Canada: New mortgage qualification rules, 2010: Why, what, & when in effect?

When did b20 come into effect?

January 1, 2018

Everyone is talking about the new B-20 mortgage rules that came into effect January 1, 2018. Although these mortgage rules were highly anticipated, there’s still some confusion out there, especially for those renewing their mortgage.

At what age does mortgage insurance end?

around age 70

The coverage ends when your mortgage is paid off. It may also be terminated if you reach the termination age specified in the policy, generally around age 70. You choose the term of your policy, and can also choose to convert it to a permanent life policy at expiration.