Mortgage deferrals, arrears way up in Alberta as the economic downturn continues

Author: Andre Ouimet - Mortgage Agent | | Categories: First Time Home Buyer Mortgage , Home Equity Loans , Mortgage Agent , Mortgage Refinance , Residential Mortgages

They may not come as a surprise to those following 2020’s unemployment levels, but new statistics show the number of Albertans unable to make their home payments is skyrocketing.

According to the Canadian Bankers Association (CBA), almost 800,000 Canadians have needed flexibility with at least one payment this year.

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Original Article Source Credits:   CTV News ,

Article Written By:  Timm Bruch

Original Article Posted on:  November 6, 2020

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