Mortgage Renewal Wave 'Less Shocking than Feared': TD Bank

#canadianrealestate #canadianmortgagerates #tdbank

The fallout of the Mortgage Renewal Wave may not be as severe as initially though, this according to a new report coming from TD Bank. The report argues that “heightened competition” among the banks/lenders could help to push down payments heading into 2025. Yet, its not clear that these assumptions are not overly optimistic.

Links:

Mortgage Holders Have Moved Away From The Cliff Edge:

Canada’s interest rate conundrum: Too much of a good thing:

Canada's Banking Head Warns of 2025/2026 Mortgage Renewals:

Funds advanced, outstanding balances, and interest rates for new and existing lending, Bank of Canada:

Posthaste: Canada retreats from the edge of the mortgage renewal cliff, TD Bank says:

Toronto's mortgage arrears may hit 12-year high, CMHC reports:

Mortgage borrowers renewing in 2025 to face an average $513 monthly payment increase: RBC:

Scotiabank sees rise in mortgage arrears but remains optimistic about renewals”:

TD Bank fined $3B US after pleading guilty in historic U.S. money-laundering case:

Long-time realtors are quitting in Ontario and the Home of the Week: Canadian real estate news for November 15:

Wayback Machine – TD Mortgage Rates:

Wayback Machine – RBC Mortgage Rates:

Financial Reports:

Employee wages by industry, annual:

TD Bank to pay more than US$28M in settlement for market manipulation:

Policy interest rate:

U.S. 10 Year Treasury Note:

Trump's tax-cut plans could be slowed by a wary bond market:

Mark Mitchell – Mortgage Broker London Ontario
920 Commissioners road east
London, Ontario N5Z 3J1
Phone: [phone] (Call or Text)
Brokerage Lic: 10464
Broker Lic: M16001479

Subscribe NOW for more Mortgage/Financial News/Videos.
Follow me on Social Media:
Commentary on this Channel should not be considered financial advice.

[absolute_bonk]

Things have gotten a lot better for all of us, yes, correct, has'nt it guys?....guys?...anyone?

[Shawn_Canadian_Tundra]

30% increase in wages ? TD is delusional. Or probably they are talking about their clients in the illegal/drug trade/money laundering industry who happens to be their best friends / most important customers.

[GenXMindset]

"Not analyzed, but they reported it" Nice dig!🤣👍

[CoconutPatel]

My go to channel for great reporting, analysis, and humor 👍🏼🥳 you rock!

[mzimmerman]

I appreciate your view on things. I am hoping to buy a home in Hamilton in the next 1-2 years, I will make sure to give you my mortgage business when I do.

[Casey-qmnd]

Thanks Mark. It's like celebrating a win before the game is over.

[bilbobaggins]

Hey Mark great stuff! Love the "well-respected bank" comment about our money-laundering friends at, well you know where!😅

[jwg]

There's nothing more terrifying than major banks living in the moment In terms balance sheet risk

[mtrest]

When Bank of Canada is dumping the mortgage defaults of banks on taxpayers, everything is less than feared by banks.

It's more than feared by taxpayers, savers, pensioners and anyone doing honest work in the real economy.

[mortdigo]

Now with Canadians able to afford their mortgage and have money in the food banks should also get a break as well :-)

[dinagallis]

Great reporting Mark! Have a wonderful weekend! 😊

[pilotgirl]

Shit! I missed that 30% increase. I'll let my employer know this ! lol. However I don't think it will be as bad as some have said. Canadians find ways to pay their mortgages or downsize. Just my uneducated thoughts! Thanks as always Mark

[alexgraham]

"Well respected bank".... love it! you never miss 😆

[robdoubleyou]

Thanks for keeping them honest, Mark! I know how much work goes into your videos. Keep up the excellent work. 👍

[wewons]

Hey Mark way to be consistent man! Your killing it!

[ADobbin]

I'm betting once the crest of this wave is over rates go through the roof again.

[Bill-rz]

I don’t know about you but my wages only increased by 2.5 percent for the last 3 years. 😊

[patrickjw]

I just take this opportunity bought more TD shares today 🤑

[andrewvader]

So it's going to keep dropping interest rates going to save the housing market but the Canadian dollar takes big hits

[usedtobecool]

very entertaining as always, even when it's bad or good news 😁 great channel!