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TD – New Mortgage Rules: Mortgage Renewal

1,900 views · Published 3 January 2018 · 0:29 · Indexed 8 November 2026

Channel: TD · 2018 · Education

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How will the new mortgage rules affect mortgage renewals?  TD Canada Trust is ready to answer your questions. For more information visit:  https://go.td.com/2A34Rv4

The new mortgage rules come into effect on January 1, 2018.
Under the new Canadian mortgage rules, home buyers who a down payment of 20% or more will be subject to a stress test.  The stress test will use either 5-year benchmark rate published by the Bank of Canada or customer's mortgage interest rate plus 2%, whichever is the higher.

Whether you're buying a home, renewing, or refinancing, it's a good idea to speak with a TD Mortgage Specialist who can help guide you through the process so that you can make decisions that meet your needs.

You can use the TD Mortgage Affordability Calculator to estimate your down payment and compare which mortgage suites you best: https://tools.td.com/mortgage-affordability-calculator/  

Contact a TD Mobile Mortgage Specialist to learn more about the new mortgage rules and to find a mortgage solution that best fits your needs: https://www.forms.td.com/app/resl/#/resl/resl-form

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