Tag Archive: amortizations


Poloz Pushes Longer Mortgages

Three-decade-long mortgages are a mainstay in the U.S. mortgage market. But in Canada, 5-year fixed terms dominate the landscape. Forty-five per cent of mortgagors chose them last year, says the Bank of Canada. BoC chief Stephen Poloz wants to see that change. In what he termed a “call to arms,” he challenged the mortgage industry to think outside the five-year fixed....

Are 30-year Insured Amortizations Coming Back?

The Department of Finance is considering a return to 30-year amortizations on insured mortgages, says the Canadian Homebuilders’ Association (as reported in the Globe and Mail). The last time we had 30-year amortizations on insured mortgages was 2012. This time, however, only first-time buyers might get access to them. Called “extended amortizations,” 30-year payback periods are still available to anyone getting an...