In Canada, you have to re-do your mortgage every 5 (FIVE) years...gee, wonder why they didn’t have the mortgage meltdown we had!!!
Canada also didn’t have Dodd,Raines,Frank and CRA.
You also can’t just walk away from a mortgage there.
Remember the rat/rino lexicon: NOT giving a loan to the unqualified is evil and “redlining”.
Giving the unqualified a loan is “predatory lending”.
(”Pwedatowy wending” if you’re Bawney Fwank)