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Mortgage Rates

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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.

Popular 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
2 Year Fixed 5.840% 5.900%
5 Year Fixed 5.540% 5.570%
5 Year Variable RBC Prime Rate - 0.200% (6.500%) 6.530%

High Ratio Mortgages4

These rates are available to customers with less than 20% down payment on a purchase transaction and meet other conditions.

Term Special Offers APR2
5 Year Fixed
High Ratio		 5.040% 5.070%
5 Year Variable
High Ratio		 RBC Prime Rate - 0.450% (6.250%) 6.030%

Limited Time Offers

Your best mortgage rate is only the beginning

Get up to $3,000 and 55,000 Avion points, only with an RBC mortgage.*
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Switching your mortgage to RBC may be your best move yet

Get up to $4,100 in value and 55,000 Avion points when you switch to an RBC mortgage.*
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Mortgage Payment Calculator

Quickly See What Your Mortgage Payments Might Look Like

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Other Rates

Special Rates for Purchase and Switch Transactions

25 Year Amortization or Less

1
Table Inside Collapsible
Term Special Offers APR2
1 Year Closed 6.140% 6.270%
2 Year Closed 5.840% 5.900%
3 Year Closed 5.590% 5.630%
4 Year Closed 5.540% 5.570%
5 Year Closed 5.540% 5.570%
7 Year Closed 5.940% 5.960%
3
Table Inside Collapsible
Term Special Offers APR2
5 Year Closed RBC Prime Rate - 0.200% (6.500%) 6.530%

Greater Than 25 Year Amortization

1
Table Inside Collapsible
Term Special Offers APR2
1 Year Closed 6.240% 6.370%
2 Year Closed 5.940% 6.000%
3 Year Closed 5.690% 5.730%
4 Year Closed 5.640% 5.670%
5 Year Closed 5.640% 5.670%
7 Year Closed 6.040% 6.060%
3
Table Inside Collapsible
Term Special Offers APR2
5 Year Closed RBC Prime Rate - 0.100% (6.600%) 6.630%

Posted Rates

25 Year Amortization or Less

1
Table Inside Collapsible
Term Posted Rates APR2
6 Month Convertible 6.740% 6.990%
1 Year Closed 6.740% 6.870%
2 Year Closed 6.440% 6.500%
3 Year Closed 6.300% 6.340%
4 Year Closed 6.240% 6.280%
5 Year Closed 6.290% 6.320%
7 Year Closed 6.600% 6.620%
10 Year Closed 7.000% 7.020%
25 Year Closed 9.750% 9.760%
6 Months Open 9.150% 9.400%
1 Year Open 9.150% 9.280%
3
Table Inside Collapsible
Term Posted Rates APR2
5 Year Closed RBC Prime Rate + 0.000% 6.730%
5 Year Open RBC Prime Rate + 3.300% 10.030%

Greater Than 25 Year Amortization

1
Table Inside Collapsible
Term Posted Rates APR2
6 Month Convertible 6.740% 6.990%
1 Year Closed 6.740% 6.870%
2 Year Closed 6.440% 6.500%
3 Year Closed 6.300% 6.340%
4 Year Closed 6.240% 6.280%
5 Year Closed 6.290% 6.320%
7 Year Closed 6.600% 6.620%
10 Year Closed 7.000% 7.020%
25 Year Closed 9.750% 9.760%
6 Months Open 9.150% 9.400%
1 Year Open 9.150% 9.280%
3
Table Inside Collapsible
Term Posted Rates APR2
5 Year Closed RBC Prime Rate + 0.000% 6.730%
5 Year Open RBC Prime Rate + 3.300% 10.030%

Today's Royal Bank of Canada Prime Rate:

Term Posted Rates
RBC Prime Rate 6.700%

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.