They are very few and far between. XMC also has a 35 year amortization for certain situations. You're out of luck otherwise!roofster wrote: ↑ Does any lender in Canada offer 35-year or 40-year amortizing mortgages with 20%+ down?
The only one I could find was B2B Bank as advertised on their website (https://b2bbank.com/en/mortgages/standa ... properties)
I tried searching through the Bank Act, OFSI and Ministry of Finance laws and regulations for any restrictions on lenders to issue these types of mortgages but did not find anything clear for low ratio mortgages. Also, some lenders (e.g. non-deposit taking institutions) are not regulated by OSFI would not be subject to their restrictions.
Concierge Mortgage Group