In Canada, some variable-rate mortgage borrowers have continued making the same fixed payment as when their interest rate was below 2%, meaning interest costs that exceed their payment are being added to principal, extending amortization periods to 60, 70, and even 90 years in what are called 'forever mortgages.'
factualpending
Speaker
Danielle ParkEvidence Quote
“some variable rate borrowers have continued making uh the same fixed payment as when their interest rate was sub two percent meaning they haven't been paying more as rates have gone up interest costs have not been paid”
Source
Economic Collapse is Basic Math and it's Very Clear How Things Play Out: Danielle Park— The Jay Martin ShowCreated: 8/11/2026, 1:14:25 AM
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