
The federal government recently announced the end of insurable 35-year mortgages, leaving new buyers to take on amortization periods of 30 years or less. The move was made to help lower household debt in Canada, and makes it more expensive on a monthly basis to own a home.
Source: Steve Ladurantaye — Real Estate Reporter
From Wednesday's Globe and Mail
Published Tuesday, Feb. 15, 2011 9:41AM EST
Last updated Tuesday, Feb. 15, 2011 9:43PM EST
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