Switch Your Mortgage to RBC

Benefits of Switching Your Mortgage to RBC

Your Switching Fees are Covered

Switching your mortgage shouldn’t cost you. At RBC, we cover up to $1,100 in switch fees¹ on your eligible mortgage.

A Simple Experience

It couldn’t be easier. We do all the legwork for you by contacting your current lender and making the arrangements on your behalf. We’re also available by phone or video, and in provinces where permitted, can handle your transaction virtually.

Flexible Payment Options

From Skip-a-Payment, Double Up payments, monthly payment increases, we offer a variety of options to help your mortgage payments fit within your goals and lifestyle.

Unlock your home equity

Unlock the equity in your home and uncover savings opportunities by refinancing your mortgage. Find out how much your home may be worth.

Expert Advice

Whether you want to lower your monthly payments or reduce the interest you pay over the life of your mortgage, our Mortgage Specialists can find a solution that helps meet your goals and gives your cash flow a boost.

A Name You Can Trust

Royal Bank of Canada is among the largest banks in Canada, with a team of Mortgage Specialists dedicated to offering practical financial solutions, competitive rates, personal service and advice that’s tailored to you.

How to switch your mortgage to RBC

If you’re an existing RBC client, you can start your switch online using RBC Mortgage Mover.

New to RBC? Contact an RBC Mortgage Specialist by calling 1-800-769-2511, or find a specialist in your area.

Sign a permission form that allows Royal Bank of Canada to obtain a mortgage payout statement from the financial institution that currently holds your mortgage.

Sign the final mortgage documents once everything is approved.

What You Need to Switch:

Verification of employment and income
Proof of property insurance
Valid identification
Information about your existing mortgage (i.e. maturity date, mortgage account number, etc.)

Your Mortgage Specialist will be there to support you and advise you of any other documents you may need along the way.

View Our Rates

The charts below show current purchase and switch special offers and posted rates for fixed and variable rate mortgages.

3 Year Fixed closed

4.890%

4.930% APR

5 year fixed closed

4.890%

4.920% APR

5 year variable closed RBC Prime Rate -

RBC Prime Rate - 0.500% (4.950%)

4.980% APR

Find Your Rate

Contact an RBC Mortgage Specialist to Get Started

Start your switch today! Find a mortgage specialist in your area.

Search By:

If you’re an existing RBC client, you can start your switch online using RBC Mortgage Mover.

View Legal DisclaimersHide Legal Disclaimers

Personal lending products and residential mortgages are offered by Royal Bank of Canada and are subject to its standard lending criteria.

Terms and conditions apply to all offers. See your RBC mortgage specialist for more details. Offers may be withdrawn or amended without notice at any time.

Legal Disclaimer¹

For Switch transactions we will pay, when applicable, the basic title insurance fee (up to $700 in Atlantic: New Brunswick, PEI, Nova Scotia, Newfoundland & Labrador, up to $1,000 in Quebec and up to $500 in the rest of Canada), processing fee (up to $300) and one discharge fee (up to $300 maximum discharge fee, except Quebec). Offer excludes mortgage prepayment charges (“breakage fees”) that you may have to pay. The mortgage with RBC must have a principal amount of $100,000 or more ($75,000 minimum for Atlantic: New Brunswick, PEI, Nova Scotia, Newfoundland & Labrador, Manitoba, Saskatchewan, and Quebec). Offer eligible only for a new RBC closed mortgage with a three-year or greater fixed interest rate or a five-year variable rate term.