04 Dec 30-year mortgage amortizations are taking over: Four reasons why from @Globeandmail
Once upon a time, 25 years was the standard amortization on a Canadian mortgage. Today, no less than 63 per cent of new low-ratio mortgages by value, have amortizations over 25 years. That's a surge of 11 percentage points in just two years. Meanwhile, six in 10...