I need to renew my mortgage (canada)

Bank offered:

A) variable 6.25% 5y

B) fixed 4.99% 3y

I'm leaning towards B) but that is an offer that existed before the 0.25 cut... which makes me wonder if they are gonna propose a better or worst deal soon?

I could also probably switch to an online lender like Nesto and get better rates, but this include some hassles.

#finance #econ