Are 50 Year Amortizations The Way Of The Future?

This weeks podcast explores the financial implications of the recent Federal GDP Numbers and the complications they create for the Bank of Canada. Furthermore we explore the revived buzzword “Extend and Pretend” in reference to the Banks extending amortization periods for mortgage holders. Historically it involved banks extending loans to borrowers who were struggling to repay their debts, but instead of recognizing the loans as non-performing or defaulting, the banks would "pretend" tha...