{"id":147,"date":"2026-04-02T20:30:53","date_gmt":"2026-04-02T20:30:53","guid":{"rendered":"https:\/\/donemortgage.ca\/blogs\/?p=147"},"modified":"2026-06-09T20:36:15","modified_gmt":"2026-06-09T20:36:15","slug":"fixed-vs-variable-mortgage-rates-canada","status":"publish","type":"post","link":"https:\/\/donemortgage.ca\/blogs\/fixed-vs-variable-mortgage-rates-canada\/","title":{"rendered":"Fixed vs Variable Mortgage Rates in Canada (2026): What Smart Borrowers Are Doing Right Now"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Fixed vs Variable Mortgage Rates Canada<\/strong> remains one of the biggest mortgage decisions facing borrowers in 2026. With fixed rates rising above 4% and variable rates still available below that level, understanding the pros, cons, and risks of each option is critical.<\/p>\n\n\n\n<div class=\"wp-block-rank-math-toc-block\" id=\"rank-math-toc\"><h2>Table of Contents<\/h2><nav><ul><li><a href=\"#fixed-vs-variable-mortgage-rate\">Fixed vs Variable Mortgage Rate<\/a><ul><li><a href=\"#fixed-vs-variable-mortgage-quick-comparison\">Fixed vs Variable Mortgage: Quick Comparison<\/a><\/li><li><a href=\"#who-should-choose-fixed-right-now\">Who Should Choose Fixed Right Now<\/a><\/li><li><a href=\"#who-should-consider-variable\">Who Should Consider Variable<\/a><\/li><li><a href=\"#the-strategy-most-smart-borrowers-use\">The Strategy Most Smart Borrowers Use<\/a><\/li><li><a href=\"#get-your-mortgage-options-reviewed-no-obligation\">Get Your Mortgage Options Reviewed (No Obligation)<\/a><\/li><\/ul><\/li><li><a href=\"#faq\">FAQ\u00a0<\/a><ul><\/ul><\/li><\/ul><\/nav><\/div>\n\n\n\n<h1 id=\"fixed-vs-variable-mortgage-rate\" class=\"wp-block-heading\"><strong>Fixed vs Variable Mortgage Rate<\/strong><\/h1>\n\n\n\n<p class=\"wp-block-paragraph\">Canadian mortgage rates are shifting again \u2014 and if you&#8217;re buying, refinancing, or renewing, the decision between fixed and variable rates just became more important.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Over the past week, <strong>5-year fixed mortgage rates increased by about 0.40%<\/strong> across major lenders. The reason is simple: rising Government of Canada bond yields, which lenders use to price fixed mortgages.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>5-year bond yield is now hovering around 3.1%<\/strong>, pushing fixed mortgage rates above <strong>4%<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile, <strong>variable mortgage rates remain as low as 3.35%<\/strong>, creating a gap of roughly <strong>0.70% between fixed and variable rates<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This leaves borrowers asking one key question:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Should you choose fixed or variable right now?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Let\u2019s break it down.<\/p>\n\n\n\n<h2 id=\"why-fixed-mortgage-rates-are-rising\" class=\"wp-block-heading\"><strong>Why Fixed Mortgage Rates Are Rising<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Fixed mortgage rates follow bond markets \u2014 not the Bank of Canada directly.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Current pressure comes from:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2022 Global geopolitical tensions<br>\u2022 Oil price uncertainty<br>\u2022 Inflation concerns<br>\u2022 Delayed central bank rate cuts<br>\u2022 Investor risk pricing<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When bond yields rise, lenders increase fixed rates to maintain margins.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is exactly what we are seeing now.<\/p>\n\n\n\n<h2 id=\"why-variable-mortgage-rates-still-look-attractive\" class=\"wp-block-heading\"><strong>Why Variable Mortgage Rates Still Look Attractive<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Variable rates are based on the <strong>Bank of Canada overnight rate<\/strong>, which has remained stable.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Because of this:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2022 Variable rates remain cheaper today<br>\u2022 Payment flexibility remains higher<br>\u2022 Penalties remain lower<br>\u2022 Conversion options remain available<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But cheaper does not mean safer.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If inflation persists, rate hikes remain possible.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Borrowers choosing variable must be financially prepared for payment increases.<\/p>\n\n\n\n<h2 id=\"fixed-vs-variable-mortgage-quick-comparison\" class=\"wp-block-heading\"><strong>Fixed vs Variable Mortgage: Quick Comparison<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Factor<\/strong><\/td><td><strong>Fixed Rate<\/strong><\/td><td><strong>Variable Rate<\/strong><\/td><\/tr><tr><td>Payment Stability<\/td><td>Very Stable<\/td><td>Can Change<\/td><\/tr><tr><td>Starting Rate<\/td><td>Higher<\/td><td>Lower<\/td><\/tr><tr><td>Risk Level<\/td><td>Low<\/td><td>Medium<\/td><\/tr><tr><td>Break Penalty<\/td><td>High<\/td><td>Low<\/td><\/tr><tr><td>Flexibility<\/td><td>Limited<\/td><td>High<\/td><\/tr><tr><td>Conversion Option<\/td><td>No<\/td><td>Yes<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 id=\"who-should-choose-fixed-right-now\" class=\"wp-block-heading\"><strong>Who Should Choose Fixed Right Now<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Fixed may make sense if:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2022 You want predictable payments<br>\u2022 Your budget is tight<br>\u2022 You dislike financial uncertainty<br>\u2022 You believe rates will increase<br>\u2022 You want long-term stability<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is the <strong>risk-management option<\/strong>.<\/p>\n\n\n\n<h2 id=\"who-should-consider-variable\" class=\"wp-block-heading\"><strong>Who Should Consider Variable<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Variable may make sense if:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2022 You can handle payment fluctuations<br>\u2022 You want lowest starting rate<br>\u2022 You may sell or refinance early<br>\u2022 You want flexibility<br>\u2022 You understand interest cycles<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is the <strong>optimization strategy<\/strong>.<\/p>\n\n\n\n<h2 id=\"the-strategy-most-smart-borrowers-use\" class=\"wp-block-heading\"><strong>The Strategy Most Smart Borrowers Use<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Experienced borrowers are not trying to predict markets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">They are:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Securing rate holds now.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A mortgage pre-approval allows you to:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2022 Lock today&#8217;s rates for up to 120 days<br>\u2022 Protect against increases<br>\u2022 Benefit if rates drop<br>\u2022 Buy time to decide<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is simply risk management.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Not speculation.<\/p>\n\n\n\n<h2 id=\"the-real-risk-most-borrowers-ignore\" class=\"wp-block-heading\"><strong>The Real Risk Most Borrowers Ignore<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The biggest mistake borrowers make:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Waiting.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mortgage markets move faster than most people expect.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Every 0.25% increase costs roughly:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>$15\u2013$18 per $100,000 borrowed monthly<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On a $700K mortgage:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That\u2019s about <strong>$105 more per month<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Waiting can be expensive.<\/p>\n\n\n\n<h2 id=\"what-done-mortgage-clients-are-doing-right-now\" class=\"wp-block-heading\"><strong>What Done Mortgage Clients Are Doing Right Now<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Borrowers working with Done Mortgage are currently:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2022 Securing rate holds<br>\u2022 Comparing fixed vs variable scenarios<br>\u2022 Stress testing payments<br>\u2022 Reviewing renewal strategies<br>\u2022 Structuring approvals early<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The goal is simple:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Control risk instead of reacting later.<\/strong><\/p>\n\n\n\n<h2 id=\"get-your-mortgage-options-reviewed-no-obligation\" class=\"wp-block-heading\"><strong>Get Your Mortgage Options Reviewed (No Obligation)<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Whether you&#8217;re:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2022 Buying<br>\u2022 Renewing<br>\u2022 Refinancing<br>\u2022 Self-employed<br>\u2022 Previously declined<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Getting a second opinion can save thousands.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Book a quick mortgage review and see your real options.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Check My Mortgage Options<\/strong><\/p>\n\n\n\n<h1 id=\"faq\" class=\"wp-block-heading\"><strong>FAQ&nbsp;<\/strong><\/h1>\n\n\n\n<h3 id=\"are-fixed-mortgage-rates-going-up-in-canada\" class=\"wp-block-heading\"><strong>Are fixed mortgage rates going up in Canada?<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Yes. Fixed rates are increasing due to rising bond yields driven by inflation concerns and global uncertainty.<\/p>\n\n\n\n<h3 id=\"are-variable-mortgage-rates-cheaper-right-now\" class=\"wp-block-heading\"><strong>Are variable mortgage rates cheaper right now?<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Yes. Variable rates remain lower than fixed rates, but carry risk if the Bank of Canada raises rates.<\/p>\n\n\n\n<h3 id=\"should-i-lock-my-mortgage-rate-now\" class=\"wp-block-heading\"><strong>Should I lock my mortgage rate now?<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If you are buying or renewing within 4 months, securing a rate hold is generally recommended to protect against increases.<\/p>\n\n\n\n<h3 id=\"can-i-switch-from-variable-to-fixed-later\" class=\"wp-block-heading\"><strong>Can I switch from variable to fixed later?<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Most lenders allow conversion from variable to fixed without penalty.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 id=\"links\" class=\"wp-block-heading\">Links<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a target=\"_blank\" rel=\"noreferrer noopener\">CMHC First-Time Home Buyer Incentive Information<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.canada.ca\/en\/financial-consumer-agency\/services\/buying-home.html?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener\">Government of Canada Home Buying Programs<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/donemortgage.ca\/blogs\/first-time-home-buyer-incentive-in-canada-is-it-actually-worth-it\/\">First-Time Home Buyer Mortgage<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/donemortgage.ca\/blogs\/rrsp-first-time-home-buyer-rules-canada\/\">FHSA Guide RRSP vs TFSA<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/donemortgage.ca\/blogs\/mortgage-broker-toronto\/\">Mortgage Broker Toronto<\/a><\/li>\n<\/ul>\n\n\n        <div class=\"rttpg-block-postgrid rttpg-block-wrapper rttpg-block-edbd26 tpg-filter-type-dropdown meta-visibility-show section-title-style-style1 img_hover_animation_default title-default title_position_default title_hover_border_default meta_position_default tpg-is-author-icon-default author-image-visibility-icon tpg-category-position-default readmore-btn-default-style grid-hover-overlay-type-always grid-hover-overlay-height-default hover-overlay-height-default tpg-title-border-default filter-nex-prev-btn-visible tpg-cat-style1 slider-scroll-hide act-label-style-inline\">\n            <div class=\"rt-container-fluid rt-tpg-container tpg-el-main-wrapper tpg-gutenberg clearfix grid-layout1-main\"\n                 id=\"rt-tpg-container-1840245804\"\n                 data-layout=\"grid-layout1\"\n                 data-grid-style=\"tpg-full-height\" data-sc-id=\"elementor\"\n                 data-el-settings=''\n                 data-el-query=''\n                 data-el-path=''>\n\t\t\t\t                <div class='tpg-header-wrapper '>\n\t\t\t\t\t\n        <div class=\"tpg-widget-heading-wrapper rt-clear heading-style1 \">\n            <span class=\"tpg-widget-heading-line line-left\"><\/span>\n\t\t\t<h2 class='tpg-widget-heading'>\n\t\t\t            <a href=\"#\"  >\n\t\t\t\t\n\t\t\t\t                    <span>\n\t\t\t\t\t\tBlog&#039;s\t\t\t\t\t<\/span>\n\t\t\t\t\t\n\t\t\t\t            <\/a>\n\n\t\t\t\t\t<\/h2>            <span class=\"tpg-widget-heading-line line-right\"><\/span>\n\n\t\t\t\n        <\/div>\n\n\t\t\n\t\t                <\/div>\n\n                <div class=\"rt-row rt-content-loader gutenberg-inner grid-layout1 grid-behaviour tpg-full-height grid_layout_wrapper\">\n\t\t\t\t\t\n<div class=\"rt-col-md-4 rt-col-sm-6 rt-col-xs-12 default rt-grid-item post-295 post type-post status-publish format-standard has-post-thumbnail hentry category-mortgage\"\t\tdata-id=\"295\">\n\t<div class=\"rt-holder tpg-post-holder \">\n\t\t<div class=\"rt-detail rt-el-content-wrapper\">\n\t\t\t\t\t\t\t<div class=\"rt-img-holder tpg-el-image-wrap has-thumbnail\">\n\t\t\t\t\t<a data-id=\"295\" href=\"https:\/\/donemortgage.ca\/blogs\/minimum-down-payment-ontario\/\" class=\"tpg-post-link\" target=\"_self\">                        <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/07\/Minimum-Down-Payment-Ontario-2026-guide-showing-5-10-and-20-rules.webp\"\n                             class=\"rt-img-responsive\"\n                             width=\"768\"\n                             height=\"512\"\n                             alt=\"Minimum Down Payment Ontario 2026 guide showing 5%, 10% and 20% rules\">\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\n\t\t<\/a>\n\t\t        <div class=\"overlay grid-hover-content\"><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\n\t\t\t<div class=\"entry-title-wrapper\"><h3 class=\"entry-title\"><a data-id=\"295\" href=\"https:\/\/donemortgage.ca\/blogs\/minimum-down-payment-ontario\/\" class=\"tpg-post-link\" target=\"_self\">Minimum Down Payment in Ontario: Rules, Examples and Common Mistakes<\/a><\/h3><\/div>\n\t\t\t\n\t\t\t\t<div class=\"post-meta-tags rt-el-post-meta\">\n\t\t\t\t\t            <span class=\"author \">\n\n\t\t\t\t<i class=\"fa fa-user \"><\/i><span class=\"author-prefix\">By<\/span><a href=\"https:\/\/donemortgage.ca\/blogs\/author\/donemortgage_blogs\/\">Swati Malik<\/a>\t\t\t<\/span>\n\t\t\t            <span class=\"categories-links\">\n\t\t\t\t<i class=\"fas fa-folder-open \"><\/i><a class=\"mortgage\" href=\"https:\/\/donemortgage.ca\/blogs\/category\/mortgage\/\">Mortgage<\/a>\t\t\t<\/span>\n\t\t\t            <span class=\"date\">\n\t\t\t\t<i class=\"far fa-calendar-alt \"><\/i>\t\t\t\t                    <a href=\"https:\/\/donemortgage.ca\/blogs\/2026\/07\/22\/\">\n\t\t\t\t\tJuly 22, 2026\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\t<div class=\"tpg-excerpt tpg-el-excerpt\">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"tpg-excerpt-inner\">\n\t\t\t\t\t\t\tThe minimum down payment in Ontario depends on the purchase price of the home. It is not always a&#8230;\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t        <div class=\"post-footer\">\n            <div class=\"post-footer\">\n                <div class=\"read-more\">\n\t\t\t\t\t<a data-id=\"295\" href=\"https:\/\/donemortgage.ca\/blogs\/minimum-down-payment-ontario\/\" class=\"tpg-post-link\" target=\"_self\">Read More<\/a>                <\/div>\n            <\/div>\n        <\/div>\n\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n<div class=\"rt-col-md-4 rt-col-sm-6 rt-col-xs-12 default rt-grid-item post-285 post type-post status-publish format-standard has-post-thumbnail hentry category-uncategorized\"\t\tdata-id=\"285\">\n\t<div class=\"rt-holder tpg-post-holder \">\n\t\t<div class=\"rt-detail rt-el-content-wrapper\">\n\t\t\t\t\t\t\t<div class=\"rt-img-holder tpg-el-image-wrap has-thumbnail\">\n\t\t\t\t\t<a data-id=\"285\" href=\"https:\/\/donemortgage.ca\/blogs\/fhsa-canada-how-contributions-tax-deductions-and-withdrawals-work\/\" class=\"tpg-post-link\" target=\"_self\">                        <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/07\/ChatGPT-Image-Jul-17-2026-03_52_05-AM.webp\"\n                             class=\"rt-img-responsive\"\n                             width=\"768\"\n                             height=\"512\"\n                             alt=\"FHSA Canada: How Contributions, Tax Deductions and Withdrawals Work\">\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\n\t\t<\/a>\n\t\t        <div class=\"overlay grid-hover-content\"><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\n\t\t\t<div class=\"entry-title-wrapper\"><h3 class=\"entry-title\"><a data-id=\"285\" href=\"https:\/\/donemortgage.ca\/blogs\/fhsa-canada-how-contributions-tax-deductions-and-withdrawals-work\/\" class=\"tpg-post-link\" target=\"_self\">FHSA Canada: How Contributions, Tax Deductions and Withdrawals Work<\/a><\/h3><\/div>\n\t\t\t\n\t\t\t\t<div class=\"post-meta-tags rt-el-post-meta\">\n\t\t\t\t\t            <span class=\"author \">\n\n\t\t\t\t<i class=\"fa fa-user \"><\/i><span class=\"author-prefix\">By<\/span><a href=\"https:\/\/donemortgage.ca\/blogs\/author\/donemortgage_blogs\/\">Swati Malik<\/a>\t\t\t<\/span>\n\t\t\t            <span class=\"categories-links\">\n\t\t\t\t<i class=\"fas fa-folder-open \"><\/i><a class=\"uncategorized\" href=\"https:\/\/donemortgage.ca\/blogs\/category\/uncategorized\/\">Uncategorized<\/a>\t\t\t<\/span>\n\t\t\t            <span class=\"date\">\n\t\t\t\t<i class=\"far fa-calendar-alt \"><\/i>\t\t\t\t                    <a href=\"https:\/\/donemortgage.ca\/blogs\/2026\/07\/16\/\">\n\t\t\t\t\tJuly 16, 2026\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\t<div class=\"tpg-excerpt tpg-el-excerpt\">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"tpg-excerpt-inner\">\n\t\t\t\t\t\t\tSaving for a first home has never been easy, particularly in Ontario where home prices remain well&#8230;\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t        <div class=\"post-footer\">\n            <div class=\"post-footer\">\n                <div class=\"read-more\">\n\t\t\t\t\t<a data-id=\"285\" href=\"https:\/\/donemortgage.ca\/blogs\/fhsa-canada-how-contributions-tax-deductions-and-withdrawals-work\/\" class=\"tpg-post-link\" target=\"_self\">Read More<\/a>                <\/div>\n            <\/div>\n        <\/div>\n\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n<div class=\"rt-col-md-4 rt-col-sm-6 rt-col-xs-12 default rt-grid-item post-284 post type-post status-publish format-standard has-post-thumbnail hentry category-uncategorized\"\t\tdata-id=\"284\">\n\t<div class=\"rt-holder tpg-post-holder \">\n\t\t<div class=\"rt-detail rt-el-content-wrapper\">\n\t\t\t\t\t\t\t<div class=\"rt-img-holder tpg-el-image-wrap has-thumbnail\">\n\t\t\t\t\t<a data-id=\"284\" href=\"https:\/\/donemortgage.ca\/blogs\/first-time-home-buyer-in-ontario-programs-down-payment-and-closing-costs\/\" class=\"tpg-post-link\" target=\"_self\">                        <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/07\/First-Time-Home-Buyer-in-Ontario.webp\"\n                             class=\"rt-img-responsive\"\n                             width=\"768\"\n                             height=\"512\"\n                             alt=\"First-Time-Home-Buyer-in-Ontario\">\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\n\t\t<\/a>\n\t\t        <div class=\"overlay grid-hover-content\"><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\n\t\t\t<div class=\"entry-title-wrapper\"><h3 class=\"entry-title\"><a data-id=\"284\" href=\"https:\/\/donemortgage.ca\/blogs\/first-time-home-buyer-in-ontario-programs-down-payment-and-closing-costs\/\" class=\"tpg-post-link\" target=\"_self\">First-Time Home Buyer in Ontario: Programs, Down Payment and Closing Costs<\/a><\/h3><\/div>\n\t\t\t\n\t\t\t\t<div class=\"post-meta-tags rt-el-post-meta\">\n\t\t\t\t\t            <span class=\"author \">\n\n\t\t\t\t<i class=\"fa fa-user \"><\/i><span class=\"author-prefix\">By<\/span><a href=\"https:\/\/donemortgage.ca\/blogs\/author\/donemortgage_blogs\/\">Swati Malik<\/a>\t\t\t<\/span>\n\t\t\t            <span class=\"categories-links\">\n\t\t\t\t<i class=\"fas fa-folder-open \"><\/i><a class=\"uncategorized\" href=\"https:\/\/donemortgage.ca\/blogs\/category\/uncategorized\/\">Uncategorized<\/a>\t\t\t<\/span>\n\t\t\t            <span class=\"date\">\n\t\t\t\t<i class=\"far fa-calendar-alt \"><\/i>\t\t\t\t                    <a href=\"https:\/\/donemortgage.ca\/blogs\/2026\/07\/16\/\">\n\t\t\t\t\tJuly 16, 2026\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\t<div class=\"tpg-excerpt tpg-el-excerpt\">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"tpg-excerpt-inner\">\n\t\t\t\t\t\t\tBuying your first home usually becomes real long before you receive the keys. It may start when you&#8230;\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t        <div class=\"post-footer\">\n            <div class=\"post-footer\">\n                <div class=\"read-more\">\n\t\t\t\t\t<a data-id=\"284\" href=\"https:\/\/donemortgage.ca\/blogs\/first-time-home-buyer-in-ontario-programs-down-payment-and-closing-costs\/\" class=\"tpg-post-link\" target=\"_self\">Read More<\/a>                <\/div>\n            <\/div>\n        <\/div>\n\t\t\t\t<\/div>\n\t<\/div>\n<\/div>                <\/div>\n\n\t\t\t\t\n            <\/div>\n        <\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Fixed vs Variable Mortgage Rates Canada remains one of the biggest mortgage decisions facing borrowers in 2026. With fixed rates rising above 4% and variable rates still available below that level, understanding the pros, cons, and risks of each option is critical. Fixed vs Variable Mortgage Rate Canadian mortgage rates are shifting again \u2014 and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":235,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage"],"rttpg_featured_image_url":{"full":["https:\/\/donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/04\/Fixed-vs-Variable-Mortgage-Rates.webp",1536,1024,false],"landscape":["https:\/\/donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/04\/Fixed-vs-Variable-Mortgage-Rates.webp",1536,1024,false],"portraits":["https:\/\/donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/04\/Fixed-vs-Variable-Mortgage-Rates.webp",1536,1024,false],"thumbnail":["https:\/\/donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/04\/Fixed-vs-Variable-Mortgage-Rates.webp",150,100,false],"medium":["https:\/\/donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/04\/Fixed-vs-Variable-Mortgage-Rates.webp",300,200,false],"large":["https:\/\/donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/04\/Fixed-vs-Variable-Mortgage-Rates.webp",1024,683,false],"1536x1536":["https:\/\/donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/04\/Fixed-vs-Variable-Mortgage-Rates.webp",1536,1024,false],"2048x2048":["https:\/\/donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/04\/Fixed-vs-Variable-Mortgage-Rates.webp",1536,1024,false]},"rttpg_author":{"display_name":"Swati Malik","author_link":"https:\/\/donemortgage.ca\/blogs\/author\/donemortgage_blogs\/"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/donemortgage.ca\/blogs\/category\/mortgage\/\" rel=\"category tag\">Mortgage<\/a>","rttpg_excerpt":"Fixed vs Variable Mortgage Rates Canada remains one of the biggest mortgage decisions facing borrowers in 2026. With fixed rates rising above 4% and variable rates still available below that level, understanding the pros, cons, and risks of each option is critical. Fixed vs Variable Mortgage Rate Canadian mortgage rates are shifting again \u2014 and&hellip;","_links":{"self":[{"href":"https:\/\/donemortgage.ca\/blogs\/wp-json\/wp\/v2\/posts\/147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/donemortgage.ca\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/donemortgage.ca\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/donemortgage.ca\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/donemortgage.ca\/blogs\/wp-json\/wp\/v2\/comments?post=147"}],"version-history":[{"count":2,"href":"https:\/\/donemortgage.ca\/blogs\/wp-json\/wp\/v2\/posts\/147\/revisions"}],"predecessor-version":[{"id":236,"href":"https:\/\/donemortgage.ca\/blogs\/wp-json\/wp\/v2\/posts\/147\/revisions\/236"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/donemortgage.ca\/blogs\/wp-json\/wp\/v2\/media\/235"}],"wp:attachment":[{"href":"https:\/\/donemortgage.ca\/blogs\/wp-json\/wp\/v2\/media?parent=147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/donemortgage.ca\/blogs\/wp-json\/wp\/v2\/categories?post=147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/donemortgage.ca\/blogs\/wp-json\/wp\/v2\/tags?post=147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}