TD Canada Trust mortgage review — a broker's perspective
Canada's second-largest mortgage lender. Strong on collateral-charge mortgages (built-in HELOC), competitive on rate-match retention, and broad accept for self-employed full-doc files. Known for the longest renewal-letter lead time.
- Founded
- Founded 1855
- Headquarters
- Toronto, ON
- Products
- 5 product types
- Tier
- Big-6 banks
- Broker licence
- FSRA #13737 broker
Who is TD Canada Trust good for?
TD Canada Trust suits salaried W-2 / T4 borrowers with 2+ years at the same employer and first-time buyers with strong Beacon (700+) and 5-20% down. It is strongest on: Collateral-charge mortgages, Self-employed full-doc, Rate-match retention, 120-day rate hold.
Strong fit for
- Salaried W-2 / T4 borrowers with 2+ years at the same employer
- First-time buyers with strong Beacon (700+) and 5-20% down
- Borrowers who value branch access and bundled banking
- Files that fit standard A-lender boxes cleanly
Probably not the right fit if
- Self-employed under 2 years incorporated
- Borrowers maxing out GDS/TDS at stress-tested rate
- Bruised credit (Beacon under 660)
- Files needing rental income from new tenancies
Not sure where your file fits? Start a free pre-qualification and we’ll check your fit across 99+ lenders — no credit check to begin.
What kind of lender is TD Canada Trust?
TD Canada Trust sits within the big-6 banks tier of Canada's mortgage market. Canada's six largest banks — RBC, TD, Scotia, BMO, CIBC, NBC. Brand recognition, branch networks, broad coverage.
Working across 99+ Canadian lenders, our brokerage knows TD Canada Trust's underwriting appetite — what they say yes to, what they push back on, and what file structure gets a clean approval the first time. As a Big-6 bank, TD Canada Trust operates both retail and broker channels — and we access the broker channel sheet, which prices below the walk-in rate.
How does TD Canada Trust price its mortgages today?
These are TD Canada Trust's lowest current rates across 792 broker-channel products in our live feed. Your exact rate depends on your file, term, down payment and insurance.
What mortgages does TD Canada Trust offer?
TD Canada Trust funds 5 mortgage types. We can access its full broker-channel menu.
- Purchase
- Renewal
- Refinance
- HELOC
- Self-employed
Should you go to TD Canada Trust directly or use a broker?
TD Canada Trust sells mortgages directly and through brokers. Through us, you see TD Canada Trust's broker-channel rate next to 99+ other lenders. We’re not employees of TD Canada Trust. We’re an independent FSRA-licensed brokerage that sends your file to TD Canada Trust when it’s the best fit — and to a different lender when it’s not.
Going direct to TD Canada Trust vs. through us
| Aspect | Direct with TD Canada Trust | Through Mortgage Squad Advisors |
|---|---|---|
| Rate sheet | The rate you are quoted going to them yourself (highest) | Broker-channel rate (typically 15-30 bps below the consumer sheet) |
| Lenders shopped | Just TD Canada Trust | 99+ lenders incl. TD Canada Trust |
| If declined | Application ends; reapply elsewhere | Re-route to next-best lender same day |
| Cost to borrower | $0 — bank pays its own staff | $0 — lender pays our compensation |
| Underwriting strategy | TD Canada Trust's lens only | We structure your file to TD Canada Trust's preferences before submission |
| Renewal benchmarking | TD Canada Trust sends a single offer; you accept or counter | We benchmark across 99+ lenders 120 days before renewal |
Same TD Canada Trust loan documents. Different shopping power. Start a pre-qualification to see what your file looks like across 99+ lenders.
How we work with TD Canada Trust
- Discovery
A 5-minute call about your income, credit, down payment, home and timeline. No credit check to start.
- Match
We compare your file with 99+ lenders, not just TD Canada Trust. If TD Canada Trust fits best, we go there.
- Submit
We send a full package to TD Canada Trust's broker desk, set up the way their underwriters like it.
- Funding
Approval, conditions, lawyer, funding. We manage every step.
Other big-6 banks we shop alongside TD Canada Trust
Same tier, often similar rates. We compare TD Canada Trust with these every time.
TD Canada Trust mortgage broker — major Canadian cities
We place TD Canada Trust files across Canada. Pick your city for local market context.
Don’t see your city? Browse all Canadian markets — we lend nationally.
TD Canada Trust — common questions
Don’t see yours? Ask Maya.
What are TD Canada Trust's current mortgage rates in Canada?
How do I qualify for a mortgage with TD Canada Trust?
Is TD Canada Trust a good mortgage lender?
Can I switch to TD Canada Trust at renewal?
Does TD Canada Trust work with self-employed borrowers?
How long does TD Canada Trust take to approve a mortgage?
What's the difference between TD Canada Trust branch rates and broker rates?
Does TD Canada Trust offer pre-approvals?
What prepayment privileges does TD Canada Trust offer?
What if TD Canada Trust declines my mortgage application?
Pillar guides relevant to TD Canada Trust files
Our most comprehensive first-time-buyer guide. Pre-approval to closing day, the FHSA + RRSP Home Buyers' Plan stack, 30-year insured amortization for first-time buyers, the stress test in plain English, and closing-day costs.
Your bank's first renewal offer is an opening bid. This playbook covers the 21-day federal notice rule, the lender early-renewal window (often up to 120 days), and how to compare your bank's offer against the market instead of auto-renewing.
Refinancing isn't always a win. This guide gives you the break-even method we use: penalty + fees vs. monthly savings, with three illustrative scenarios (rate drop, debt consolidation, equity take-out).
Related lenders
Same broker. Different lender appetite.
Browse other lender tiers
Editorial commitment
This page is an editorial profile written from our brokerage’s perspective. We are not employed by TD Canada Trust and receive no payment from TD Canada Trust for this content. We compensate-disclose: on A-lender files the lender pays our brokerage compensation, and we earn the same regardless of which A-lender funds your file — so our recommendations are rate-agnostic. Rates and program details are reviewed quarterly; last reviewed May 13, 2026.
Get the best-fit lender for your file.
A 5-minute pre-qualification. No credit check to begin. We compare 99+ lenders — including TD Canada Trust — and recommend the right one.
Questions first? Chat with Maya, our AI assistant, or call us.