TD Raised Fixed Term Mortgages

TD Canada Trust announced Monday they would be raising some of their fixed-term mortgage rates by as much as a quarter of a percentage point. The five-year fixed rate mortgage, a popular choice among
home Buyers, increased by a quarter of a percentage point to 5.44
per cent.
The five-year special closed fixed rate also increased by 0.25 of a percentage point to 4.39 per cent.

The four-year fixed rate increased by 0.20 of a percentage point to 5.14 per cent, and the six-year fixed rate by 0.25 of a percentage point to 5.95 per cent.

All the new rates come into effect on Tuesday.

The hike comes one month after the federal government announced changes to mortgage rules.

The new mortgage rates only apply to new mortgages and renewals, and will not impact existing mortgages.

As of Monday afternoon, no other Canadian bank had announced their own hikes, but they may follow with their Owen increases

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REAL ESTATE SNATCH is the independent real estate blog of Samir Safadi, Sales Representative of West-100 Metro View Realty Ltd, brokerage it is dedicated to covering Real Estate News, digital culture, social media and technology, providing analysis of trends, Market Data , reviewing new development. Offering Real Estate services resources and guides. Services are provided to prospective buyers and sellers of real estate by Samir Safadi, Sales Representative, West-100 Metro View Realty Ltd, brokerage, duly registered in the province of Ontario, under Real Estate and Business Brokers Act, 2002 (REBBA 2002) and Member in good standing with



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