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The Most Popular Canadian Mortgage Terms

According to the Canadian Institute of Mortgage Brokers and Lenders

  • 66% of Canadians with mortgages choose a fixed-rate
  • 22% choose a variable rate
  • 12% select a combination of the two
  • The most popular mortgage term is 5 years.
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Last modified: November 24, 2006

Robert McLister is one of Canada’s best-known mortgage experts. A mortgage columnist for The Globe and Mail, interest rate analyst and editor of MortgageLogic.news, Rob has been covering Canada's mortgage market since 2007.

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