Canada Rarely Allows Interest-only Loans
It is possible, though extremely rare, to obtain a Canadian Interest Only payment or first few payments on a standard amortizing mortgage.
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“This universal exhibition in Canada of the tools and sinews of war reminded me of the keeper of a menagerie showing his animals’ claws. It was the English leopard showing his claws.”
—Henry David Thoreau (1817–1862)
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—John Kenneth Galbraith (b. 1908)