Question : Canada Mortgages compared to American Mortgages?
Are Canadian mortgages different — programs, rates, etc?
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Best answer:

Answer by Karl Rudolf
I don’t know anything about Canadian programs and interest rates; however, I know that contrary to US mortgages, Canadians are not allowed to deduct their mortgage interest from their income to calculate their taxes. Very important to know that and to keep it in mind when deciding what price you can afford to pay for a house or apartment.