Tag: mortgage amortization Canada

• Canadians Would Pay 75% More Interest With 40-Year Mortgages, Says PBO

  

  Canada is once again debating longer mortgage amortizations as a way to fix housing affordability. But a new analysis from the Parliamentary Budget Officer (PBO) warns the idea may create more problems than it solves. While a 40-year mortgage lowers monthly payments, borrowers end up paying 75% more interest over the life of the loan. The report…

  Kaleylangille

  December 6, 2025

  Uncategorized

  40-year mortgages Canada, Bank of Canada housing research, Canada housing affordability, Canadian mortgage interest, finance, housing policy Canada, interest-rates, investing, mortgage amortization Canada, mortgage news Canada, PBO mortgage report, real estate, real estate affordability Canada, realtor