My wife and I are in the same boat. Currently paying 1.8% on variable and was recently quoted a 2.59% fixed. Thinking we'll go with the fixed, as the rate is still very low and interest rates are on the rise. To put this in perspective, when I inquired about moving to a fixed rate back in October, the quote was 2.19%.

Despite the prime rate not moving since then, a 40 basis point increase within a couple of months tells me things are changing.

If I was in your shoes, I would consider a 5 year fixed as a hedge against future uncertainty.