10/09/2026
Canada Mortgage Rates Today: 4.09% Fixed vs. 3.30% Variable
Comparing Canada’s lowest five-year fixed mortgage rate (4.09%) to the lowest variable rate (3.30%) often leads to one big question: which is right for you? For a $500,000 mortgage, choosing a fixed rate right now means paying about $211 more per month than going variable. Fixed rates move with bond yields, while variable rates track the central bank.
I’ve guided more than 210 clients—first-time buyers, newcomers, self-employed, and investors—through decisions like this, and I know how overwhelming the options can seem. My nursing background taught me the value of patience and clear explanations, especially when the stakes feel high. If you’re weighing stability against flexibility, or just want the numbers laid out in plain English, you’re not alone. My goal is to help you understand what these rates mean for your specific situation, so you can move forward with confidence and no pressure.
https://www.roomvu.com/agent-news/anna-kutepov/2057332-Canada-Mortgage-Rates-Today%3A-4.09%25-Fixed-vs.-3.30%25-Variable