Are longer mortgage terms the solution to Canada’s payment shock challenges?

Payment shocks at renewal due to shorter mortgage terms have become a growing concern. This has led some to question whether adopting longer mortgage terms would provide greater financial stability. 

Payment shocks at renewal due to shorter mortgage terms have become a growing concern. This has led some to question whether adopting longer mortgage terms would provide greater financial stability.  Mortgage Rates & Mortgage Broker News in Canada 

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