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5 Oct 2023

A 47-year mortgage? They’re out there — and even longer ones could be coming

Author: admintech | Filed under: Finance/ Money
A sign on the window of a mortgage office is shown.

Canada’s top banking regulator will soon implement new guidelines aimed at reducing the risks posed by the growing number of negative amortization mortgages — those where payments aren’t enough to make a dent in the original loan balance.