Banking regulator says about $250B worth of home loans are either currently or soon to be negatively amortized.

Canada’s top banking regulator will soon implement new guidelines for the mortgage market, aimed at reducing the risks posed by negative amortization mortgages — home loans where the payment terms have ballooned by years and sometimes decades because payments are no longer enough to pay down the loan on the original terms.

Take a minute to read Pete Evans’ article on CBC news about the consequences on mortgages since the Bank of Canada has hiked interest rates multiple times within a year and a half.