At BMO, the proportion of residential mortgages with amortization periods longer than 30 years reached 32.4 per cent in January. At CIBC, the percentage was 30 per cent. At TD it was 29.3 per cent and at Royal Bank of Canada, it was 25 per cent, according to their regulatory filings.
$52-billion worth of CIBC mortgages were in a position where the borrower’s monthly payment was not high enough to cover even the interest portion of the loans, data show