CATEGORIES

CURRENT RATES

2 YEAR 1.99%*

3 YEAR 2.89%*

4 YEAR 3.04%

5 YEAR 2.74%*

5 YEAR Variable 2.90%*

Updated July 17th, 2019
*Special conditions apply. Interest rates are provided for information purposes only and are subject to change without notice.

Finally, mortgage renewals have entered a new era

Globe and Mail ~ November 6th, 2018

As Canadian mortgages come up for renewal, many households are starting to experience what TD Economics has dubbed a “completely new phenomenon” – higher interest rates.

In a recent report, TD looked at the change to the conventional five-year mortgage rate over its term length. Essentially, this shows where rates for a popular product – the five-year, fixed-rate mortgage – stand upon renewal. For much of the past quarter-century, the change has been negative, meaning Canadians could expect lower rates come renewal time.

Click here to read the full article.