Ottawa expands 30-year mortgage eligibility

Ottawa is expanding 30-year mortgage eligibility in an attempt to make housing more affordable. Margot Rubin reports.

[@Vengeance8888]

Save 10 years to get down payment from 20-30. Then use the rest of your life to pay for 30 year mortgage. lol

[@zomgoose]

This is for the banks and homebuilders, not homebuyers. This is a terrible policy.

[@Lpmeff]

very dangerous and very foolish

[@Canadian_Eh_I]

that never stopped this government.

[@goylanddefree80]

more record profits for banks

[@Canadian_Eh_I]

oh yeah baby

[@Chain987]

More interest to the bank. Touchdown.

[@Canadian_Eh_I]

I'm a millenial I want 1000 year mortgages !

[@beautanner8409]

Great - easier to take on more debt. That's their approach to dealing with these obscenely distorted housing prices... make it easier to take on more debt.

[@bluefalcon0001]

Lawmakers helping the builders sell their vacant homes that no one is buying right now.

[@thor4644]

Us it’s comin 30 years

[@Tacoma-W]

Just make it 50yr mortgages to call it Affordable

[@pavelrutkevich3917]

We used to have 30 and we cut that down. Why do you think we did that And now they wanna make it back to 30 years in this case one not make it 40 or 50 ..

[@Canadian_Eh_I]

why not 100 like Japan?

[@nastyvinylcunter1366]

Trudeau's Canada

[@freestylefranc2653]

jokes