The reduction of the maximum amortization period will change from 35 years to 30 years thus reducing the amount Canadians can borrow on their home. Ottawa has lowered the limit on how much money Canadians can borrow against the equity of their homes, from the current 90% of the home’s value, to 85% as of March 18th. The government will no longer insure lines of credit secured on homes as if they were mortgages, which may bring changes to how the banks offer Lines Of Credit ... (full article)