Hi Tommy,
There are lenders now that are offering less than 3% for 5 year terms. Available for primary residents only, and some other restrictions do apply.
Give me a call and I'd be happy to look at some options for you.
My personal opinion, if you can get the same rate for variable or fixed, go with the fixed. But plan ahead to avoid payment shock at the end of the next term. Rates will go up, it's just a matter of when. During a call, I can demonstrate your potential savings through managing your mortgage effectively.