Canadian Banks Are Extending Amortizations Over 35 Years To Avoid...

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2023-05-02 02:01:13 - ترجمة -

Canada’s Big Six banks have a significant share of mortgages with amortizations over 35 years. BMO, CIBC, TD, and RBC all reported over a quarter of their portfolio had amortizations over 30 years.
https://betterdwelling.com/canadian-banks-are-extending-amortizations-over-35-years-to-avoid-defaults/

Canada’s Big Six banks have a significant share of mortgages with amortizations over 35 years. BMO, CIBC, TD, and RBC all reported over a quarter of their portfolio had amortizations over 30 years. https://betterdwelling.com/canadian-banks-are-extending-amortizations-over-35-years-to-avoid-defaults/

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Canadian Banks Are Extending Amortizations Over 35 Years To Avoid Defaults - Better Dwelling

What’s the secret to Canada’s remarkably low delinquencies, despite soaring interest rates? Never paying off those super-sized mortgages, apparently. Filings from Canada’s Big Six banks show a big share of mortgages had remaining amortizations of 30 years or longer in Q1 2023. Most of the Big Six reported at least a quarter of their portfolio […]

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