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Morneau Taking Close Look At Return To 30-year Insured Mortgages, Homebuilders’ Association Says

Morneau taking close look at return to 30-year insured mortgages, homebuilders’ association says

The federal government appears to be considering a budget announcement that would allow first-time homebuyers to obtain 30-year insured mortgages, up from the 25-year limit now, according to the Canadian Homebuilders’ Association.

Such a move would represent a change in direction after more than a decade of measures by federal Conservative and Liberal governments since the 2008 recession aimed at cooling housing markets and encouraging Canadians to take on smaller mortgages.

Published in the Globe and Mail on February 6, 2019. To read the entire article, click here

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