Bank of Canada Calls for Longer Mortgage Terms
Bank of Canada Governor Stephen Poloz recently spoke in Winnipeg, where he called for mortgage product innovation, including:
- Developing a market for private mortgage-backed securities.
- Encouraging different mortgage designs, such as shared equity mortgages.
- And providing longer mortgage terms.
We are looking at the longer mortgage term suggestion on the Purview blog. Read the debate here: https://www.purview.ca/are-longer-mortgage-terms-the-solution/.
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