02/20/2017 10:50 EST | Updated 02/20/2017 10:52 EST

5-Year Fixed-Rate Mortgages: Why Are They So Popular?

Term length is important to consider when shopping around for the best deal on your mortgage. In the video above, Frank Napolitano of Mortgage Brokers Ottawa explains why most people opt for a five-year mortgage.

Also on HuffPost

Canada's Best Cities With Houses Under $400K