Big Banks Heat Up Mortgage Battle

Scotiabank is currently offering a 5-year fixed rate mortgage at 2.97%. TD Bank is firing back with a 2.99% 5-year fixed rate, the difference is that it comes with a 120-day rate hold, whereas, Scotiabank's is only 60 days. It will be interesting to see whether this will continue to fan the flames to an already heated market.

Johnny Lam

Johnny Lam

Sales Representative
CENTURY 21 Leading Edge Realty Inc., Brokerage*
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