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Fixed vs. Variable Rate Mortgages in Ontario: Which One’s Right for You?
June 16, 2025 | Posted by: Cecile Morell
It’s the ultimate Canadian mortgage debate—fixed or variable? Both have pros and cons, and The Mortgage Boss is here to break it down for Ontario homebuyers.
Fixed-rate mortgages offer stability. Your rate and payment won’t change, no matter what the Bank of Canada does. If you're someone who values predictability (and who doesn't in 2025?), this is a great option. It’s especially appealing in volatile economic times.
Variable-rate mortgages typically start lower, but your rate (and payment) can fluctuate. This works well if you have some wiggle room in your budget and you’re betting on rates staying low—or dropping.
So which is better? The truth: it depends on your risk tolerance and financial goals. And that’s where The Mortgage Boss comes in. We analyze your entire situation and help you choose a mortgage that works for you, not the lender.
Ontario buyers are facing a unique market right now—higher home prices in urban areas, more affordability in smaller towns. Picking the right mortgage product could save you thousands.
Don’t leave this decision to chance or generic bank advice. Work with The Mortgage Boss and get a custom recommendation that puts your goals first.
