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The charts below show current purchase and switch special offers and posted rates for fixed and variable rate mortgages, as well as the Royal Bank of Canada prime rate. LIMITED TIME OFFER Get up to $5,700 in value with an eligible RBC mortgage* ...
» MORE FOR CANADIAN READERS: Best mortgage rates in Canada Mortgage rate FAQs What's the difference between interest rate and APR? The interest rate is the percentage that the lender charges for borrowing the money. The APR, or annual percentage rate, is sup...
I’m a first-time home buyer I’m a newcomer to Canada I already own a home I need to renew my mortgage First-time home buyer Buying your first home is an exciting decision. Check out our home-buying guide for tips on getting started and what to consider during your search. Buying...
That’s because as the Bank of Canada has increased rates over the past year, those with fixed-payment variable mortgages have seen the portion of their payment dedicated to interest cost soar. For some, their entire monthly payment now goes towards interest, which has resulted in neg...
» MORE FOR CANADIAN READERS: Best mortgage rates in Canada Mortgage rate FAQs What's the difference between interest rate and APR? The interest rate is the percentage that the lender charges for borrowing the money. The APR, or ...
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