Mortgage deferrals will soon end for many Canadians. Then what?

Author: Andre Ouimet - Mortgage Agent | | Categories: Construction Loan , Debt Consolidation , First Time Home Buyer Mortgage , Home Equity Loans , Income Tax Debt , Mortgage Agent , Mortgage Refinance , Residential Mortgages , Second Mortgage

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Six-month mortgage deferrals for borrowers struggling with the financial impact of the novel coronavirus pandemic will be over for many in the fall. How many of those deferrals will turn into defaults is one of the questions hanging over the future of Canada’s economic recovery.

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Original Article Source Credits:   Global News , https://globalnews.ca/

Article Written By:   Erica Alini 

Original Article Posted on:  August 26, 2020

Link to Original Article:  https://globalnews.ca/news/7286008/coronavirus-mortgage-deferrals-end-canada/



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