Canada Mortgage Rates 2026: Fixed vs Variable – What’s Better?

2026 Canadian Rate Overview

Average 5-year fixed rates in Canada hover around 5.1% – 5.8% this year.

Fixed vs Variable

Fixed mortgages offer payment stability, while variable rates may provide savings if rates decline mid-year.

Housing Market Outlook

Urban centers like Toronto and Vancouver remain sensitive to rate fluctuations.

Recommendation: Stress-test your budget before choosing a mortgage product.