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View Our 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.
Get up to $5,700 in value with an eligible RBC mortgage*
Offer available until June 30, 2025. Find Out How.
Our Most Popular Mortgage Rates
Fixed and Variable Closed
Here are current popular purchase and switch rates for select fixed and variable rate closed term mortgages:
| Term | Special Offers | APR2 |
|---|---|---|
| 3 Year Fixed | 4.390% | 4.430% |
| 5 Year Fixed | 4.390% | 4.420% |
| 5 Year Variable | RBC Prime Rate - 0.400% (4.550%) | 4.580% |
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Other Rates
Special Rates for Purchase and Switch Transactions
25 Year Amortization or Less
Greater Than 25 Year Amortization
Posted Rates
25 Year Amortization or Less
1
| Term | Posted Rates | APR2 |
| 6 Month Convertible | 6.090% | 6.340% |
| 1 Year Closed | 6.090% | 6.220% |
| 2 Year Closed | 5.390% | 5.450% |
| 3 Year Closed | 6.050% | 6.090% |
| 4 Year Closed | 5.990% | 6.020% |
| 5 Year Closed | 6.090% | 6.120% |
| 7 Year Closed | 6.400% | 6.420% |
| 10 Year Closed | 6.800% | 6.810% |
| 25 Year Closed | 12.000% | 12.010% |
| 6 Months Open | 9.950% | 10.200% |
| 1 Year Open | 9.950% | 10.080% |
Greater Than 25 Year Amortization
1
| Term | Posted Rates | APR2 |
| 6 Month Convertible | 6.090% | 6.340% |
| 1 Year Closed | 6.090% | 6.220% |
| 2 Year Closed | 5.390% | 5.450% |
| 3 Year Closed | 6.050% | 6.090% |
| 4 Year Closed | 5.990% | 6.020% |
| 5 Year Closed | 6.090% | 6.120% |
| 7 Year Closed | 6.400% | 6.420% |
| 10 Year Closed | 6.800% | 6.810% |
| 25 Year Closed | 12.000% | 12.010% |
| 6 Months Open | 9.950% | 10.200% |
| 1 Year Open | 9.950% | 10.080% |
Today's Royal Bank of Canada Prime Rate:
| Term | Posted Rates |
|---|---|
| RBC Prime Rate | 4.950% |
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 Offer may be changed, withdrawn or extended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 Specials Offers may be changed, withdrawn or extended at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.
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