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Fixed vs. Variable Mortgages in Canada: Which Should You Choose Right Now?

  Mortgages | Personal Finance | June 2026 Variable rates sit at 3.30% while fixed rates have climbed above 4%. The Bank of Canada is frozen between inflation and recession. Here's what that means for your mortgage decision today. By MoneySavings.ca Staff  |   June 26, 2026 📊 Today's Best Mortgage Rates — June 26, 2026 Type Term Lowest Rate (Broker) Big Bank Range Variable 5-Year ~3.30% ~3.50–4.00% Fixed (Insured) 5-Year ~4.04% ~4.50–5.20% Fixed (Conventional) 5-Year ~3.94% Higher Bank of Canada Policy Rate 2.25%  |  Prime Rate: 4.45% Sources: NerdWallet Canada, Ratehub.ca, WOWA.ca, bestrates.ca. Rates as of June 26, 2026. Broker rates require qualification; Big Bank rates are estimates. Your actual rate depends on your credit score, down payment, and mortgage type. If you're buying a home, renewing a mortgage, or simply trying to make sense of an unusually complex rate environment, you've arrived at the right question at a complicated moment. The Canadian...

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Rising Tensions: Israel's Airstrikes in Southern Lebanon Spark Concerns

In a significant escalation, Israel launched dozens of airstrikes on southern Lebanon, marking one of its most intense bombardments since the ceasefire that ended last year's conflict with Hezbollah. The Israeli military stated that the strikes targeted Hezbollah infrastructure in the region, though the group has previously claimed to have withdrawn its forces in accordance with the U.S.-brokered truce.

Lebanon's Health Ministry reported at least one fatality and eight injuries as a result of the attacks. Thick plumes of smoke were seen rising from the Nabatieh district, approximately 12 kilometers from the border, where the strikes were concentrated. The ceasefire agreement had stipulated that neither Hezbollah nor any other armed group should maintain weapons in areas near the border, yet both Lebanon and Israel have accused each other of failing to fully implement the deal.

The latest strikes come amid ongoing tensions, with Israel continuing to conduct airstrikes in southern Lebanon on a regular basis despite the ceasefire. The Lebanese government has condemned the attacks, warning that they could destabilize the region further. As the situation unfolds, international observers are closely monitoring developments, fearing that renewed hostilities could lead to a broader conflict.



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