The new goverment rules for mortagages have come into affect as of March 18th. The rule for the maximum ammortization to 30 years affects high ratio mortgages – that means anyone buying a house with less than 20% down payment. Some of the lenders have also changed this for conventional mortgages (20% or more of a down payment), however, there are some lenders that are still offering 35 years as well as 40 years! With 20% or more of a down payment, you have more choices in lenders, which means more choices in products.
See the following link for more information on the new mortgage rules that are now in affect: http://www.fin.gc.ca/n11/11-003-eng.asp