We offer our home purchasers preferred interest rates well below posted rates through Royal Bank of Canada. Royal Bank of Canada also offers other day rate guarantees on Quick Possession homes! Please contact a sales centre for more information and current rates.
The annual percentage rate (APR) is based on a $ 200,000 mortgage for the applicable term assuming a processing fee of $250 (which includes fees associated with determining the value of the property). If there are no cost of borrowing charges, the APR and the interest rate will be the same. † This is the effective rate assuming half of mortgage principal is allocated to a mortgage and the other half is allocated to a mortgage.* Applies to fixed rate mortgages only on selected residential property and subject to meeting lending criteria of RBC Royal Bank. For fixed rate mortgages, interest is compounded half-yearly, not in advance and the rate shown as “Your rate” is a discounted rate based on the posted rates of Royal Bank of Canada on June 1, 2015. For variable rate mortgages, interest is calculated not in advance, with the same frequency as payments are made. Variable mortgage interest rate are based on RBC Royal Bank's prime rate. On June 1, 2015 the prime rate 2.85%, the posted rate for open variable rate mortgages was prime rate + 1.00% and the posted rate for closed variable rate mortgages was prime rate. Rates subject to change without notice. Offer may be changed, withdrawn or extended at any time, without notice. Not available in combination with any other discounts, offers or promotions. Terms and conditions apply. ® Registered trademarks of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada. All trademarks are the property of their respective owner(s) and are used with the permission of the owner(s).