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It depends on your risk tolerance. If you are even worrying about it, you probably should go fixed. I sleep fine with variable.
I also recommend shopping around. If you spend 10 seconds, ratehub has 5 year fixed for 2.47% and 5 year variable for 2.00%. A lot of banks will match if you show them a comparable rate.
I got a mortgage 3 years ago at prime -.9. My updated mortgage agreement is now at 1.95% variable.
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