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Benefits of Switching Your Mortgage to RBC

Checkmark Your Switching Fees are Covered

Switching your mortgage shouldn’t cost you. Switch your mortgage to RBC and get up to $3,100 in value1,2. Find out More

Switching your mortgage shouldn’t cost you. Switch your mortgage to RBC and get up to $3,100 in value1,2. Find out More

Checkmark A Simple Experience

It couldn’t be easier. We do all the legwork for you by contacting your current lender and making the arrangements on your behalf. We’re also available by phone or video, and in provinces where permitted, can handle your transaction virtually.

It couldn’t be easier. We do all the legwork for you by contacting your current lender and making the arrangements on your behalf. We’re also available by phone or video, and in provinces where permitted, can handle your transaction virtually.

Checkmark Flexible Payment Options

From Skip-a-Payment, Double Up payments, monthly payment increases, we offer a variety of options to help your mortgage payments fit within your goals and lifestyle.

From Skip-a-Payment, Double Up payments, monthly payment increases, we offer a variety of options to help your mortgage payments fit within your goals and lifestyle.

Checkmark Unlock your home equity

Unlock the equity in your home and uncover savings opportunities by refinancing your mortgage. Find out how much your home may be worth.

Unlock the equity in your home and uncover savings opportunities by refinancing your mortgage. Find out how much your home may be worth.

Checkmark Expert Advice

Whether you want to lower your monthly payments or reduce the interest you pay over the life of your mortgage, our Mortgage Specialists can find a solution that helps meet your goals and gives your cash flow a boost.

Whether you want to lower your monthly payments or reduce the interest you pay over the life of your mortgage, our Mortgage Specialists can find a solution that helps meet your goals and gives your cash flow a boost.

Checkmark A Name You Can Trust

Royal Bank of Canada is among the largest banks in Canada, with a team of Mortgage Specialists dedicated to offering practical financial solutions, competitive rates, personal service and advice that’s tailored to you.

Royal Bank of Canada is among the largest banks in Canada, with a team of Mortgage Specialists dedicated to offering practical financial solutions, competitive rates, personal service and advice that’s tailored to you.

How to switch your mortgage to RBC

Numbers

If you’re an existing RBC client, you can start your switch online using RBC Mortgage Mover.

New to RBC? Contact an RBC Mortgage Specialist by calling 1-800-769-2511, or find a specialist in your area.

Numbers

Sign a permission form that allows Royal Bank of Canada to obtain a mortgage payout statement from the financial institution that currently holds your mortgage.

Numbers

Sign the final mortgage documents once everything is approved.

What You Need to Switch:
  • Verification of employment and income
  • Proof of property insurance
  • Valid identification
  • Information about your existing mortgage (i.e. maturity date, mortgage account number, etc.)

Your Mortgage Specialist will be there to support you and advise you of any other documents you may need along the way.

Mortgage Fundamentals

Whether you’re buying a home, refinancing, renewing or switching a mortgage, the process comes with many steps – and a lot of terminology! When you understand the basics, you can make the most of your next mortgage.

You have a lot of choices when it comes to your mortgage – from the type of rate, length of term to the kind of insurance to consider. Learning some fundamentals now can help you make the decisions that are best for you.

Mortgage Payment Calculator

Quickly See What Your Mortgage Payments Might Look Like

View Our Rates

The charts below show current purchase and switch special offers and posted rates for fixed and variable rate mortgages.

2 year fixed closed

2.090%

5 year fixed closed

2.990%

5 year variable closed RBC Prime Rate -

0.650% (3.300%)

Find Your Rate

Contact an RBC Mortgage Specialist to Get Started

Start your switch today! Find a mortgage specialist in your area.

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If you’re an existing RBC client, you can start your switch online using RBC Mortgage Mover.

Personal lending products and residential mortgages are offered by Royal Bank of Canada and are subject to its standard lending criteria.

Terms and conditions apply to all offers. See your RBC mortgage specialist for more details. Offers may be withdrawn or amended without notice at any time.