10/13/2026
Fixed or Variable? How to Choose a Mortgage After the September Rate Hold
With the Bank of Canada pausing its policy rate at 2.25%, many homeowners are weighing whether to lock in a fixed-rate mortgage or consider a variable option as fixed rates edge higher. Fixed rates provide predictability—your payments stay the same, no matter what. Variable rates might open with a lower payment, but in an inflationary environment, there’s always the risk of increases down the line. Over two decades in the mortgage world have taught me that there’s no one-size-fits-all answer here. The right choice comes down to a clear-eyed look at your financial picture, your comfort with risk, and your long-term plans. My approach has always been about offering clarity and practical solutions, whether you’re exploring traditional, private, or alternative lending paths. The best mortgage is the one that matches your real needs—with transparency and a steady hand to guide you.
