Realty Executives Pioneers

If you currently have a variable-rate mortgage, you may be wondering whether now is the right time to switch to a fixed mortgage rate.

Just a couple of months ago, the mortgage-rate landscape looked different. Since then, many lenders have increased their fixed mortgage rates, while variable mortgage rates remain lower than many available fixed-rate options.

So, is switching from variable to fixed still the right move?

In this article and accompanying video, we take a closer look at the current fixed vs. variable mortgage rate conversation, why fixed rates have moved higher, and what variable-rate mortgage holders may want to consider before making a change.

Fixed vs. Variable: Why the Difference Matters

A fixed-rate mortgage provides payment and interest-rate certainty for the term of the mortgage, while a variable-rate mortgage can change as the underlying interest-rate environment changes.

When the gap between fixed and variable rates changes, the decision becomes more complicated.

For someone currently holding a variable mortgage, switching to a fixed rate may provide greater payment certainty—but it can also mean accepting a higher rate today.

Should You Lock Into a Fixed Rate?

There isn't one answer that works for every borrower.

Your decision can depend on:

• Your current variable mortgage rate

• The fixed rate being offered to you

• The remaining term of your mortgage

• Your mortgage balance

• Your financial situation

• Your comfort with changing payments

• Your expectations and plans over the next few years

In the video, I explain why if I were personally in this situation today, I would be inclined to remain variable and watch how the market develops.

However, that's a personal perspective—not financial advice or a recommendation for anyone else.

Every mortgage situation is different, and borrowers should consider their own circumstances before deciding whether to switch.

Don't Make the Decision Based on Rate Alone

The lowest advertised rate isn't necessarily the most suitable mortgage for everyone.

Before switching from variable to fixed, it's important to understand the rate difference, mortgage terms, prepayment privileges, penalties and potential costs of making the switch.

Sometimes the bigger question isn't simply:

“Which rate is lower?”

It may be:

“Which mortgage structure makes the most sense for my financial situation and risk tolerance?”

Watch the Full Video

In this video, I break down the current fixed vs. variable mortgage rate situation and explain what has changed recently and what variable-rate mortgage holders may want to think about before locking in.

Whether you're currently in a variable mortgage, considering a refinance, or simply trying to understand where mortgage rates are heading, this discussion can help you understand the factors that may influence your decision.

Important: This content is for general educational and informational purposes only and should not be considered financial advice. Mortgage rates and lender policies can change, and individual mortgage decisions should be based on your specific financial circumstances.

Questions about your mortgage options?

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DLC Mortgages are Marvellous

If you're thinking about buying or selling a home in Calgary, understanding the current market conditions is key to making the right decision. The Calgary real estate market continues to evolve in 2026, offering both opportunities and challenges depending on your goals.

📊 Current Market Overview in Calgary

Calgary remains one of the most attractive real estate markets in Canada due to its relative affordability, strong economy, and steady population growth. Compared to cities like Toronto and Vancouver, Calgary offers more value for buyers while still delivering solid long-term appreciation.

Low inventory in many communities continues to drive competition, especially in the detached and semi-detached segments. At the same time, rising interest rates have caused some buyers to be more cautious, balancing demand across the market.

🏡 What This Means for Buyers

If you're a buyer in Calgary right now, timing and preparation are everything.

Key tips for buyers:

• Get pre-approved before starting your search

• Be ready to act quickly on well-priced homes

• Consider emerging communities for better value

• Don’t skip home inspections—even in competitive situations

Despite market competition, Calgary still offers excellent entry points for first-time buyers and investors compared to other major Canadian cities.

💰 What This Means for Sellers

For sellers, the current market conditions are still favorable—but strategy matters more than ever.

What sellers should focus on:

• Pricing your home correctly from day one

• Professional staging and high-quality marketing

• Leveraging online exposure (especially video marketing)

• Choosing the right listing agent

Homes that are priced well and marketed properly are still selling quickly, often with strong offers.

📍 Top Communities to Watch in Calgary

Certain areas continue to stand out due to lifestyle, amenities, and long-term growth potential:

• SE Calgary (family-friendly and newer developments)

• SW Calgary (established neighborhoods with strong demand)

• NW Calgary (great for investors and rental potential)

Each area offers unique advantages depending on your budget and lifestyle.

📈 Is Now a Good Time to Buy or Sell?

The answer depends on your goals.

• Buyers: You still have an opportunity to enter a relatively affordable market before prices rise further.

• Sellers: With limited inventory, you can benefit from strong demand—if your home is positioned correctly.

Real estate is always local, and working with an experienced professional can make a significant difference in your results.

🤝 Work With a Calgary Real Estate Expert

Whether you're buying your first home, upgrading, or investing, having the right guidance is critical in today’s market.

If you're planning to make a move in Calgary, let’s connect and build a strategy tailored to your goals, timeline, and budget.