Mortgage Rates - 19 October 2016 (Toronto and GTA)

Fixed term best discounted rates & posted rates as of October 19, 2016

6 mos                                 3.10%         3.14%

1yr                                     2.29%          2.89%

2yr                                     2.14%          2.84%

3yr                                     2.24%          3.39%

4yr                                     2.39%          3.89%

5yr                                     2.49%          4.64%

7yr                                     2.99%          5.30%

10yr                                   3.59%          6.10%

Prime rate is at 2.70%, 5 yr variable at 2.30% (prime minus .40%)