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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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Air Canada Strike Ends as Tentative Deal Reached with Flight Attendants

                          An Air Canada aircraft sit parked at Vancouver International Airport, in Richmond, B.C., on Monday. 


After days of travel chaos and grounded flights, Air Canada and the Canadian Union of Public Employees (CUPE) have reached a tentative agreement to end the strike involving more than 10,000 flight attendants.

The breakthrough came after intensive mediator-assisted talks that stretched late into the night. CUPE confirmed the deal will be presented to members for a ratification vote, while Air Canada announced it will gradually resume operations, with the first flights expected to depart Tuesday evening.

The strike, which began on August 16, had forced the cancellation of hundreds of flights and disrupted travel for hundreds of thousands of passengers. While the airline aims to restore full service within 7–10 days, some cancellations will continue until schedules stabilize.

Union leaders say the agreement addresses key concerns over wages and compensation for unpaid duties, bringing them closer to parity with recent gains made by U.S. flight attendants. Air Canada CEO Michael Rousseau urged patience as crews and aircraft are repositioned, assuring customers that “everyone at Air Canada is doing everything possible” to get them flying again.

Travellers with confirmed bookings on operating flights are advised to proceed to the airport, while others should await rebooking updates.



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