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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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Trump Rules Out Meeting with Carney Amid Tariff Tensions

                                               Canadian Prime Minister Mark Carney

U.S. President Donald Trump has dismissed the possibility of meeting Canadian Prime Minister Mark Carney in the near future, telling reporters aboard Air Force One that it will be “a long time” before the two leaders sit down again.

The comments come as both leaders travel through Asia for separate engagements. Trump, en route to Japan, reiterated his frustration over an anti-tariff television ad aired in U.S. markets by the Ontario government. In response, he threatened to impose an additional 10 per cent tariff on Canadian goods, on top of existing levies.

Carney, attending the Association of Southeast Asian Nations summit in Malaysia, is expected to address the escalating trade dispute later this week. His government has signaled that Canada remains open to dialogue, despite Washington’s decision to suspend trade talks.

The latest exchange underscores the growing strain in U.S.-Canada relations, with tariffs and political messaging fueling uncertainty for industries on both sides of the border.


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