Get excited about buying a new build home!
The idea of buying a home is thrilling. You'll have so many exciting steps to take as you go through the new build home buying process, and we know you'll have a few questions too. We are here to make it easier. Our Mortgage Specialists can help you understand your options and lock in your best RBC rate! Plus, once you have your eligible mortgage in place, you could get up to $3,000 to help you make your new home, your own.legal disclaimer 1
Get a more rewarding mortgage.
- We offer a firm mortgage approval for the entire construction period. Once approved, you stay approved until your closing date.legal disclaimer 2
- Guaranteed capped interest rate. Plus, if interest rates go down, you may be eligible for a lower rate 120 days prior to your closing date.
- Mortgage application may be fast-tracked depending on home model.legal disclaimer 3
- 25% mortgage insurance premium rebate is available if your new build home falls under the CMHC Eco Plus program, Sagen Energy Efficient Housing Program or Canada Guaranty Energy-Efficient Advantage Program.
Mortgage Protection for new builds. Optional HomeProtector® Insurancelegal disclaimer 4 is available, which can help protect you and your family in the event of an insured event. Insurance premiums are not charged until the mortgage is fully advanced. Should an insured event happen during the construction of your new home, and your claim is approved, the benefit will be paid once your mortgage has been fully advanced at closing.
Get up to $3,000 to help you settle into your new home.
Get an eligible RBC® mortgage on a new build home purchased from a builder and receive up to $3,000 cash.
| Value of the Eligible Mortgage | Cash Deposited in Your RBC Bank Accountlegal disclaimer 1 |
|---|---|
| $500,000 – $749,999.99 | $1,000 |
| $750,000 – $1,499,999.99 | $1,500 |
| $1,500,000+ | $3,000 |
Mattamy Homes clients, please refer to your RBC Mortgage Specialist for additional information.
Here’s how to get your cash.legal disclaimer 1
Purchase a new build home from a builder and qualify for an eligible RBC mortgage.
Have or open an eligible RBC bank account within 30 days of funding.
Make a mortgage payment from an eligible RBC bank account within 30 days of funding.
Purchase a new build home from a builder and qualify for an eligible RBC mortgage.
Have or open an eligible RBC bank account within 30 days of funding.
Make a mortgage payment from an eligible RBC bank account within 30 days of funding.
Get in touch with an RBC Mortgage Specialist
Thinking about buying a home from a builder? RBC Mortgage Specialists are available to help you understand your options and guide you through your next steps.
Closing on your new build in less than 120 days? Speak to your RBC Mortgage Specialist to hear about our current in-market offers.
Legal Disclaimer1
Provided you meet the terms and conditions of this promotional offer (the “Promotional Offer”) as described below, you may qualify to receive the applicable cash amount deposited to an “Eligible Personal Deposit Account” (as described below). An “Eligible Mortgage Application” is a personal residential mortgage application that (i) is made in respect of a new-build (i.e., pre-construction) personal residential property to be built by an eligible RBC-approved builder (other than Mattamy Homes) and located in Canada; (ii) is initiated with an RBC Mortgage Specialist on or after March 18, 2024; (iii) results in a written mortgage pre-approval or approval; and (iv) funds between 121 days and 60 months from the date your mortgage application was started by an RBC representative. Offer available only for new mortgages or RBC Homeline Plan® mortgage segments.
The following are the cash amounts you may earn under this Promotional Offer, based on the principal amount of your eligible mortgage or RBC Homeline Plan: $500,000.00 to $749,999.99 will receive $1,000.00 cash, $750,000.00 to $1,499,999.99 will receive $1,500.00 cash, $1,500,000.00 or greater will receive $3,000.00 cash.
If you open a new RBC Homeline Plan account, you may be eligible to receive the Cash Offer component based on the total principal amount(s) in the mortgage segment(s) of the RBC Homeline Plan.
This offer is limited to personal clients and new residential mortgages/RBC Homeline Plan mortgage segment(s) for owner-occupied residential dwellings only. Non-personal clients, commercial/investment properties and properties not owner-occupied are excluded. This offer is also not available in respect of any of the following transactions: an amendment to an existing mortgage with RBC; an advance of additional funds; a mortgage renewal; a mortgage switched to RBC from another financial institution; a new mortgage segment within an existing RBC Homeline Plan; a mortgage portability transaction; or a transfer of an existing mortgage with RBC to an RBC Homeline Plan. This Promotional Offer is also not available in respect of construction draw mortgages or “self-built” mortgages. You may contact us for additional details and/or to confirm your eligibility.
This Promotional Offer may be combined or used in conjunction with only certain other RBC offers, only as and to the extent permitted under the terms and conditions of such other RBC offers. See your RBC Mortgage Specialist for additional details. This offer is subject to RBC’s standard lending criteria for residential mortgages. Offer may be withdrawn or amended without notice at any time.
Mortgage must remain open until the end of the mortgage term; should your mortgage be repaid or otherwise closed or discharged prior to the end of its term, we reserve the right to demand repayment of the cash benefit you received, and by participating you agree (i) to repay this amount upon demand and (ii) that we may, without notice to you, recover this amount by debiting any account you hold with us.
NOTE: To receive the applicable cash benefit, you must have or open an RBC Royal Bank® Canadian dollar “Eligible Personal Deposit Account” (as described below) or an RBC Private Banking Account, and you must use it to make at least one payment for your mortgage one month after the mortgage advance date. An “Eligible Personal Deposit Account” means one of the following RBC personal deposit account types: RBC Staff Banking, RBC VIP Banking®, RBC Advantage® Banking, RBC Advantage Banking for students, RBC Signature No Limit Banking®, RBC No Limit Banking®, RBC Day to Day Banking®, RBC Student Banking®, RBC No Limit Banking for Students®, RBC Day to Day Savings®, RBC Enhanced Savings®, RBC High Interest eSavings®. If you have more than one Eligible Personal Deposit Account, we reserve the right to choose, in our sole discretion, the Eligible Personal Deposit Account to which your cash benefit will be credited. The cash benefit will be credited eight weeks after all the criteria for an “Eligible Mortgage Application” are met. If you do not have an Eligible Personal Deposit Account and make a mortgage payment from an eligible account one month after the mortgage advance date, you will be deemed to have not qualified for this offer and will not be eligible to receive its benefits. Limit of one Promotional Offer (i.e., limit of one Cash Offer and one Points Offer) per funded mortgage or RBC Homeline Plan with a mortgage segment.
Royal Bank of Canada reserves the right to cancel, modify or withdraw the Promotional Offer or any component thereof at any time, with or without notice to you.
The following are the cash amounts you may earn under this Promotional Offer, based on the principal amount of your eligible mortgage or RBC Homeline Plan: $500,000.00 to $749,999.99 will receive $1,000.00 cash, $750,000.00 to $1,499,999.99 will receive $1,500.00 cash, $1,500,000.00 or greater will receive $3,000.00 cash.
If you open a new RBC Homeline Plan account, you may be eligible to receive the Cash Offer component based on the total principal amount(s) in the mortgage segment(s) of the RBC Homeline Plan.
This offer is limited to personal clients and new residential mortgages/RBC Homeline Plan mortgage segment(s) for owner-occupied residential dwellings only. Non-personal clients, commercial/investment properties and properties not owner-occupied are excluded. This offer is also not available in respect of any of the following transactions: an amendment to an existing mortgage with RBC; an advance of additional funds; a mortgage renewal; a mortgage switched to RBC from another financial institution; a new mortgage segment within an existing RBC Homeline Plan; a mortgage portability transaction; or a transfer of an existing mortgage with RBC to an RBC Homeline Plan. This Promotional Offer is also not available in respect of construction draw mortgages or “self-built” mortgages. You may contact us for additional details and/or to confirm your eligibility.
This Promotional Offer may be combined or used in conjunction with only certain other RBC offers, only as and to the extent permitted under the terms and conditions of such other RBC offers. See your RBC Mortgage Specialist for additional details. This offer is subject to RBC’s standard lending criteria for residential mortgages. Offer may be withdrawn or amended without notice at any time.
Mortgage must remain open until the end of the mortgage term; should your mortgage be repaid or otherwise closed or discharged prior to the end of its term, we reserve the right to demand repayment of the cash benefit you received, and by participating you agree (i) to repay this amount upon demand and (ii) that we may, without notice to you, recover this amount by debiting any account you hold with us.
NOTE: To receive the applicable cash benefit, you must have or open an RBC Royal Bank® Canadian dollar “Eligible Personal Deposit Account” (as described below) or an RBC Private Banking Account, and you must use it to make at least one payment for your mortgage one month after the mortgage advance date. An “Eligible Personal Deposit Account” means one of the following RBC personal deposit account types: RBC Staff Banking, RBC VIP Banking®, RBC Advantage® Banking, RBC Advantage Banking for students, RBC Signature No Limit Banking®, RBC No Limit Banking®, RBC Day to Day Banking®, RBC Student Banking®, RBC No Limit Banking for Students®, RBC Day to Day Savings®, RBC Enhanced Savings®, RBC High Interest eSavings®. If you have more than one Eligible Personal Deposit Account, we reserve the right to choose, in our sole discretion, the Eligible Personal Deposit Account to which your cash benefit will be credited. The cash benefit will be credited eight weeks after all the criteria for an “Eligible Mortgage Application” are met. If you do not have an Eligible Personal Deposit Account and make a mortgage payment from an eligible account one month after the mortgage advance date, you will be deemed to have not qualified for this offer and will not be eligible to receive its benefits. Limit of one Promotional Offer (i.e., limit of one Cash Offer and one Points Offer) per funded mortgage or RBC Homeline Plan with a mortgage segment.
Royal Bank of Canada reserves the right to cancel, modify or withdraw the Promotional Offer or any component thereof at any time, with or without notice to you.
Legal Disclaimer2
Applies to selected properties only and subject to meeting credit criteria of RBC Royal Bank.
Legal Disclaimer3
RBC may have the ability to fast track mortgage application under the blanket property valuation process for eligible home models.
Legal Disclaimer4
HomeProtector Insurance is underwritten by The Canada Life Assurance Company and is subject to terms, conditions, exclusions and eligibility restrictions, which can be found in the Certificate of Insurance.
Legal Disclaimer® / ™
Trademark(s) of Royal Bank of Canada. All other trademarks are the property of their respective owner(s).