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Daily Archives: April 11, 2024

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According to Canadian ‘Watchdog’, Very Long Mortgages On The Way Down

Posted on April 11, 2024
By Eric MajdalaniMortgage Real Estate
watchdog

The rapid run-up in mortgages during the pandemic represents a “pocket of risk” to the financial system but Canadian lenders are starting to get the problem of ultra-long home loans under control, according to the country’s bank watchdog. “During the Covid years, the principal unintended consequence of what we went through was this buildup in…

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