Additionally - the goverment might look at restricting HELOCs to 65% and be ammortizing. So a few years down the road your HELOC option might not even be there.
Regarding what someone said about the CMHC insurance reaching it's limit. From what I understand, that won't be so much of an issue to the end consumer seeking mortgage insurance but instead to the bank who go to CMHC to insure large pools of uninsured mortgages.
Here's something I found on it.
Not really on-topic but it was brought up.
http://www.canadianmortgagetrends.co...nce-limit.html