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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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Tragedy Sparks Reform: B.C. Premier Eby Announces Mental Health Act Overhaul

In the wake of the devastating Lapu-Lapu Day festival attack in Vancouver, which claimed 11 lives and left many injured, Premier David Eby has pledged to review and reform British Columbia's Mental Health Act. The suspect, who was under mental health care supervision, has raised concerns about the adequacy of current legislation in preventing such tragedies.

Eby emphasized the need for a comprehensive review to address gaps in the system and ensure public safety. Health Minister Josie Osborne will lead the initiative, supported by experts in psychiatry and concurrent disorders. While the timeline for the review remains unclear, the urgency of the matter has been underscored by calls for action from community leaders and officials.

This tragic incident has ignited a broader conversation about mental health care and public safety in the province, with many advocating for reforms that balance individual rights with community protection. The review aims to provide solutions that prevent future incidents while supporting those in need of mental health care.

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