Yes, Hutchison's ERA is 5.19 after 19 starts. His 9-2 win-loss record is a reflection of the massive run support he's had in his games. But his FIP is only 3.75. His strikeout rate is more than decent (8.13 K/9) and his walk rate is better than in 2014 (2.77 BB/9).
The projection systems ZiPS and Steamer both see his .350 BABIP being much too high and expecting a .311 BABIP going forward. The systems see him as a league-average starting pitcher going forward (4.11 ERA/3.92 FIP). That's pretty realistic, meaning that Hutchison should be a strong presence in the Jays' rotation going forward. With a reverse in batted-ball luck, he could even masquerade as an ace. Toronto hopes that will be the case.