The 35-year mortgage is now here - 2006-03-17
Late last month, the Canada Mortgage and Housing Corporation unveiled a pilot project that would permit Canadians to take out 30-year mortgages, five years more from the traditional 25. Canada's other main player in the multi-billion-dollar mortgage business, Genworth Financial, raised the ante Thursday, declaring the 35-year mortgage plan.
Read the full story at Global National