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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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Ben-Gvir’s Al-Aqsa Visit Sparks Tensions as He Demands ‘Complete Victory’ in Gaza

                Itamar Ben-Gvir at the Al-Aqsa Mosque compound during the Jewish holiday of Sukkot earlier today.

Israel’s far-right National Security Minister Itamar Ben-Gvir visited the Al-Aqsa Mosque compound on Wednesday, where he prayed and urged Prime Minister Benjamin Netanyahu to pursue what he called a “complete victory” over Hamas in Gaza.

The visit, coinciding with the Jewish holiday of Sukkot, reignited controversy around the sensitive holy site, revered by Muslims as the Noble Sanctuary and by Jews as the Temple Mount. Under a decades-old arrangement, Jews may visit but not pray at the site — a rule Ben-Gvir has repeatedly challenged.

In a video released by his Jewish Power party, Ben-Gvir declared: “We are the owners of the Temple Mount. I only pray that our prime minister will allow a complete victory in Gaza as well — to destroy Hamas, return the hostages, and achieve absolute victory.”

His remarks came as indirect negotiations between Israel and Hamas continued in Egypt over a potential ceasefire and the release of remaining hostages. Palestinian groups condemned the minister’s presence at Al-Aqsa as a deliberate provocation, while critics warned that such actions risk inflaming regional tensions.

Ben-Gvir, a key figure in Israel’s most right-wing coalition government, has previously threatened to quit unless Hamas is fully defeated. His latest visit underscores the deep political and religious fault lines surrounding both the Gaza conflict and Jerusalem’s most contested holy site.


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