Longer-Term Mortgages Gaining Popularity

The majority of Canadians (74%) would opt for a medium-term or longer-term mortgage if they were to acquire, refinance or renew a mortgage today, according to a CIBC poll. That includes 27% who think now is the time to look beyond the traditional 5-year fixed mortgage for a term of up to 10 years. 47% would choose a medium-term mortgage (three […]