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Bank of Canada Calls for Longer Mortgage Terms

September 9, 2019 • Financial Industry, Real Estate Industry

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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