mortgage deferrals News and Articles | My Blog
How risky is it to extend Canadian mortgage amortizations?
6/27/2023 | Posted in Mortgages and Real Estate by Paul DeAdder
Canada's record pace of interest rate hikes has led to the repayment period for many variable rate mortgages lengthening to over 30 years, helping to shield households from ... More
Canadian banks have processed 670,000 mortgage deferrals in first month
4/17/2020 | Posted in Mortgages and Real Estate by Paul DeAdder
Canadian banks processed more than 670,000 mortgage deferrals or skipped payments in the month since announcing a measure to help consumers weather the economic hit from the ... More
Canada's big banks field half a million mortgage deferral requests
4/4/2020 | Posted in Mortgages and Real Estate by Paul DeAdder
Canada’s biggest banks have received nearly half a million requests from homeowners to hold off mortgage payments as the economic fallout from the COVID-19 pandemic ... More
Canada's big banks field more than 200,000 mortgage deferral requests
3/28/2020 | Posted in Canadian Economy and Housing Market by Paul DeAdder
Canada’s largest banks are fielding a deluge of requests to defer payments on mortgages as businesses suffer from efforts to curb the spread of the new coronavirus and ... More
