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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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Future-Proofing Paradise: €35 Billion Needed to Sustain Greek Islands by 2035

                                            Santorini

The Greek islands, long celebrated as jewels of global tourism, face a critical challenge: without significant infrastructure upgrades, their appeal could falter in the coming decade. A new study by the National Bank of Greece (NBG) estimates that €35 billion in investment is required by 2035 to safeguard the islands’ competitiveness on the world stage.

The report highlights urgent needs across transport, energy, water, and waste management systems, all of which are under mounting pressure from rising visitor numbers. Nearly half of all foreign tourists to Greece choose the islands, underscoring their central role in the nation’s economy.

But the challenge extends beyond financing. The NBG stresses the importance of a modern governance framework to coordinate priorities, allocate resources effectively, and ensure that funds translate into integrated, sustainable projects.

As global tourism competition intensifies, the study frames this investment not as optional, but as essential to preserving the islands’ status as a premier destination while ensuring long-term resilience.


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