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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Thank you, Clarrie Feinstein

nostr:npub1g6kz3nm2986pvw5zh5z5ca62p8c6dm84xds4m5vaeple2707lhvqyz7vjt "Well, now that we know our kids can't pay off our debts, it's time to put it on the grandkids."