Close X
Sunday, January 12, 2025
ADVT 
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.

    MORE National ARTICLES

    Police Arrest Man In Attempted Abduction At Abbotsford, B.C., Bus Stop

    Police Arrest Man In Attempted Abduction At Abbotsford, B.C., Bus Stop
    A 16-year-old girl reported a man in a van drove past her several times as she waited for a bus.

    Police Arrest Man In Attempted Abduction At Abbotsford, B.C., Bus Stop

    Vancouver Man Involved In Two Shootouts With Police Pleads Guilty

    Vancouver Man Involved In Two Shootouts With Police Pleads Guilty
    Gerald Battersby appeared in provincial court Thursday in connection to the 2014 shootings in the city's Yaletown area and outside Science World.

    Vancouver Man Involved In Two Shootouts With Police Pleads Guilty

    Quarterly Report Shows Hot Real Estate Market Lifts B.C. Budget Into Billions

    Quarterly Report Shows Hot Real Estate Market Lifts B.C. Budget Into Billions
    Finance Minister Mike de Jong has released the figures in his quarterly report and says revenues for 2016-2017 are forecast to improve by $2.5 billion.

    Quarterly Report Shows Hot Real Estate Market Lifts B.C. Budget Into Billions

    2 Kirpan-Carrying Elderly Sikhs Ordered To Leave Dollarama Store In Winnipeg

    2 Kirpan-Carrying Elderly Sikhs Ordered To Leave Dollarama Store In Winnipeg
    Harpal Gill, says in the 16 years he has lived in Canada, he has never been told to leave a store because of his kirpan, a ceremonial dagger carried by Sikhs

    2 Kirpan-Carrying Elderly Sikhs Ordered To Leave Dollarama Store In Winnipeg

    Canadian Home Sales Drop For 4th Month, Lower Mainland Blamed For Slowdown

    Canadian Home Sales Drop For 4th Month, Lower Mainland Blamed For Slowdown
    The Canadian Real Estate Association says much of the move reflects the slowing activity in the Lower Mainland.

    Canadian Home Sales Drop For 4th Month, Lower Mainland Blamed For Slowdown

    British Columbia Health Minister Scraps Planned Hike To Medical Premiums

    The government announced in the February budget that rates for the Medical Services Plan would rise by four per cent next year.

    British Columbia Health Minister Scraps Planned Hike To Medical Premiums