TD Bank offers to pay Land Transfer Tax

Limited Time Offer for Downtown Toronto Home /Condo Buyers

In response to the City of Toronto’s increase to the Land Transfer Tax, TD Canada Trust will now cover the cost of the tax for customers obtaining a new fixed rate closed mortgage with a term of 5 or 7 years, subject to the following:

• Maximum payout amount is $15,000 or 1.5% of the mortgage amount, whichever is less
• Deals must be submitted between November 22 2007 and March 21 2008, and must fund by March 21, 2008
• Offer is applicable only to Toronto properties which were affected by the new City of Toronto Land Transfer Tax
• Purchase transactions only
• Eligible rates and terms as follows:
  5 year Fixed Rate Mortgage with a rate of 6.38%
  7 year Fixed Rate Mortgage with a rate of 6.40%
• Not available in conjunction with any other offers (i.e. CashBack)
• Funds are paid directly to the customer

Amit, please share this news on your Blog and with your Toronto clients. Call me for new loan submissions. For other conditions and disclaimers contact me or visit my website.

Thank You,