> There is absolutely no practical way in Canada to lock in a mortgage for long term fixed interest rates The UK is exactly the same. 5 years is actually prett

> There is absolutely no practical way in Canada to lock in a mortgage for long term fixed interest rates The UK is exactly the same. 5 years is actually pretty long in the UK at the moment, 2-3 years fixed then variable is common. It doesn't seem to harm house prices.