4 ms·
>How are these rate increases playing out? There are people whose payments are no longer covering interest, and hence amortization is growing, causing the watc
by itsoktocry 3y ago
>How are these rate increases playing out?
There are people whose payments are no longer covering interest, and hence amortization is growing, causing the watchdog to change rules:
https://financialpost.com/real-estate/mortgages/osfi-negative-amortization-mortgages https://financialpost.com/real-estate/mortgages/osfi-negativ...