Tag Archives: TD Bank

TD Bank Lobbies for Increased Downpayment

In a report issued late last week, Craig Alexander, chief economist with TD Bank became the first to recommend an increase to the minimum downpayment on a purchase to 7% from 5%.  Of course there’s nothing stopping TD Bank from making this change on their own, other than the fact they would lose a significant share of the mortgage market.  Instead, the idea is to put pressure on Ottawa to … Read More

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