Understanding Variable vs. Fixed Rates — and Why Variable May Be the Better Choice Now
June 22, 2026
Previous
Next
I want to see rates
Welcome
Whether you are a first-time buyer or an experienced buyer with excellent credit, Dominion Lending Centres has access to the very best products and rates available across Canada. Give us a call… we think you’ll be pleasantly surprised!
Get in TouchCurrent Rates
Our rates are always competitive and we pride ourselves on making sure that you get the best possible rate available to you. Check out our current rates below, compared to the competition.
Current Rates
Current variable mortgage rate is
3.70%
Current prime rate is
4.45%
-
- Terms
- Bank Rates
- Payment Per $100k
- Our Rates
- Payment Per $100k
- Savings
-
- 6 Months
- 7.89%
- $756.21
- 4.59%
- $558.49
- $197.72
-
- 1 Year
- 6.15%
- $648.75
- 4.59%
- $558.49
- $90.26
-
- 2 Years
- 5.44%
- $606.90
- 4.39%
- $547.37
- $59.53
-
- 3 Years
- 4.62%
- $560.16
- 4.34%
- $544.61
- $15.55
-
- 4 Years
- 6.01%
- $640.40
- 4.39%
- $547.37
- $93.03
-
- 5 Years
- 4.56%
- $556.81
- 4.39%
- $547.37
- $9.44
-
- 7 Years
- 6.41%
- $664.38
- 4.59%
- $558.49
- $105.89
-
- 10 Years
- 6.81%
- $688.72
- 4.59%
- $558.49
- $130.24
Some conditions may apply. Rates may vary from Province to Province. Rates subject to change without notice. Posted rates may be high ratio and/or quick close which can differ from conventional rates. *O.A.C. E.& O.E.
Calculators
Our Interactive Mortgage Calculators will allow you to explore your Mortgage options to make the right home financing decision.
Use NowHow to Apply
Applying for a mortgage couldn’t be easier. Just complete our secure application and we will be in touch shortly.
Apply NowDeb White has been assisting her clients with their mortgage needs since April 1999 and established White House Mortgages DLC in January 2005. As an award winning broker Deb prides herself on her ability to find the best rate for her clients’ mortgages and to find solutions to even the most difficult mortgage approval. With this in mind, Deb has been ranked in the top 75 brokers across Canada over the past 10 years. This is a testament to her dedication to the industry and to her clients.
Since opening White House Mortgages DLC has established itself as a leader in the Mortgage Brokerage industry receiving numerous awards including Best Mortgage Company in the North Okanagan 2012-2015 and 2017 by Okanagan Life Magazine. White House Mortgages was also names best of the best with the BOB awards held by Beach Radio. White House Mortgages DLC has grown to 7 locations in British Columbia with currently 25 Mortgage Brokers.
In addition to being business minded Deb is also community minded. Currently Deb is the President of CMBABC. Previously, Deb was on the board for Vernon Winter Carnival for 10 years and was the Chairperson for 5 years. Deb has also been the Director and Secretary of the Funtastic Sports Society, helped establish Carrol-ing For a Cause, has volunteered at the Knox Mountain Hill Climb for 27 years, has been on the board of directors for the Mortgage Broker’s Association of British Columbia and most recently supported Teens Count Too.
Deb and her husband Doug have 4 children and 7 grandchildren. When not working or volunteering Deb can be found spending time with her family and friends. In her spare time she enjoys camping, motor biking, sewing and running.
The largest purchase in a person’s lifetime is their home. Whether you are a first time home buyer, a home owner taking out equity for pleasure or investment or simply renewing your mortgage, Deb can provide you with professional unbiased advice to help in your mortgage decision making process.
Thank you for all the support and time you put into our family. I couldn’t be more happy with our new home and we have you to thank Deb.
CP
Deb has acted as my mortgage broker twice, both times she was able to get a rate far below what anybody else was offering.
Deb is professional, highly skilled and at the same time she is also relaxed and friendly, made is less confusing and intimidating process of Mortgage much less painful
I highly recommemd her to anybody and wouldn’t consider using anyone else in the future.
D.M.
My husband and I have dealt with Deb White twice now and would use her services again. We were very happy with the service Deb provided us and feel she went above and beyond to provide us the best possible interest rate and also worked quickly, providing us a lawyer recommended by her, to get our closing done rapidly. Even on her holiday she was in contact with us on several occasions to keep us updated on the status of our mortgage.
Her personality is upbeat, professional, and we always are treated like an old friend. We would recommend, and have recommended Deb to our friends and family.
Thank you Deb,
~S&L H~
Got an excellent fixed 5 year rate! Thanks Deb for everything! We will see you again.
R & S S
I would like to tell you that you got my life back! It was a shocker for me moving from Squamish to Lumby since I lived in the lower mainland all my life.
Coming to Lumby and not knowing anyone including bank institutions I was a little leery in getting a mortgage. I was to the point of going back to Squamish. Then I heard you on the radio. I called you and that with your knowledge and expertise you got me a mortgage and you got my life back.
I thank you again.
H B
Request a Call Back
Let us call you back when it's convenient for you!
Thanks for contacting us! We will get in touch with you shortly.
Free Mortgage Review
Find out how much your home is worth.
Thanks for contacting us! We will get in touch with you shortly.
Videos
DLC - Self Employed Mortgage Solution
DLC Mortgage Life Insurance Explained
DLC- Understanding Your Credit Report
DLC - Fixed VS Variable Rates
Keep up to date with the latest mortgage news
Sign up to our newsletter
Thanks for contacting us! We will get in touch with you shortly.