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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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Your daily horoscope: November 18, 2025

 

You can see with the utmost clarity the choices that must be made over the coming year, but not everyone has your talent for foresight, so help friends and loved ones with their plans as well. Their journeys are intimately connected to your own.

ARIES (March 21 - April 20):

Your financial situation needs seeing to and with Mercury about to move back into the wealth area of your chart the decisions you make had better be right. A lot rests on what your next move is going to be, so give it some very deep thought.

TAURUS (April 21 - May 21):

You may not see eye-to-eye with a colleague or friend but what of it? If they want to accompany you on your current journey then welcome them with open arms, but if they have doubts just tell them you will see them later.

GEMINI (May 22 - June 21):

You need to take life at a more leisurely pace. Stop fretting that if you don’t surge ahead now, right this very minute, your rivals will leave you far behind, because it isn’t true. Go and read the story about the tortoise and the hare.

CANCER (June 22 - July 23):

If you have something to say that won’t go down well with the people you work with then promise yourself right now that you won’t sugarcoat it. Get straight to the point and make it clear you are in no mood to be forgiving.

LEO (July 24 - Aug. 23):

It may seem as if someone is behaving badly just to get under your skin but according to the planets they have their reasons for being difficult. If you find out what those reasons are you will also find there is some common ground between you.

VIRGO (Aug. 24 - Sept. 23):

Quit worrying and concentrate instead on the things in life that put a smile on your face. That is the message of the stars today and if you follow it then so many of your so-called problems will just fade away. Focus on having fun.

LIBRA (Sept. 24 - Oct. 23):

You can be a bit too laidback at times and that could be a problem today if you assume that a situation will work itself out for the best. If you refuse to engage with it that problem could very quickly turn into a crisis.

SCORPIO (Oct. 24 - Nov. 22):

You need to make more of an effort to get along with people whose outlook and attitude you don’t much admire. As one of the zodiac’s “fixed” signs you seem to believe that others should adapt themselves to you, but that’s expecting too much.

SAGITTARIUS (Nov. 23 - Dec. 21):

If your get up and go abandons you today that’s quite okay. If you don’t feel like making an effort then don’t. This is one of those days when if you kick back and do nothing you will be fired up to take on the world tomorrow.

CAPRICORN (Dec. 22 - Jan. 20):

If you are working on something as part of a team you must resist the urge to take control and tell everyone else what to do. Have your say by all means but let others have their say as well. Their plan may actually be better than yours.

AQUARIUS (Jan. 21 - Feb. 19):

What you want to do today and what you are expected to do will be two entirely different things. If you can accept that fact you should be able to fulfil your obligations and still have time to follow your own desires.

PISCES (Feb. 20 - Mar. 20):

You may want to be on the move today but there is a danger you could head off in a direction that brings problems rather than pleasure. On this occasion it might be better to sit tight and wait for others to make their way toward you.

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