04/02/2026
For the first time in a while, the fixed vs variable debate actually matters again.
After years of rising rates, we’re now in a more stable environment, and that’s changing how Canadians are thinking about their mortgage strategy.
Here’s what’s happening right now:
• Variable rates have stabilized alongside the Bank of Canada holding its policy rate
• Fixed rates are influenced by bond markets, which have levelled off and may even push rates slightly higher
• The gap between fixed and variable is much tighter than it was before
So what does that mean for buyers and homeowners?
Variable mortgages are starting to look more attractive again, especially for those who believe rates could come down over the next 12 to 24 months.
At the same time, fixed rates are still appealing for anyone who wants stability and protection from uncertainty.
This is where strategy matters more than ever. It’s no longer about choosing the lowest rate, it’s about choosing the right direction based on your timeline, risk tolerance, and financial goals.
In 2026, there’s no one size fits all answer, and that’s exactly why this conversation is back.
Feel free to give me a call if you have any questions, I am always happy to chat.
