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TD Bank hikes rates anew

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Ephraim Vecina | 02 Dec 2016, 08:15 AM Agree 0
Increases came in the wake of similar adjustments on mid-November
  • Omer Quenneville | 02 Dec 2016, 10:59 AM Agree 0
    I'm not surprised at this move by TD. They have most of their clients tied up with collateral charges making it more difficult to switch lenders so now is the time to take advantage of the trap.
  • DIZZY | 02 Dec 2016, 11:03 AM Agree 0
    Interest rates should have gone up years ago. A slight increase in mortgage rates for home owners will have critical results for those with little or no equity. Now the BOC is looking for an injection of money into the market place from the Feds. Couple high interest rates with equity lines of credit and a drop in real estate values will result in Power of Sale. Anyone remember the 1990's?
  • Schilight | 03 Dec 2016, 10:54 AM Agree 0
    The bank is overworked with mortgage applications and they've probably just decided to clear the backlog by making their product less desirable while they get caught up; watch for a renewed decrease in the spring when they're ready to ramp things up again.

    If their business doesn't slow down as a result of the rate increase, then expect it to stay while other banks follow suit...
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