Canada Mortgage and Housing Corp. has become the third Canadian mortgage insurer to offer 40-year mortgages. See this National Post Story.
Don’t be suprised if CMHC’s new competitors force it to up the ante to 50-years before too long.
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Last modified: November 19, 2006
Going back into your archives has been fun. You sure did get this one wrong.
I kid. This is a bang up site and you guys do an excellent job.
And at the time, it seemed like a reasonable prediction.
Hey Nelson,
Thanks for the kind words. November 2006 was the good old days where anything was possible and the skies were blue. Looking back, that point was partly speculation in jest. At least we hedged our bets with the “don’t be suprised…” bit. LOL. One thing I cannot be wrong on is that we will be wrong again (many more times) before this site sees its last days. :-)
Take it easy….
Rob