Investor Report

                   RBC Covered Bond Programme Monthly   Investor Report
Calculation Date:  10/30/2015

This report
contains
information
regarding
assets pledged
as security
(the Cover
Pool) in
respect of the
  obligations
under the
Covered Bonds
issued under
RBC's Global
Covered Bond
Programme as of
the indicated
Calculation
Date. The
composition of
the Cover
Pool will
change as Loans
are added and
removed from
the Cover Pool
from time   to
time and,
accordingly,
the
characteristics
and performance
of the Loans in
  the Cover
Pool will vary
over time.
Certain of the
information set
forth in   this
report,
including
credit bureau
scores, current
ratings and
"The   Teranet
-National Bank
House Price
Index™"
Methodology has
been obtained
from and is
based upon
sources
believed by RBC
and the
Guarantor LP to
be   accurate,
however,
neither RBC nor
the Guarantor
LP makes any
representation
  or warranty,
express or
implied, in
relation to the
accuracy,
completeness or
  reliability
of such
information or
assumes any
liability for
any errors or
any reliance
you place on
such
information.
Past
performance
should not be
taken as an
indication or
guarantee of
future
performance,
and no
representation
or warranty,
express or
implied, is
made regarding
future
performance.
The information
contained in
this report
does not
constitute an
invitation or
recommendation
to invest or
otherwise deal
in, or an offer
to   sell or
the
solicitation of
an offer to buy
or subscribe
for, any
security,
which will be
made only by a
prospectus or
otherwise in
accordance with
  applicable
securities
laws. Reliance
should not be
placed on the
information
herein when
making any
decision to
buy, hold or
sell any
security or for
any   other
purpose.

THESE COVERED
BONDS HAVE NOT
BEEN   APPROVED
OR DISAPPROVED
BY CANADA
MORTGAGE
HOUSING
CORPORATION
(CMHC) NOR HAS
  CMHC PASSED
UPON THE
ACCURACY OR
ADEQUACY OF
THIS REPORT.
THE COVERED
BONDS   ARE NOT
INSURED OR
GUARANTEED BY
CMHC OR THE
GOVERNMENT OF
CANADA OR ANY
OTHER AGENCY
THEREOF.
To view
the full
announcement
please see
attached PDF.