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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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Coalition Crisis Deepens as Netanyahu Faces Ultra-Orthodox Revolt

Israeli Prime Minister Benjamin Netanyahu is grappling with a fresh political crisis after the ultra-Orthodox United Torah Judaism (UTJ) party announced its departure from the ruling coalition over a contentious military conscription bill.

The dispute centers on long-standing exemptions from mandatory military service for ultra-Orthodox seminary students—a privilege increasingly criticized by secular Israelis, especially amid the ongoing war in Gaza. UTJ’s resignation, set to take effect within 48 hours, leaves Netanyahu with a razor-thin one-seat majority in the Knesset. The larger Shas party, also ultra-Orthodox, may follow suit, potentially stripping the government of its parliamentary control.

This political shakeup comes at a critical juncture, as ceasefire negotiations with Hamas continue in Qatar. Netanyahu is under pressure from far-right coalition partners who oppose any truce, while public fatigue over the 21-month conflict grows.

Despite the turmoil, Netanyahu may still have time to broker a compromise. Parliament’s upcoming summer recess offers a temporary reprieve, giving the prime minister several months to stabilize his coalition before any formal collapse.



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