5-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.)

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Last modified: April 25, 2014

Robert McLister

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.