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Compare current RBC mortgage rates with Sunlite Mortgage rates in one simple table. See RBC mortgage rates by term and how Sunlite Mortgage compares.
Rates are shown for comparison purposes only and may change without notice. Actual rates depend on borrower qualifications, mortgage type, amortization, loan-to-value, property type and lender approval.
Compare current RBC mortgage rates with Sunlite Mortgage rates below.
| Terms |
RBC
|
BMO
|
TD
|
Scotiabank
|
CIBC
|
National Bank
|
Sunlite Mortgage |
|---|---|---|---|---|---|---|---|
| 1-Year Fixed | 5.14% | — | From 5.54% | — | — | 5.49% | 4.89% |
| 2-Year Fixed | 5.14% | — | From 5.04% | — | — | 4.99% | 4.39% |
| 3-Year Fixed | 4.99% | 4.74% | From 5.04% | 4.74% | 4.64% | 4.94% | 3.99% |
| 4-Year Fixed | 5.04% | — | From 5.19% | 4.89% | 4.79% | 5.04% | 4.44% |
| 5-Year Fixed | 5.14% | 4.94% | From 5.24% | 4.94% | 4.84% | 4.24% | 4.24% |
| 3-Year Variable | — | — | — | — | 4.05% | — | 4.05% |
| 5-Year Variable | 4.15% | 4.12% | From 4.09% | 3.90% | 3.95% | 4.10% | 3.60% |
| Prime Rate | 4.45% | 4.45% | 4.60% TDMP | 4.45% | 4.45% | 4.45% | 4.45% |
When comparing rates from RBC and the other Canadian Big Five banks, you’re generally talking about conventional lenders, who have some of the lowest rates available compared to private and other alternative lenders. (There are a range of different lender types in Canada).
When you’re looking for the best rate, A-lenders like Sunlite Mortgage and the Big Five update their rates regularly based on changes in the Bank of Canada’s key interest rate. Ultimately, you want to go for the lowest rate possible since a lower interest rate could save you thousands over the lifetime of your mortgage. The best way to compare rates is to check out multiple lenders and see what’s available. You also want to make sure you find a mortgage solution that works for your situation, and here, it helps to know the pros and cons of fixed versus variable rate mortgages and other different types of mortgages in Canada.
Finally, if you’ve found a rate from a lender other than Sunlite Mortgage, we guarantee that we’ll match or beat it, or you could get $500. Learn more about Sunlite Mortgage’s low-rate guarantee.
RBC fixed and variable mortgage rates can be competitive with other major Canadian banks, but the lowest rate depends on the term, mortgage type and borrower profile. Sunlite Mortgage compares current RBC mortgage rates with rates from other lenders so borrowers can evaluate the full mortgage rather than relying on one bank’s offer.
Some smaller lenders, such as credit unions and other alternative lenders, may be able to offer lower rates than big banks like RBC. However, big banks and other A-lenders typically have more stringent lending criteria that allow them to offer lower rates than you can find elsewhere because they opt for less risky borrowers. RBC is a globally recognized bank with a good reputation for mortgage customers.
RBC offers an online prequalification tool for their mortgages and requires that applicants meet the following criteria before applying for a mortgage: Be at least the age of majority, 18 or 19 years of age, depending on your province. Be a Canadian resident. Provide personal details and gross annual income (pre-tax). All RBC mortgages are subject to standard credit approval. RBC offers online chat, in-branch service, and help by phone for mortgage applications.
RBC provides a range of conventional mortgages for customers in Canada. Their rates are fairly competitive, and their prepayment options have decent flexibility. RBC is a conventional, traditional bank with good security, though they may not be able to provide the best rate in every instance. At Sunlite Mortgage, we can help you compare the best rates available, and we also lend directly. If you’re with RBC and looking to renew with a new lender or just out to compare mortgage rates and products, you can speak to an advisor now or start your application if you’re ready to apply.
*Applicable with an accepted offer to purchase or renew. Conditions apply
