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Canadians will be able to get 30-year mortgages starting August 1

Published 1 year, 6 months ago
Description

Canada’s Deputy Prime Minister Chrystia Freeland announced Monday that the federal government was changing the rules for allowable length of time for mortgages, extending it from 25 to 30 years starting Aug. 1, and thereby allowing for reduced monthly payments.

Guest: Angela Calla - Mortgage Expert, Dominion Lending Centres and host of The Mortgage Show on CKNW



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