RBC Royal Bank · Big-6 BankRBC Royal Bank mortgage rates — and how to beat the posted rate.
RBC Royal Bank’s broker rate is typically 15-30 bps below the rate you’d see walking into a branch. We compare it against 100+ lenders so you get the best fit, not one bank’s sheet.
What are RBC Royal Bank’s mortgage rates?
RBC Royal Bank isn’t posting every term on our board. Where it isn’t, the card shows the best in our network.
- Lender type
- Big-6 Bank
- Headquarters
- Toronto, ON
- Established
- 1864
- Products
- 6+ types
RBC Royal Bank rates by term
How does RBC Royal Bank’s broker pricing work?
RBC Royal Bank has two rate sheets: a posted rate for branch customers and a lower broker rate, usually 15-30 bps lower. Only a licensed brokerage can get the broker rate. On a $600,000 mortgage, 20 bps is about $1,200 a year.
Why RBC Royal Bank's broker rate is lower, and what RBC Royal Bank does well
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 an 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.
- Insured first-time-buyer files
- Salaried full-doc files
- Newcomer Mortgage program
- Branch + advisor convenience
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 (same balance, same amortization) 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 an 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 credit pull to begin. We submit to RBC Royal Bank and shop the whole network for your file.
Bring us a written offer from a big bank. We’ll try to beat it. If we can’t, we pay you $500. Conditions apply. See the conditions