value of your Avion Points calculated on a pro rata basis to determine the total repayment amount.
If RBC determines in its sole discretion that any information you have provided to us is false, misleading, or incomplete, or that any of the condition(s) we have imposed in our sole discretion are not met, you will not be eligible for the incentive, and RBC will not be able to approve your mortgage application.
RBC Creditor Insurance Claim-Free Avion Points Bonus Terms & Conditions
A. RBC Creditor Insurance Claim-Free Avion Points Bonus Offer
Eligible mortgage clients who enroll for HomeProtector and meet the terms of the offer will receive a one-time RBC Creditor insurance claim-free bonus, payable in 10,000 RBC Avion points (“Bonus Points”) or $200 cash (if no eligible RBC Avion account exists). The bonus will be deposited into the client’s account by the end of the 7th month after the mortgage funding date.
B. Qualifying Period
To qualify for the offer, the interest rate commitment date in your mortgage application that results in a written mortgage pre-approval or approval must be dated between March 1, 2026, and June 30, 2026 (inclusive), in Canada only. The insured mortgage must be funded within 120 days from the start of the mortgage commitment and no later than October 28, 2026.
C. Offer Eligibility
This special offer is limited to personal clients whose HomeProtector insurance application is for:
- a new residential mortgage;
- a mortgage segment within a new RBC Homeline Plan; or
- a mortgage switched to RBC from another financial institution on an owner-occupied residential dwelling only.
The minimum insured mortgage balance must be at least $100,000.
Non-personal clients, commercial/investment properties, and properties not owner-occupied are excluded.
The following mortgage transactions are not eligible: an amendment to an existing mortgage with RBC; an advance of additional funds; a mortgage renewal; a construction draw mortgage; 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.
D. Qualifying Criteria
The bonus will apply if HomeProtector insurance is in force for at least 6 months from the mortgage funding date and no insurance claim benefit has been approved or paid on the insured mortgage within 6 months of the mortgage funding date.
If the conditions of this offer are met and continue to be met for at least 6 months after the mortgage funding date, the applicable bonus will be paid by the end of the 7th month after the mortgage funding date.
To qualify to receive the Bonus Points, you must 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
E. Other Terms and Conditions
1. Form of Bonus Points Payment: If the offer conditions are met and you have an “Eligible Personal Deposit Account” that is enrolled in the RBC Value Program before the end of the 6th month after the mortgage funding date, then the Bonus Points will be deposited to the RBC Avion points account tied to the Eligible Personal Deposit Account. If more than one eligible RBC Avion points account exists, RBC reserves the right to choose, in its sole discretion, into which RBC Avion points account the Bonus Points will be deposited. Exceptions may be made upon request, where applicable.
- If the offer conditions are met but you don’t have an Eligible Personal Deposit Account enrolled in the RBC Value Program before the end of the 6th month after the mortgage funding date, then you will be deemed to have not qualified for the Bonus Points. The bonus will be deposited in cash into the account debited for mortgage and insurance premium payments.
2. There is a limit of one bonus per funded eligible mortgage or RBC Homeline Plan with a mortgage segment regardless of the number of borrowers insured on the mortgage.
3. The point value of $200 is based on the following (note: you are not required to have an RBC credit card to qualify for this Bonus Points offer, this is just an example): 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 Eastern portion of United States, and to Bermuda, Central America, Caribbean from Western Canada or the Western portion of 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(opens new window). 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(opens new window) or call 1-800 ROYAL 1-2 (1-800-769-2512)
4. This special offer may be modified, extended, or withdrawn at any time without prior notice to you.
5. HomeProtector Insurance is provided by The Canada Life Assurance Company. If you have any questions, you can call the RBC Insurance Service Centre at 1 800 ROYAL 23 OR 1-800-769-2523, weekdays, 8:00am to 8:00pm ET.
The Online Mortgage Pre-Approval tool provides you with the maximum mortgage lending amount and mortgage rate you may be pre-approved for by RBC, based on the accuracy and completeness of the information provided by you. Terms and Conditions will apply, please refer to the Terms and Conditions for full details.