A fourth requirement for obtaining a mortgage is not mentioned in this article. It is that the term of the loan must finish before the borrower's 71st birthday. This means that the maximum allowable term begins to decrease after the borrower's 40th birthday to a point where the loan payments become prohibitive.
The higher payments brought on one's age can be alleviated by an rapidly increasing income or paying for a house in cash. This is not so in Canada or the U.S.
Is this policy not a violation of human rights based on age? Wouldn't elimination of this policy be in the interests of promoting the common good, especially of those approaching retirement?

As we start out in life, we need credit.
As we approach retirement, we need security; best acquired by having our financial affairs in good order.
Why should anyone lend us money when we are no longer earning and able to pay it back?