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Thursday, April 26, 2018, 8:33 a.m.

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Why the 30-year mortgage works

Those of us who write about the housing market and the virtues of the 30-year fixed home loan can calibrate our watches by how long it takes a reader to respond as follows: “Hey, Canada doesn’t have 30-year fixed mortgages, and their housing market’s doing just fine!” Usually about a nanosecond.

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