By BNN Bloomberg, February 5, 2020

This spring’s housing market in Canada may see more activity than usual if other big lenders follow TD Bank’s lead in lowering its posted five-year fixed mortgage rate, according to mortgage expert Rob McLister.

“People often ask: ‘Who cares about the five-year fixed posted rate?’ And the fact is that it’s a very essential component to the stress test, which is a key factor in determining housing demand,” said McLister, the founder of mortgage comparison website RateSpy.com, in an interview on BNN Bloomberg Tuesday.

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