> The majority of mortgages are 30 year fixed. *in the US. US ≠ World. In other jurisdictions in may be different, and since the article is in a dot-ca, they'r

> The majority of mortgages are 30 year fixed. *in the US. US ≠ World. In other jurisdictions in may be different, and since the article is in a dot-ca, they're in Canada, so things are different. In Canada the amortization is 25-30 years, but most people don't get mortgages with a term that is greater than 5 years. You then renew at that point.