Ottawa to Allow 30-year Amortizations for First Time Buyers' Mortgages on New HomesBy Scott WestlakeApril 12, 20240 comments#FTHB #firsttimehomebuyer #mortgagenews #insuredmortgage #newbuild #marketupdate Advocates are applauding Ottawa's decision to extend the amortization period on insured mortgages for specific homebuyers, viewing it as a positive step toward making homeownership more attainable. Finance Minister Chrystia Freeland announced the extension to 30 years for insured ...Read more...