Toronto Mortgage Interest Rates:
Fixed 5 year – 4.09%
Fixed 3 year – 3.39%
Variable 5 year- 2.55% (effective rate)
Variable 3 year – 2.40% (effective rate)
Canadian 5 yr bond yields -0.03 bps to 2.49 – Four weeks ago it was 2.65%. The spread, based on 5 yr fixed rate mortgage of 4.29%, is at 1.80%.
Pressure on fixed 5 [...]
