Canadians have deferred $1B a month worth of mortgage payments since pandemic began

Author: External Author | Oct 07, 2020 | Categories: Debt Consolidation , First Time Home Buyer Mortgage , Mortgage Broker , Mortgage Calculator , Mortgage Rates , Private Equity Investors , Private Mortgage Lending , Refinance Mortgage , Reverse Mortgage , Self Employed Mortgage

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More than three-quarters of a million Canadian homeowners have either deferred or skipped a mortgage payment during the COVID-19 pandemic began, to the tune of about $1 billion a month, Canada's national housing agency says.

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Original Article Source Credits: CBC News , https://www.cbc.ca/

Article Written By: Pete Evans

Original Article Posted on: Sep 10, 2020

Link to Original Article: https://www.cbc.ca/news/business/covid-mortgages-cmhc-1.5718894