Tuesday, April 27, 2010

Mortgage interest rates in the GTA - 5 year closed rate at 3.79%

As part of my obligation to provide you with excellent service, today I have received notification from 2 major banks, Royal Bank and TD Canada Trust that further increases in mortgage rates are occurring.

Over the past 4 weeks rates have moved from the upper 3% range to the mid to upper 4% range. These changes are significant.

As of equal significance is one company that I work with called AstrumStar and their rates are still excellent with the AstrumStar 5 year closed rate at 3.79% and the AstrumStar 3 year variable rate at prime minus 0.9% - yes 1.35%.

Yes these rates are available to those who transact through me. Let me know if you are interested and I will send you details.

Thank you,

Toronto Real Estate Board (TREB) Average Prices and GraphFor more information please contact A. Mark ArgentinoA. Mark Argentino, Broker, P.Eng.,Specializing in Residential & Investment Real EstateRE/MAX Realty Specialists Inc., Brokerage2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1BUS. 905-828-3434FAX. 905-828-2829E-MAIL: mark@mississauga4sale.comWebsite: Mississauga4Sale.com


  1. Thank you for sharing this very interesting and informative post about mortgages. Real estate experts says that it will dramatically increase its rates next year.

  2. Its a great time to lock in at a historically low price. The rates are going to creep upwards from this point on it seems.