As superintendent, it honestly isn't in my mandate to determine what's fair. Lengthening amortizations increases risk to a mortgage, and we require a higher capital for that.
On April 20th, 2023. See this statement in context.
On April 20th, 2023. See this statement in context.
April 20th, 2023 / 11:40 a.m.
Superintendent, Office of the Superintendent of Financial Institutions
As superintendent, it honestly isn't in my mandate to determine what's fair. Lengthening amortizations increases risk to a mortgage, and we require a higher capital for that.
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