Resources - Amortizations
The amortization is the length of time that a mortgage is spread over. The longer the amortization, the lower the payment, however the total interest cost is greater as it takes longer to pay off the mortgage. 

High Ratio mortgages (purchases with less than 20% down payment) have a maximum amortization of 25 years. Conventional mortgages (20% or more equity in the property) can have an amortization of 30 or 35 years (ask your Approved Lending Centres mortgage agent about the 35 year options).