5-7 years is a good compromise. 10-15 if you expect strong rate hikes.

What happens at term?

Renew (negotiable) or switch lender. Polia compares 6 months before maturity.

Mortgage

Fixed-rate mortgage

Rate locked 2-15 years — absolute predictability.

Fixed-rate mortgage locks your interest rate for 2-15 years. Maximum predictability. Trade-off: no benefit from rate drops, early exit penalty.

2, 3, 5, 7, 10, 15 years.

Updated daily, tracks interbank reference rates.

Which term to pick?: 5-7 years is a good compromise. 10-15 if you expect strong rate hikes.
What happens at term?: Renew (negotiable) or switch lender. Polia compares 6 months before maturity.

Variable rate indexed on SARON — typically cheaper on long-term average.

Finance your renovations: insulation, kitchen, bathroom, roof. Up to 80% LTV.

Rate locked 2-15 years — absolute predictability.