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Mortgage Squad Advisors
RBC Royal Bank logo RBC Royal Bank · Big-6 Bank

RBC Royal Bank mortgage rates — and how to beat the posted rate.

RBC Royal Bank’s broker-channel rate is typically 15-30 bps below the rate you’d see walking into a branch. We access it as an FSRA-licensed brokerage — and compare it against 100+ lenders so you get the best fit, not just one bank’s sheet.

Rates as of Jun 16, 2026 · source: live network feed. Personalized rate depends on your file. O.A.C.
Lender type
Big-6 Bank
Headquarters
Toronto, ON
Established
1864
Products
6+ types
5-year fixed
3.94%
Best in our network
5-year variable
3.60%
Best in our network
3-year fixed
3.84%
Best in our network

How RBC Royal Bank’s broker-channel pricing works

Most Canadian lenders, RBC Royal Bank included, run two rate sheets: a posted/branch rate quoted to walk-in customers, and a wholesale broker-channel rate offered through licensed mortgage brokers. The broker rate is usually 15-30 bps lower because the broker handles origination, document collection and file packaging — work the lender would otherwise pay branch staff to do.

You can’t access the broker rate by walking into a RBC Royal Bank branch — only a licensed brokerage can submit to their broker desk. We do exactly that, then put the same file in front of 100+ other lenders so RBC Royal Bank’s offer is benchmarked against the whole market. On a $600,000 mortgage, 20 bps is roughly $1,200 a year in interest — real money over a 5-year term.

Where RBC Royal Bank is strong
  • Insured first-time-buyer files
  • Salaried full-doc files
  • Newcomer Mortgage program
  • Branch + advisor convenience
Products RBC Royal Bank funds
PurchaseRenewalRefinanceHELOCNewcomerInvestment
Full RBC Royal Bank reviewBest 5-yr fixed Full live boardPayment calculator

RBC Royal Bank mortgage rates — FAQ

What are RBC Royal Bank's mortgage rates today?
Lenders run two rate sheets — the posted/branch rate and the broker-channel rate. As an FSRA-licensed brokerage we access RBC Royal Bank's broker-channel pricing, typically 15-30 bps below their posted rate. Your exact rate depends on your file (income, credit, LTV, property).
What's the difference between RBC Royal Bank's posted rate and the broker rate?
The posted (or "special offer") rate is what you see advertised or quoted in a branch. The broker-channel rate is the wholesale pricing RBC Royal Bank offers through licensed brokers — usually 15-30 bps lower because the broker does the origination work. You can only access it through a broker; we submit your file directly to RBC Royal Bank's broker desk.
Is RBC Royal Bank a good mortgage lender?
Canada's largest bank by mortgage volume. Strongest brand recognition, deep branch network, and aggressive on insured first-time-buyer pricing. Our broker channel typically prices 15-30 bps below RBC's walk-in branch rate.
Can I get a lower rate than RBC Royal Bank's rate?
Sometimes. RBC Royal Bank is strong for certain files, but another of our 100+ lenders may price your specific situation better. We compare RBC Royal Bank against the whole network on one application — you get RBC Royal Bank's best and the market's best, then choose.
Can I switch to RBC Royal Bank at renewal?
Yes — switching to RBC Royal Bank at maturity is usually penalty-free, and a straight transfer often skips the stress test. We handle the paperwork and confirm RBC Royal Bank's renewal/switch pricing against the rest of the market so you don't auto-renew at a higher rate.
Does RBC Royal Bank offer rate holds?
Yes — like all major Canadian lenders, RBC Royal Bank offers rate holds (typically 90-120 days) for pre-approved borrowers. We can submit your file to RBC Royal Bank for a real underwritten pre-approval.
How do I apply for a RBC Royal Bank mortgage?
Through a licensed broker you reach RBC Royal Bank's broker channel directly. Start a no-obligation application with Mortgage Squad Advisors (FSRA #13737) and we'll submit to RBC Royal Bank — and compare it against the rest of the network — with no bureau pull to begin.

Get RBC Royal Bank’s best rate — and 100+ others.

One application, no bureau pull to begin. We submit to RBC Royal Bank and shop the whole network for your file.

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