CMT Team·General·March 19, 20075-Year Mortgages Still #1 Two-thirds of Canadians get 5-year fixed rate mortgages, according to CIMBL. Funny enough, this flies in the face of the top academic studies on the topic–which suggest that variable rate mortgages are the best bet. (Thank you to RedFrog for the study summary.) Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.