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Old 12-15-2017, 10:54 AM
AndrewM AndrewM is offline
 
Join Date: Sep 2008
Location: NW Calgary
Posts: 2,785
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Here is the 2006-2017 variable vs fixed rates. The only time where fixed had a chance to outperform variable was if you took a 5 year fixed in November 2016 and variable rates went up from today. Historically it hasn't happened but just because it happened in the past doesn't mean it will happen in the future. If you like the idea of a 5 year fixed, take a variable and make the same payment.

https://www.ratehub.ca/variable-or-fixed-mortgage
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