toronto dominion bank mortgage rates

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Information as of Aug 1, 2025

Overview

Toronto Dominion Bank (TD) is one of Canada’s largest mortgage lenders, offering a range of fixed and variable mortgage products with features such as flexible prepayment options, payment vacation periods, and specialized solutions for newcomers and investors. TD’s posted rates serve as a starting point for negotiation, and competitive rates are often available for qualified borrowers.

Current TD Mortgage Rates (as of July 2025)

The table below outlines TD's latest posted mortgage rates and prime rates. These rates are subject to negotiation and may be lower depending on your qualifications.

Mortgage Term	TD Posted Rate (Uninsured)	TD Posted Rate (Insured)	Notes
1-Year Fixed	6.09%	N/A
2-Year Fixed	5.39%	N/A
3-Year Fixed	4.64%	N/A
4-Year Fixed	5.99%	N/A
5-Year Fixed	4.64%	4.64%	Most popular term
10-Year Fixed	6.80%	N/A
5-Year Variable	4.79%	N/A	Based on mortgage prime
TD Prime Rate	4.95%
TD Mortgage Prime	5.10%		Uniquely higher

TD’s mortgage prime rate is 0.15% higher than its regular prime rate, affecting variable-rate mortgages.
TD often offers "special mortgage rates" that are lower than posted rates for well-qualified borrowers.

TD Mortgage Features

Prepayment Options: Up to 15% annual prepayment and 100% payment increases allowed.
Payment Vacation: Four-month payment pause available in certain circumstances.
Conversion: Variable-rate mortgages can be converted to fixed at any time.
Home Equity FlexLine: TD’s HELOC product allows for flexible access to home equity.
Specialized Products: Options for newcomers, cross-border buyers, and investment properties.

How TD Compares to Other Major Canadian Banks

Bank	5-Year Fixed	5-Year Variable	Prime Rate	Mortgage Prime Rate
TD	4.64%	4.79%	4.95%	5.10%
RBC	~4.59%–4.79%	~4.75%	4.95%	4.95%
Scotiabank	~4.64%	~4.79%	4.95%	4.95%
BMO	~4.64%	~4.79%	4.95%	4.95%

*Rates for RBC, Scotiabank, and BMO are approximate and may vary; always compare using a rate comparison platform for the most up-to-date information.

Provincial Variations

Regulations: Mortgage qualification rules and closing costs can vary by province. For example, land transfer taxes are higher in Ontario and Toronto, while Quebec has unique notarial requirements.
Rate Offers: Some provincial programs for first-time buyers or rebates may impact your effective borrowing costs.

TD Mortgage Pros and Cons

Pros	Cons
Flexible prepayment options	Posted rates can be higher than some competitors
Specialized solutions for newcomers and investors	TD mortgage prime is higher than most other banks
Payment vacation feature	Limited transparency on special rates without negotiation
Large branch and support network

First-Time Homebuyers

TD participates in all major federal first-time homebuyer programs, such as the First-Time Home Buyer Incentive (FTHBI) and the Home Buyers’ Plan (HBP).
TD offers additional guidance for new Canadians and first-time buyers, including tailored mortgage solutions.

Actionable Next Steps

Compare Rates: Use a comprehensive platform like theratefinder to compare TD’s rates with other top Canadian lenders for residential, commercial, and construction mortgages. This ensures you find the most competitive and personalized solution.
Negotiate: Always negotiate with TD on posted rates—significant discounts may be available, especially if you have strong credit and financials.
Start Application: Begin your mortgage application with theratefinder’s advanced multi-step process for customized results at theratefinder.ca/onboarding.

Summary

TD Bank offers a robust suite of mortgage products, competitive (but negotiable) rates, and strong borrower features such as flexible prepayments and payment vacations. While its mortgage prime rate is higher than most other major banks, negotiation and rate shopping are essential. Leverage comparison tools like theratefinder to ensure you secure the best rate and mortgage solution for your needs.