Toronto Star | Ottawa to allow 30-year mortgage loans for all first-time and new-build homebuyers @torontostar | Uploaded September 2024 | Updated October 2024, 3 hours ago.
First-time homebuyers of resale homes and all buyers of new-build homes across Canada will soon be able to access more drawn-out mortgage loans to help lower their monthly costs, the federal government has announced — expanding access to the terms already offered to first-time buyers of newly built homes.