Mortgage Rates | Could This Be The Best Mortgage Available?

For those new to our blog: we had a previous blog post about the effects of new lending rules and the stress test that came into effect January 1st. As a result, the market is officially slowing down and we predict it will continue to stay this way for the next little while (more on these stats in a separate post later).


A slowing market means the banks will have to "up" their strategy on getting new customers and retaining current customers. We have seen this with BMO (Bank of Montreal) earlier in May, which discounted its variable mortgage rate to 2.45 per cent until the end of the month. TD has now followed suit as competition rises! TD is also lowering its five-year variable rate to 2.45 per cent (1.15 per cent lower than the TD Mortgage Prime

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