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Trust and Mortgage Rates Stir Ontario Public Outcry
Canadian readers confront the ethics of the trust industry as hundreds of homeowners accuse Canada Trust of misrepresenting mortgage renegotiation terms. Policies promised rate relief during rising rates but were never written, leaving borrowers with 19 to 20 percent loans when rates fell. Clients demand written guarantees and reversal of policy, while the bank cites costs and offers no firm action.
MENTIONED IN THIS ARTICLE
Tanadé Trust
London
Canada Trust
Kitchener
Ontario
Paul Godfrey
Godfrey
Bill Thornhill
Merv Lahn