[onetwo_threefour]

Hey, sorry to necro this thread, but since it's less than a year old, this info may still be of some use.

As troutman said, it's often lender policy that dictates. I happen to have a bit more specific info that may be of hep to Kryzsky or others getting either a TD or Scotia mortgage.

For Scotia, the policy as I understand it is that all high ratio mortgages have to be PIT (taxes included in mortgage payment) for at least the first year. If you establish a good payment history, Scotia will allow you to switch to TIPP upon request after the year is up.

For TD, they require PIT for all high ratio mortgages and allegedly won't switch. They have actually gone against the flow where most lenders would prefer not to manage property taxes, even on high ratio mortgages, TD used to allow you to go on TIPPs but did a 180 on it about 9-10 years ago.

If you are dealing with a non-bank lender, they often do mandate PIT although many will accept TIPP if you provide proof of enrollment and they reserve the right to demand that you provide proof of payment at any time during your mortgage. My own mortgage company, Street Capital, required me to prove that my TIPP payments were up to date earlier this year, 2 years after I got my mortgage with them.