This is a chart from one of our more popular lenders. Firstline is a division of CIBC Bank, we use them for the niche products they offer.
Take what you want to from the chart below, I just wanted to provide it for informations sake. If a borrower were to ask me today whether I would recommend a fixed or variable rate, I would say fixed. Only because; Yes, historically variable rates have seen savings over fixed rates, but with fixed rates still ridiculously low and variable rate discounts disappearing, they are starting to get closer in terms of predicted interest costs over the next 5 years.