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RBC Mortgage Rates

Below you'll find the best mortgage rates from RBC. Be sure to compare rates between lenders to get the best product for you.

RBC Mortgage Rates

Rates updated:

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Provider5 Year fixed5 Year variable3 Year fixed

Best market rate


Prime -1.50

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Prime -1.03






Prime -0.70




Prime -1.05





Prime -0.96







Prime -0.90




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RBC: Frequently asked questions

Are RBC rates lower than other banks?

How do I get a mortgage with RBC?

Can you negotiate a mortgage rate?

Let us help you determine which rate best suits your individual needs by answering a few short questions about your home and financial history.

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RBC mortgage rates overview

RBC is one of Canada's biggest banks and has a strong offering of mortgage products. While RBC certainly offers rates that are competitive among the big banks, we strongly recommend you compare mortgage rates from multiple lenders before deciding on a provider.

To see if an RBC mortgage is right for you, read on to learn about their products.

RBC mortgage products

In addition to standard fixed and variable-rate mortgages, the Royal Bank of Canada (RBC) offers a variety of specialty mortgage products. These additional products consist of the RateCapper Mortgage, the RBC Homeline Plan, the EnergySaver Mortgage, a Cash Back Mortgage, and a Self-Employed Mortgage product. These products are all outlined below.

RateCapper Mortgage

This is a variable RBC mortgage rate with a maximum "capped" rate for a five-year term. This provides protection from rate increases if mortgage rates go up beyond that maximum "capped" rate. If rates go down, your rate goes down just as it would with a variable RBC mortgage rate.

RBC Homeline Plan

The Homeline Plan is RBC's Home Equity Line of Credit (HELOC) offering. This plan allows you to consolidate existing debt to save on interest charges, then enjoy the benefit of both a mortgage and a line of credit in a single product.

Energy Saver Mortgage

The Energy Saver Mortgage is a financing solution with a rebate to help you reduce your home energy costs and improve your home's energy efficiency. It essentially provides a $300 rebate on a home energy audit with the choice of a residential mortgage or the RBC Homeline Plan.

RBC Cash Back Mortgage

RBC Cash Back Mortgage provides a cashback payment at the time your mortgage is advanced. The amount of money you receive is based on the size and term of your mortgage, up to 7% of its value.

RBC's Self-Employed Mortgage

If you're self-employed, getting approved for a traditional mortgage can be difficult. RBC's Self-Employed Mortgage is available for those who are self-employed and have difficulty obtaining competitive rates for buying, refinancing, renovating, and more. With this product, financing is available for up to 90% of the value of your home.

Vacation Home Mortgage

This plan is specially designed for vacation homes, letting you finance up to 95% of the value of a property primarily used for holidays.

Accessing RBC mortgage rates

You can access RBC mortgage rates by going to the bank directly. While RBC doesn't work with brokers, it's also worth speaking to a mortgage broker when comparing mortgages. This is because brokers work with multiple lenders, have access to exclusive deals, and can negotiate on your behalf. Even if you want to get a mortgage from one of the big banks, using a mortgage broker can still get you a better deal.

RBC mortgage pre-approval

After gathering the necessary background information such as annual income, employment information, existing assets and liabilities, and financial history, you can complete an online pre-approval application for your RBC mortgage rate in less than a few minutes.

RBC mortgage application checklist

As part of your mortgage application process, RBC will ask you questions relating to what you owe and own. These questions might include questions about: your current asset and debt mix; the projected expenses relating to the property you wish to buy (including taxes, heating costs, and condo fees); and whether you will be using the property to generate income. You'll need information on all of these issues before you start an application.

RBC will also require also be some basic information about you, your finances, and the property you're buying, including:

  • Information that describes the property you're buying
  • Confirmation of your down payment
  • Employment verification
  • Information that describes your existing property

Other RBC products

RBC offers various RBC credit cards (including rewards cards and low-interest cards), RBC GICs (available in a variety of terms), as well as various types of insurance. One of the benefits of getting a mortgage with one of Canada's Big 5 Banks is that you can combine many financial services with a single institution, so a full range of financial services may be something you want to consider. 

More on the Royal Bank of Canada

The Royal Bank of Canada is Canada's largest bank as measured by assets and market capitalization, and is among the largest banks in the world, based on market capitalization. It is a diversified financial services company, offering personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services on a global basis. It employs tens of thousands of employees who serve close to 18 million personal, business, public sector, and institutional clients through offices in Canada, the US, and dozens of other countries.

Author bio

Jamie David

Jamie David is the Business Director of Mortgages at A graduate of the Systems Design Engineering program at the University of Waterloo, she has over 15 years of business, marketing, and engineering experience in the financial technology, banking, education, energy and retail industries. She has worked in top organizations like TD Bank, Trading Pursuits, Petro-Canada, and the TTC. Her passion for personal finance, investing, education, and business strategy brought her to where she heads a very talented, cross-functional team that is dedicated to providing Canadians with the best mortgage experience all the way through from online search to (keys-in-your-hand) funded mortgage.

About Ratehub

We help you find better financial products for your specific needs. Whether you need a mortgage, credit card, savings account, or insurance coverage, we get you the information you need to choose better.

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Financial institutions pay us for connecting them with customers. This could be through advertisements, or when someone applies or is approved for a product. However, not all products we list are tied to compensation for us. Our industry leading education centres and calculators are available 24/7, free of charge, and with no obligation to purchase. To learn more, visit our About us page.

How are CanWise Financial and connected?

Both and CanWise Financial are owned and operated by Ratehub Inc. When comparing mortgage rates on, you’ll see rates from a number of lenders and mortgage brokers, including CanWise Financial. All products are sorted according to the rates available to you and the selection criteria you’ve shared with us.

We’re happy to send users to CanWise because of their great rates, trusted advice, and experienced mortgage team. Read any of their 3,300 five-star Google and Facebook reviews and you’ll see what we mean.