In recent months, all of Canada’s big banks have reported a vast expansion in the number of mortgages on their books with amortization periods of 35 years or longer.

Holy shit. Longer than 35 years? Like... People are buying a home at 30 and not planning to pay it off until age 70?

That's absolute insanity. I get that payments are rising with interest rates, but holy hell.

Then again, I've heard of so many people having their rentals sold out from under them that maybe I'd take a 40-year amortization if it was the only way to afford payments on buying a house. I can't imagine being forced to move year after year with kids, yet I literally met a guy who's had that happen to his family earlier this week.