U.S. President Donald Trump’s proposal for a 50-year mortgage may sound enticing to many first-time homebuyers in America seeking an affordable way to enter the housing market.

But many industry observers have panned the idea to extend the 30-year loan period that most in the U.S. sign up for.

And it’s very unlikely such an idea would gain traction anytime soon in Canada, where amortization periods have been shortened over the last two decades.

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Trump first floated this idea earlier this week with a post on his social media site depicting an image of former president Franklin Delano Roosevelt under the heading "3

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