The Bank of Canada just slashed rates to 2.5% - the lowest in three years - but choosing between fixed and variable mortgages could cost you $25,000 over the next five years if you get it wrong. Alex breaks down the exact decision matrix he uses with clients, revealing why variable rates could save you $12,000 in some scenarios or lose you $10,000 in others, depending on what happens next. Plus, discover the three key questions you must answer to determine which mortgage strategy is right for your specific situation and why the "obvious" choice might be the costliest mistake you make.