Mortgage Rates - 4 May 2016 (Toronto and GTA)

Fixed term and preferred rates & posted rates as of May 4, 2016

6 mos                                 3.10%         3.14%

1yr                                     2.29%          2.89%

2yr                                     2.24%          2.84%

3yr                                     2.34%          3.39%

4yr                                     2.49%          3.89%

5yr                                     2.59%          4.64%

7yr                                     3.44%          5.30%

10yr                                   3.84%          6.10%

Prime rate is at 2.70%, 5 yr variable at 2.35% (prime minus .35%)