Fixed vs Variable in Today’s Market: Is It Finally Safe to Switch?

For the last few years, choosing between a fixed and variable mortgage has felt a bit like choosing between jumping into cold water or staying on the dock and hoping the sun comes out. Neither option felt great… and nobody wanted surprises.

But 2025 has finally brought something we haven’t seen in a while: stability. Inflation is down, the Bank of Canada has softened its tone, and rate cuts are either happening or being priced into the market.

That shift has sparked the big question again:

Is it finally safe to switch to a variable mortgage?