Canadians love 5 year financially responsible plans74% of Canadians like a 5 year financially responsible plans
BTE has provided a great one
"Why are 5-year fixed rates so popular?
The 5-year fixed term has long been Canadas favourite.
A whopping 74% of all Canadian mortgages were fixed rates according to a 2020 report by Mortgage Professionals Canada. The majority of those being 5-year terms."
Reference: https://rates.ca/mortgage-rates/5-year-fixed#5yearfixedpopular