TD was the first lender to act following the introduction of mortgage rules by Ottawa in October, however the Trump election win has seen yields in government bonds surge with a resulting impact on mortgages.
The primary mortgage rate at TD has been raised by 5 basis points for a 4-year fixed-rate mortgage and by 10 points for a 5-year fixed rate.
RBC announced its changes earlier this week with new rates coming into effect Thursday.
More market update:
TD Bank has become the latest of the big banks to increase its mortgage rates as changes in the bonds market add to the impact of federal rule changes.