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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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Europe Grinds to a Halt as Deep Freeze Triggers Massive Travel Disruptions

                                        KLM scraps 600 flights in Amsterdam on Wednesday as snow continues

A powerful cold snap sweeping across Europe has forced widespread cancellations of flights and trains, with conditions expected to worsen through Wednesday. Heavy snowfall, freezing temperatures, and hazardous travel conditions have already caused days of disruption across the continent, and authorities warn that the situation may deteriorate further.

Severe Weather Shuts Down Air Travel

Dutch carrier KLM announced it will cancel 600 flights at Amsterdam Schiphol Airport on Wednesday as it struggles with persistent snow and freezing conditions. Schiphol, one of Europe’s busiest hubs, has been heavily affected since Friday, with thousands of flights disrupted and de‑icing operations running around the clock.

Officials in the Netherlands have urged residents to stay home where possible, anticipating another blizzard overnight. KLM has also reported pressure on its supply of de‑icing fluid as crews work continuously to keep aircraft operational.

Rail and Road Networks Also Impacted

The extreme cold has not only grounded aircraft but also slowed rail services and blocked major roads across Europe. Trains are running late or being cancelled outright as snow accumulates on tracks and visibility drops. Several countries are bracing for additional snowfall in the coming days, raising concerns about further delays and safety risks.

Outlook

Meteorologists expect the cold snap to persist, bringing more snow and travel complications. Travellers across Europe are being advised to check schedules frequently, anticipate delays, and avoid non‑essential journeys until conditions improve.


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