National

TD Bank Hiking Rates For Longer Mortgages And Rental Properties Thursday

The Canadian Press, 01 Dec, 2016 11:29 AM

TORONTO — TD Bank (TSX:TD) is hiking rates for fixed mortgages with longer amortizations and all mortgages on rental properties.

Effective Dec. 1, the lender will charge an additional 10 basis points to their overall rate for all new fixed amortizations of 25 years or more.

That same day, all new mortgages on rental properties will have 25 basis points added to their overall rate.

The changes follow a move by TD on Nov. 15, in which it raised its special rate offer for a four-year fixed mortgage by five basis points and for a five-year fixed mortgage by 10 basis points.

TD spokeswoman Cheryl Ficker said in an email that the bank regularly reviews its rates and adjusts them based on a number of factors.

These include the cost that it pays to fund mortgages and the competitive landscape, she said.

Prev Next

MORE National ARTICLES

Burnaby RCMP Arrest Male Suspect In Multiple Exposure Complaints

Police have received numerous complaints from young, female victims, ranging from 10-21 years of age, who were approached by a male driving a white pick-up truck or SUV in a North Burnaby Neighbourhood.

Burnaby RCMP Arrest Male Suspect In Multiple Exposure Complaints

Canucks Sign Defenceman Ben Hutton To Two-year Contract Extension Worth US $5.6 Million

The 23-year-old from Prescott, Ont., is in his second NHL season with Vancouver and has two goals and two assists in 20 games so far in 2016-17.

Canucks Sign Defenceman Ben Hutton To Two-year Contract Extension Worth US $5.6 Million

Masked Man With Meat Cleaver Arrested In Vancouver, Charged In Alleged Attack On The Drive

Just after 7:30 last night, police were called to the area of East Broadway and Commercial Drive after a 25-year-old man was allegedly threatened by a masked man carrying a meat cleaver.

Masked Man With Meat Cleaver Arrested In Vancouver, Charged In Alleged Attack On The Drive

21 Passengers Spend Night On BC Ferries Vessel After Winds Prevent Docking

TSAWWASSEN, B.C. — A ferry trip from V

21 Passengers Spend Night On BC Ferries Vessel After Winds Prevent Docking

7 must-watch films at VISAFF 2016!

The Festival pursues new ways to support artists and introduce more people to original, authentic South Asian storytelling, especially with the continued theme of Bollywood and beyond.

7 must-watch films at VISAFF 2016!

Author Steven Galloway Apologizes In First Statement Since Firing From UBC

VANCOUVER — Author Steven Galloway has issued his first statement since he was fired in June under a veil of secrecy from the University of British Columbia.