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Replying to Avatar Parker Banks

Where have I heard the word “transitional” before?

It’s notional,” said an OSFI spokesperson. “At renewal borrowers have to go back to the original lending requirements. Extending amortizations is a transitional measure so people can get through this period. It’s not meant to be a permanent measure in our system.

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mr bigot, corporate worker 2y ago

Thank you, Clarrie Feinstein

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