Canada has adopted a trio of tougher mortgage lending regulations that are designed to, among other things, lower interest payments on long-term loans. The three measures reduce the maximum amortization period from 35 years to 30 years for new government-backed insured mortgages with loan-to-value ratios greater than 80%; lower the maximum amount homeowners can borrow to refinance their mortgages from 90% to 85%; and end government insurance for home equity lines of credit secured by homes.

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