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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.

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RBC Mortgage Rates

Rates updated:

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Provider5 Year fixed5 Year variable3 Year fixed



Prime -1.25%




Prime -0.61%




Prime -0.75%




Prime -0.55%




Prime -0.60%




Prime -0.60%


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RBC: Frequently asked questions

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How do I get a mortgage with RBC?

Can you negotiate a mortgage rate?

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RBC mortgage rates overview

RBC is Canada's biggest bank 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 5-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 such as RBC, 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 just 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 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 6 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.

Jamie David, Director of Marketing and Head of Mortgages

Jamie has 15+ years of business and marketing experience. She contributes her mortgage expertise to The Globe and Mail and authors Ratehub’s mortgage and homebuying guides. read full bio


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