Fixed vs variable mortgage rates
Choosing between fixed and variable rates depends on your timeline, risk tolerance, and cash flow stability.
Use the rate explorer and the rate comparison calculator to model both paths.
Compare rates in the explorer
Use the live rate explorer to filter by term, rate type, and scenario details.
Highlights
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Side-by-side comparison of stability vs flexibility.
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Use calculators to stress test both options.
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Create a free account to save the comparison.
Source file
Reviewed rate context
This page is maintained by Pragmatic Mortgage Lending for Canadian borrowers comparing rate categories, lender fit, and product trade-offs. Rate tables can change without notice, so final advice still depends on the live lender file and approval conditions.
Reviewed by the Pragmatic Mortgage Lending broker team. Updated May 1, 2026.
Save and compare rates
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Frequently asked questions
Is a lower rate always better?
Not always. Penalties and features can change the real cost.
Can I hedge with a hybrid mortgage?
Yes. Some borrowers split a mortgage into fixed and variable portions.