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Can I Get A 30-Year Mortgage? – Forbes Advisor Canada

In Canada, the standard mortgage amortization period is 25 years, but some homeowners opt for a 30-year term for lower monthly payments and budget flexibility. However, this option requires a larger down payment or a property worth over $1 million, and it may come with higher interest rates. It also takes longer to build home equity. Prepayments can reduce the loan term.

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