How to Read This Rate Table
This page summarizes the current RBC mortgage rates for popular terms and types, based on official and reputable sources. The tables show both special offer rates (which are usually lower) and, where available, the posted rates. Special offers are often the rates you can actually get when you apply, but they are subject to change and may be withdrawn at any time.
APR (annual percentage rate) is a broader measure of the cost of borrowing, including certain fees. The APR figures shown are based on a $250,000 mortgage with a $300 processing fee and property valuation fees, as disclosed by RBC. Your actual APR may differ.
RBC posts its rates on its official website and updates them periodically. Always confirm the current rate with RBC before making financial decisions.
- Special offer rates: These are promotional rates offered by RBC and may require you to meet certain conditions, such as applying through a specific channel or meeting lending criteria.
- Posted rates: RBC's standard rates, which are often higher than the special offers. They are not always displayed on the main rate page but are available from RBC or third-party comparison sites.
- High-ratio rates: These apply if you have a down payment of less than 20% and you are eligible for mortgage default insurance. They are often lower than conventional rates.
- Variable rates: These are expressed as a discount off RBC's prime rate, which as of August 2026 is 4.45%.
- Rate guarantee: RBC offers a 120-day rate guarantee, which locks in your interest rate for up to 120 days from the application date, provided the mortgage is funded within that period.
Sources: RBC Royal Bank, NerdWallet Canada
Current Fixed Mortgage Rates by Term
The table below lists the current special offer rates for fixed-rate closed mortgages available from RBC. These rates are compiled from official and reputable sources as of August 2026. Note that RBC also offers 6-month convertible, 7-year, 10-year, and 25-year fixed terms, but the table focuses on the most common terms.
Fixed mortgage rates are influenced by bond yields, not directly by the prime rate. Therefore, changes in the prime rate do not automatically affect fixed rates.
Sources: RBC Royal Bank, NerdWallet Canada, Forbes Advisor Canada
Insured vs Uninsured Rates
RBC distinguishes between high-ratio and conventional mortgage rates, which affect the interest rates offered. High-ratio mortgages are those with a down payment of less than 20% of the property's purchase price, and they require mortgage default insurance. Conventional mortgages have a down payment of 20% or more and do not require such insurance.
In the tables on this page, the 5-year fixed and variable high-ratio rates are examples of insured rates, while the other rates shown are for conventional, uninsured mortgages. When comparing rates, it is important to compare like with like: a high-ratio rate and a conventional rate are not directly comparable because they have different eligibility requirements.
Sources: RBC Royal Bank, NerdWallet Canada, Forbes Advisor Canada
Special Rates and Promotions
These offers are subject to change and may be withdrawn at any time. You should always review the terms and conditions with an RBC representative.
Sources: RBC Royal Bank, NerdWallet Canada
How Rates Are Set
RBC's prime rate serves as the benchmark for variable-rate mortgages. The prime rate typically moves in line with the Bank of Canada's policy rate, although the exact timing and amount can vary.
Fixed mortgage rates, on the other hand, are influenced by government bond yields. When bond yields rise, fixed rates tend to rise, and vice versa. They are not directly affected by prime rate changes.
RBC's posted rates are its standard rates, and special offers are promotional discounts. The rates you qualify for may depend on your creditworthiness, down payment, and other lending criteria.
Sources: Ratehub.ca, WOWA.ca
Where to Verify Current Rates
Because rates can change frequently, it is essential to verify current rates directly with RBC or through a trusted comparison source. The official RBC website provides a mortgage rates page that shows the current prime rate and special offers for fixed and variable closed mortgages.
Independent financial sites such as NerdWallet, Forbes Advisor, Ratehub and WOWA compile and cross-check RBC rates, which can give you a broader view. However, only RBC can offer the exact rate you may receive based on your situation.
- RBC Royal Bank's official mortgage rates page
- Comparison platforms like NerdWallet, Forbes Advisor, Ratehub and WOWA
- Contact an RBC mortgage specialist for a personalized rate quote
Sources: RBC Royal Bank, NerdWallet Canada, Forbes Advisor Canada, Ratehub.ca, WOWA.ca
Why Advertised Rates May Differ From What You Qualify For
The rates shown on this page are special offer or posted rates, and they are not guaranteed to be available to every applicant. Your actual rate will depend on several factors, including your credit score, income, down payment size, and the property itself.
For example, high-ratio rates (with less than 20% down) require mortgage default insurance, which adds to the cost. Also, RBC's rate guarantee locks in a rate for up to 120 days, but you must fund the mortgage within that period to benefit.
It is important to compare offers and understand that the advertised rate may not be the final rate you receive. Lenders often provide discounts based on your profile.
Sources: RBC Royal Bank, NerdWallet Canada
How to Get a Personalized Quote
To get a personalized mortgage rate from RBC, you can apply online or speak with an RBC mortgage specialist. During the application, you will provide details about your financial situation, desired mortgage amount, and down payment.
RBC may offer a rate that is different from the advertised special offers. Your final rate is confirmed during the application and approval process.
Remember, the 120-day rate guarantee applies from the application date, provided the mortgage is funded within that period. This can protect you if rates rise while you are shopping.
Sources: RBC Royal Bank
Sources
This page compiles the most current RBC mortgage rate information available from official and reputable sources as of August 2026. Rates are subject to change without notice. Please verify current rates with RBC before making any decisions.
APR figures are based on a $250,000 mortgage and may not reflect all fees or your specific situation. Some rates may require meeting standard lending criteria and may not be available to all borrowers.
The information on this page is for reference purposes only and does not constitute financial advice.
Sources: RBC Royal Bank, NerdWallet Canada, Forbes Advisor Canada, Ratehub.ca, WOWA.ca
Frequently asked questions
Why do RBC's posted rates differ from the rates I see advertised?
RBC advertises 'special offer' rates that are promotional and often lower than its standard posted rates. Posted rates are the base rates, and special offers are discounts that may be available to new mortgages or switches. The posted rates are not always prominently displayed on the website, but you can ask RBC for them. Both are subject to change.
Sources: NerdWallet CanadaHow often are these rates updated?
RBC updates its mortgage rates periodically, but the exact frequency is not disclosed. Rates can change at any time, especially in response to economic conditions. The rates on this page are as of August 2026, but you should confirm with RBC for the most current rates.
Sources: RBC Royal BankAre these rates available to everyone?
No. The rates are not guaranteed for all applicants. They may require standard lending criteria, including a satisfactory credit history and sufficient income. High-ratio rates require a down payment of less than 20% and mortgage default insurance eligibility. Your actual rate may differ.
Sources: RBC Royal BankHow often does RBC change its mortgage rates?
RBC changes its mortgage rates from time to time, but there is no fixed schedule. The prime rate changes in line with Bank of Canada decisions, while fixed mortgage rates respond to bond yield movements. For example, in 2013 RBC announced a rate change (historical context). You should monitor the official page for updates.
Sources: Ratehub.ca, WOWA.ca, RBCAre the rates shown guaranteed?
No, the rates shown are current as of the date of this page and are subject to change. However, RBC offers a 120-day rate guarantee: once you apply, your interest rate is locked for up to 120 days, provided the mortgage is funded within that period.
Sources: RBC Royal BankDo RBC rates include special offers or discounts?
Yes, RBC frequently offers special promotional rates and discounts for new mortgages, switches, and sometimes for existing customers. These are typically lower than the posted rates and may come with conditions such as applying online or through a mortgage specialist.
Sources: RBC Royal BankHow can I get the best rate from RBC?
To get the best rate, you should compare the special offers available and negotiate with an RBC mortgage specialist. Your rate may be influenced by your credit profile and the size of your down payment. RBC also offers a limited-time promotion with up to $5,900 in value, which could benefit you.
Sources: RBC Royal BankSources
- Current Mortgage Rates | RBC Royal Bank of Canada — RBC Royal Bank
- RBC Mortgage Rates - NerdWallet Canada — NerdWallet Canada
- RBC Mortgage Rates 2026 – Forbes Advisor Canada — Forbes Advisor Canada
- RBC Prime Rate | Ratehub.ca — Ratehub.ca
- RBC Prime Rates August 2026 | WOWA.ca — WOWA.ca
- RBC Royal Bank changes residential mortgage rates — RBC