Subject: Re: OT: Berkshire or mortgage
{You can get a 30-year mortgage in Canada, but only if your down payment is more than 20%.}

Really? I live in Canada and I've never seen one offered, and I've never known anyone who had one.

To clarify, and you can get a 30 year amortization, but mortgage terms are typically 5 years at a time.

You can get a 30-year fixed rate term, but you will pay through the nose for it. A quick Google search shows a rates of 7.05%.