Today's fixed vs variable mortgage rates
Ask about my rateCompare current fixed and variable pricing paths, then model the payment and qualification difference for your scenario.
Make a fair comparison
Understand the rate you’re looking at.
Fixed rates prioritize payment certainty; variable rates prioritize prime-linked flexibility and expose the borrower to rate movement. The better choice depends on cash-flow resilience, time horizon, likely early-exit events, penalty risk, and the actual spread available for the same borrower scenario—not a prediction about rates alone.
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.
- Choose fixed for
- Payment certainty and easier budgeting
- Choose variable for
- Rate-change tolerance and potential flexibility
- Model both
- Payment shock, penalties, and likely holding period
Before you accept an offer
- Side-by-side comparison of stability vs flexibility.
- Use calculators to stress test both options.
- Create a free account to save the comparison.
Clear answers
Before you decide
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.
Keep comparing
References
Use the regulator and consumer-agency guidance alongside the written terms of your lender’s offer.
Pragmatic Mortgage Lending · BC & Alberta
Find the rate that fits the whole mortgage.
We’ll review lender eligibility, penalties and flexibility alongside the payment.