Best TD Canada Trust Mortgage Rates Compared

TD Canada Trust offers a full range of banking and financial services across Canada. It promises to provide comfortable and hassle-free banking for all of its 11 million customers nationwide. The bank is easily one of the largest in the country and with good reason. Looking to own a home with some help from the bank? Here’s a list of the mortgage rates that TD has to offer.

 

TD Canada Trust 1-year Fixed Mortgage Rate
0

Specification: TD Canada Trust 1-year Fixed Mortgage Rate

Rate Type 1-Year-Fixed
Mortgage Type Closed
Prepayment 20% Lumpsum & 20% Unfront
Downpayment 20% or More (Conventional Mortgage)
2.79%
×

TD Canada Trust 1-year Fixed Mortgage Rate

1-Year-Fixed
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TD Canada Trust 2-year Fixed Mortgage Rate
0

Specification: TD Canada Trust 2-year Fixed Mortgage Rate

Rate Type 2-Year-Fixed
Mortgage Type Closed
Prepayment 20% Lumpsum & 20% Unfront
Downpayment 20% or More (Conventional Mortgage)
2.46%
×

TD Canada Trust 2-year Fixed Mortgage Rate

2-Year-Fixed
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TD Canada Trust 3-year Fixed Mortgage Rate
0

Specification: TD Canada Trust 3-year Fixed Mortgage Rate

Rate Type 3-Year-Fixed
Mortgage Type Closed
Prepayment 20% Lumpsum & 20% Unfront
Downpayment 20% or More (Conventional Mortgage)
2.60%
×

TD Canada Trust 3-year Fixed Mortgage Rate

3-Year-Fixed
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TD Canada Trust 4-year Fixed Mortgage Rate
0

Specification: TD Canada Trust 4-year Fixed Mortgage Rate

Rate Type 4-Year-Fixed
Mortgage Type Closed
Prepayment 20% Lumpsum & 20% Unfront
Downpayment 20% or More (Conventional Mortgage)
2.51%
×

TD Canada Trust 4-year Fixed Mortgage Rate

4-Year-Fixed
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TD Canada Trust 5-year Fixed Mortgage Rate
0

Specification: TD Canada Trust 5-year Fixed Mortgage Rate

Rate Type 5-Year-Fixed
Mortgage Type Closed
Prepayment 20% Lumpsum & 20% Unfront
Downpayment 20% or More (Conventional Mortgage)
2.82%
×

TD Canada Trust 5-year Fixed Mortgage Rate

5-Year-Fixed
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TD Canada Trust 6-year Fixed Mortgage Rate
0

Specification: TD Canada Trust 6-year Fixed Mortgage Rate

Rate Type 6-Year-Fixed
Mortgage Type Closed
Prepayment 20% Lumpsum & 20% Unfront
Downpayment 20% or More (Conventional Mortgage)
2.98%
×

TD Canada Trust 6-year Fixed Mortgage Rate

6-Year-Fixed
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TD Canada Trust 7-year Fixed Mortgage Rate
0

Specification: TD Canada Trust 7-year Fixed Mortgage Rate

Rate Type 7-Year-Fixed
Mortgage Type Closed
Prepayment 20% Lumpsum & 20% Unfront
Downpayment 20% or More (Conventional Mortgage)
3.03%
×

TD Canada Trust 7-year Fixed Mortgage Rate

7-Year-Fixed
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TD Canada Trust 10-year Fixed Mortgage Rate
0

Specification: TD Canada Trust 10-year Fixed Mortgage Rate

Rate Type 10-Year-Fixed
Mortgage Type Closed
Prepayment 20% Lumpsum & 20% Unfront
Downpayment 20% or More (Conventional Mortgage)
3.27%
×

TD Canada Trust 10-year Fixed Mortgage Rate

10-Year-Fixed
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TD Canada Trust 3-year Variable Mortgage Rate
0

Specification: TD Canada Trust 3-year Variable Mortgage Rate

Rate Type 3-Year-Variable
Mortgage Type Closed
Prepayment 20% Lumpsum & 20% Unfront
Downpayment 20% or More (Conventional Mortgage)
3.34%
×

TD Canada Trust 3-year Variable Mortgage Rate

3-Year-Variable
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TD Canada Trust 5-Year Variable-Open Mortgage Rate
0

Specification: TD Canada Trust 5-Year Variable-Open Mortgage Rate

Rate Type 5-Year-Variable
Mortgage Type Open
Downpayment 20% or More (Conventional Mortgage)
3.42%
×

TD Canada Trust 5-Year Variable-Open Mortgage Rate

5-Year-Variable
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TD Canada Trust 6-Months Fixed-Open Mortgage Rate
0

Specification: TD Canada Trust 6-Months Fixed-Open Mortgage Rate

Rate Type 6-Months
Mortgage Type Open
Downpayment 20% or More (Conventional Mortgage)
3.17%
×

TD Canada Trust 6-Months Fixed-Open Mortgage Rate

6-Months
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TD Canada Trust 1-year Fixed Mortgage Rate
0

Specification: TD Canada Trust 1-year Fixed Mortgage Rate

Rate Type 1-Year-Fixed
Mortgage Type Open
Prepayment 20% Lumpsum & 20% Unfront
Downpayment 20% or More (Conventional Mortgage)
4.28%
×

TD Canada Trust 1-year Fixed Mortgage Rate

1-Year-Fixed
Get this Rate
TD Canada Trust 5-year Variable Mortgage Rate
0

Specification: TD Canada Trust 5-year Variable Mortgage Rate

Rate Type 5-Year-Variable
Mortgage Type Closed
Prepayment 20% Lumpsum & 20% Unfront
Downpayment 20% or More (Conventional Mortgage)
2.09%
×

TD Canada Trust 5-year Variable Mortgage Rate

5-Year-Variable
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TD Canada's guarantee of a convenient banking experience trickles down to all of the services it provides. This includes the often arduous process of acquiring a mortgage loan.

Luckily, TD’s promise of easy banking also covers their mortgage products. The bank has a number of specialists and tools to help you make a more informed decision on what to purchase and how to go about actually purchasing it.

TD Canada Fixed Rate Mortgage

A fixed rate mortgage is a mortgage loan type where the interest rate remains roughly the same throughout the entire loan period. This can make planning for the future easier as you can simply set aside a fixed amount of money for the mortgage instalments.

TD Canada has fixed rate mortgage loans available as an option for future home-owners. Borrowers can select a term length of 6 months, 1, 2, 3, 4, 5, 6, 7 or 10 years based on preference.

At the time of writing, TD’s fixed rate mortgage has a base of 3.59% for the one-year term option. This slowly climbs up to 6.10% for the 10-year term option. However, TD does offer a 5% Cash Back bonus on their 6-year fixed rate residential mortgage option. This is by far the most favourable option. With the Cash Back Mortgage, the bank will give you 5% of the mortgage principal back.

Keep in mind that TD may offer special rates on their other options. These may still be more favourable for you than the 6-year option, even with the cash back promo. So before availing your loan, make sure to check in with them.

 

TD Canada Convertible Mortgage

TD offers a 6-month convertible mortgage option. This is for borrowers who want to have a bit more flexibility when it comes to paying off their loan.

The 6-month convertible mortgage gives borrowers the option to extend their loan period if they find that they’re unable to commit to a longer term. Borrowers will have a fixed interest rate (which is currently sitting at 3.34%) until the end of the short term. They will then have the option to convert their loan type into a fixed rate. This is if the interest rates at that time are more favourable at no additional cost.

This mortgage option is best for when you want to get a loan during a time when the interest rates are turbulent. With the 6-month convertible, you can simply wait for better rates while already paying for your new residence.

TD Canada Mortgages

TD also has other mortgage loans that you can apply for.

You can apply for a High Ratio Mortgage. This will let you buy a home by paying 5% to 20% of the full price as a down payment. A Multi-Unit Mortgage option is also available for properties having over five units.

Theres also a  Rural Property Mortgage for those who would like to own land over five acres in the countryside.

Each type of mortgage has a corresponding mortgage rate. It’s important to note that rates vary from bank to bank. These mortgage rates also change from time to time. The best way to know more about these rates is to check online for updated rates or to visit the bank and inquire about them in person.

About TD Bank  (Canada)

Everything TD Canada Trust does including its mortgage process has been shaped by the organization’s tagline that “Banking can be this comfortable.” TD offers both fixed and variable mortgage rate products. Your interest rate won’t change throughout your mortgage term when you choose a fixed rate mortgage from TD Canada Trust. Choosing a variable rate mortgage, on the other hand, would mean your interest rate is bound to fluctuate from time to time due to changes in the TD mortgage prime rate. Apart from these two mortgage products, which come with open and closed terms, TD Canada Trust offers other products such as the multi-unit residential mortgage, the high ratio mortgage, a six-month convertible mortgage, a farm mortgage, the Green mortgage, and a 7 percent cash back mortgage, and a 5 percent cash back mortgage.
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